C&W Industrial Insider Year-End Report_Q4-2018

FRISCO

Cushman &Wakefield Dallas/Fort Worth

ALLEN

D

75

E

PLANO

Pinnacle/Turnpike MURPHY 121

35E

ADDISON

OBSERVATIONS & TRENDS

RICHARDSON

CARROLLTON

35E

1

75

• Attractive because of its access to dense blue-collar labor populations and location between Downtown Dallas and DFW International Airport • Below average vacancy as a result of consistent tenant demand • Recent increase of construction activity and quick lease up of new supply 30 30 –– Hillwood broke ground on two speculative cross dock buildings (672K SF and 609K SF) at Commerce 30, with delivery expected in 2Q 2019 –– Ironwood Realty Partners purchased a +/- 10 acre site with I-30 frontage in Grand Lakes and began moving dirt on a speculative 193K SF rear-load building expected to deliver mid-2019 –– Hillwood broke ground on Commerce 30 with a BTS for Amazon for 855K SF at I-30 and Chalk Hill Rd in Dallas –– Geodis renewed in 594,000 SF at Turnpike Distribution Center 29 on Pipestone Road in Dallas –– Negative absorption for the year a result of several move-outs including Noble Cotton, OHL, & Schumacher Electric BALCH SPRINGS FORNEY 20 175 WILMER 80 SELECT NEW DEVELOPMENTS & MARKET ACTIVITY

635

FARMERS BRANCH

114

635

635

114

12

12

HIGHLAND PARK

35E

183

IRVING

75

DALLAS

PINNACLE/ TURNPIKE

30

GRAND PRAIRIE

12

35E

45

12

175

12

20

20

HUTCHINS

67

35E

DUNCANVILLE

45

DESOTO

LANCASTER

67

35E

MARKET SUMMARY

2010 2011

2012 2013 2014 2015 2016 2017 2018

25.5

25.5

25.7

25.7

25.7

26.3 26.9

27.6

27.8

Inventory (MSF)

Overall Net Absorption (MSF)

(810,816) 1.0 (226,121)

1.1

118,462

2.1

198,619 272,017

(1.1)

14.4% 10.4% 12.0% 7.7% 7.2% 1.6% 2.9% 4.5% 9.0%

Overall Vacancy

0

0

204,762

0

0

620,445 556,613 733,241 189,200

Completions (MSF)

Under Construction (MSF)

0

204,762

0

0

620,445 264,413 733,241 189,200

2.2

64 Q4 2018