GLP Park 121_Presentation_February 2019

DFW INDUSTRIAL

OBSERVATIONS & TRENDS

NEW SUPPLY

NET ABSORPTIONS/COMPLETIONS

• DFW Industrial Market is one of the strongest in the US as a top four choice for national logistics distribution • DFW #1 in US population growth and #2 for US job growth • Overall demand remains elevated with 2018 net absorption reaching nearly 23 MSF, making it the fourth straight year and the only four years in its history, the DFW Industrial Market exceeded 20 MSF in net absorption • DFW Industrial Market vacancy remains tight at 7.1% despite the 18.5 MSF of speculative new supply delivered during 2018

Title

5-Year Historical Average = 18.9 MSF 5-YEAR HISTORICAL AVERAGE = 18.9 MSF

35.0

35.0

30.0

30.0

25.0

25.0

20.0

20.0

15.0 Millions

15.0 Millions

10.0

10.0

5.0

5.0

0.0

0.0

2010 2011

2012

2013

2014 2015

2016 2017

2018

2010 2011

2012 2013 2014 2015 2016 2017 2018

DELIVERED

5-YEAR HISTORICAL AVERAGE

OVERALL NET ABSORPTION COMPLETIONS

22.9 MSF

7.1%

26.9 MSF

21.7 MSF

OVERALL NET ABSORPTION

OVERALL VACANCY

COMPLETIONS

UNDER CONSTRUCTION

CUSHMAN & WAKEFIELD 11