C&W Industrial Insider Year-End Report_Q4-2018

Cushman &Wakefield Dallas/Fort Worth

380

DENTON

35

35E

LITTLE E

CORINTH

35W

287

South Fort Worth

HIGHLAND VILLAGE

35E

121

FLOWER MOUND

114

ROANOKE

114

SOUTHLAKE

CA

35W

121

OBSERVATIONS & TRENDS

GRAPEVINE

287

635

114

KELLER

NORTH RICHLAND HILLS

360

COLLEYVILLE

114

121

• Area is characterized by mature product and manufacturing uses • Several developers have acquired sites for new warehouse/ distribution projects • Available land and location at the intersection of I-20 and I-35 W are driving development, as well as access to blue- collar labor

BEDFORD

SAGINAW

EULESS

199

183

183

HALTOM CITY

IRVING

820

820

35W

121

360

30

WHITE SETTLEMENT

GRAND PRAIRIE

ARLINGTON

1

FORT WORTH

30

20

30

820

287

20

820

20

20

20

DUNCAN

BENBROOK

FOREST HILL

287

377

360

35W

SOUTH FORT WORTH

MANSFIELD

67

SELECT NEW DEVELOPMENTS

–– McLane Food Company leased 670K SF of Provender Logistics Center, Highridge Provender’s 1 MSF food grade facility at 7550 Oak Grove Rd in Fort Worth –– Crow Holdings Capital traded their speculative 488K SF two-building project to Cabot Properties at 86% leased –– Majestic delivered the first speculative building, a 287K SF front-park, rear-load, at the developer’s 1.8 MSF master-planned Fort Worth South Business Park –– TA Associates and Frontier Equity’s speculative 4 building development totaling nearly 500K SF at the NWC of I-35 W and Everman Pky will deliver in the first quarter of 2019 –– Hunt Southwest will deliver DFW ColdSpot, a 300K SF speculative freezer/cold storage/food processing warehouse at 8600 Will Rogers Blvd in the first quarter of 2019

MARKET SUMMARY

2010 2011

2012 2013 2014 2015 2016 2017 2018

26.1

26.2

26.2

26.2

26.2

26.3

26.4

26.9

27.2

Inventory

Overall Net Absorption (MSF)

60,187 (166,093) (31,163)

1.1

(784,487) 14,182 959,828

(1.2)

1.1

5.1% 5.8% 5.9% 2.0% 5.0% 5.3% 1.9% 8.1% 4.8%

Overall Vacancy

20,000

33,610

0

56,097

0

95,550

78,419 488,564 308,061

Completions (MSF)

Under Construction (MSF)

33,610

0

56,097

0

58,450

58,419

0

308,061 754,585

82 Q4 2018