C&W Industrial Insider Year-End Report_Q4-2018

Industrial Insider Year-End Report

MARKET SUMMARY - Garland

2010 2011

2012 2013 2014 2015 2016 2017 2018

41.7

41.7

41.8 41.8

41.8

42.4

42.4

43.9 44.7

Inventory (MSF)

Overall Net Absorption (MSF)

(248,295) 368,021 164,421 (382,809) 767,445 847,506 778,076

1.2 294,337

11.5% 10.6% 10.3% 11.3% 9.5% 8.8% 7.0% 7.2% 7.9%

Overall Vacancy

20,125

0

33,620

23,474 22,000 639,684

0

1,455,366 789,400

Completions (MSF)

0

0

23,474

0

167,440

0

1.4 764,400 249,097

Under Construction (MSF)

MARKET SUMMARY - Mesquite

2010 2011

2012 2013 2014 2015 2016 2017 2018

17.2

17.2 17.2

17.6

17.6

17.6

17.6

18.0

19.0

Inventory (MSF)

Overall Net Absorption (MSF)

329,743 700,928 612,735 542,836 401,271 (53,877) (177,433) 657,499 207,070

19.7% 15.6% 12.0% 10.9% 8.7% 9.0% 10.1% 8.2% 10.1%

Overall Vacancy

0

0

0

398,162

0

0

25,755 351,874 520,666

Completions (MSF)

0

0

398,162

0

0

25,755 351,874 877,230

1.9

Under Construction (MSF)

COMPLETIONS / NET ABSORPTIONS

VACANCY

Historical Average = 9.2% HISTORICAL AVERAGE = 9.2%

NET ABSORPTION / COMPLETIONS

14.0%

2.5

12.0%

2.0

10.0%

1.5

8.0%

6.0%

1.0 Millions

4.0%

0.5

2.0%

0.0

0.0%

2012

2013

2014

2015

2016

2017

2018

Q4 2012

Q4 2013

Q4 2014

Q4 2015

Q4 2016

Q4 2017

Q4 2018

OVERALL NET ABSORPTION COMPLETIONS

OVERALL VACANCY RATE

HISTORICAL AVERAGE

Q4 2018

49