C&W Industrial Insider Year-End Report_Q4-2018

Cushman &Wakefield Dallas/Fort Worth

Valwood/North Stemmons

OBSERVATIONS & TRENDS

75

ENTON

380

• •“Workhorse Market” with proximity to highly populated areas, high quantities of labor and major highways as the driving factor for high demand • •Low vacancy rates and increasing rental rates resulting from “building out” of park • •Expect future redevelopment in the submarket, because rates are justifying the teardown and reinvestment of capital 380 –– Prologis delivered the final phase of the Valwood Corporate Center redevelopment project with Building 4, a speculative 235K SF cross dock –– Core5 Industrial Partners pre-leased 100% of Valwood Crossroads, a two-building speculative development (337K SF and 280K SF) expected to deliver in 2019 –– Panattoni’s Valwood Logistics Center, a 151K SF speculative front-park, rear-load building on Senlac Drive will deliver in the first quarter of 2019 FORNEY 20 80 30 SELECT NEW DEVELOPMENTS

5E

LITTLE ELM

CORINTH

FRISCO

ALLEN

HIGHLAND VILLAGE

75

PLANO

35E

121

FLOWER MOUND

VALWOOD/ STEMMONS

MURPHY

ADDISON

E

RICHARDSON

CARROLLTON

35E

121

75

GRAPEVINE

635

FARMERS BRANCH

114

635

360

YVILLE

635

114

121

12

12

ORD

HIGHLAND PARK

EULESS

35E

30

183

IRVING

75

DALLAS

360

30

30

GRAND PRAIRIE

ARLINGTON

12

35E

45

12

175

BALCH SPRINGS

12

20

20

20

HUTCHINS

67

35E

175

DUNCANVILLE

45

360

MARKET SUMMARY DESOTO

LANCASTER

WILMER

FIELD

67

35E

2010 2011

2012 2013 2014 2015 2016 2017 2018

46.2

46.6

46.6

46.9

47.3

48.7

49.2

50.4

50.6

Inventory

Overall Net Absorption (MSF)

97,997 660,374

1.2

2.0

241,723

1.8

843,752

1.5 591,408

13.5% 12.7% 10.2% 6.5% 6.8% 5.8% 5.2% 4.3% 4.6%

Overall Vacancy

111,938 343,394 28,380 299,550 398,249

1.4

542,355

1.1

235,900

Completions (MSF)

Under Construction (MSF)

140,000 28,380 299,550 28,532 985,192 860,043

1.0

235,900 803,445

86 Q4 2018