Industrial Mid-Year Report_Q2-2018
Cushman &Wakefield Dallas
Alliance/North Fort Worth
The North Fort Worth and Alliance submarkets are situated along I-35W on the northwest edge of DFW. Both submarkets benefit from proximity to Alliance’s Global Logistics Hub, which includes the BNSF Railway Intermodal Terminal, Alliance Airport, and UPS and FedEx hubs. While Alliance has traditionally been a finite submarket mostly controlled by Hillwood, other developers are entering the area. However, limited land availability will constrict opportunities for competing projects. North Fort Worth is an infill submarket with few remaining large land parcels available for development. The DENTON 35E 35
submarket’s tenant base has a high percentage of rail users and light manufacturing. Both Alliance and North Fort Worth have been active in construction activity over the last several years and continue to experience impressive leasing velocity. Since 2015, the combined submarkets have delivered 14.2 MSF and have posted an overall net absorption of 15.1 MSF. Of the speculative assets delivered in both submarkets since 2015, 82% has leased. Both North Fort Worth and Alliance will remain important players for DFW as dynamic industrial submarkets. 75
ALLIANCE AND NORTH FORT WORTH COMBINED HAVE 4.6 MSF OF SPECULATIVE PRODUCT SET TO DELIVER BY YEAR-END
380
380
LITTLE ELM
CORINTH
35W
FRISCO
87
ALLEN
OBSERVATIONS & TRENDS HIGHLAND VILLAGE
75
PLANO
• New supply delivered in 2018 is expected to hit 6.4 MSF, more than doubling submarket deliveries for 2017 • Hillwood has plans to break ground on two new speculative buildings in Alliance next month (780K SF and 500K SF) and are in the design phase of their next 1 MSF speculative building that will be expandable to 1.5 MSF • New 203 acre development by DHL Real Estate Solutions, Elizabeth Creek Gateway, is expected to bring nearly 4 MSF of new product and represents one of few remaining non-Hillwood controlled developments RICHARDSON FARMERS BRANCH HIGHLAND PARK ADDISON CARROLLTON 30 635 635 635 35E 35E 35E 12 114 114 121 183 121 12 75
FLOWER MOUND
114
MURPHY
ROANOKE
114
SOUTHLAKE
35W
GRAPEVINE
287
ALLIANCE
KELLER
NORTH RICHLAND HILLS
360
COLLEYVILLE
121
NORTH FORT WORTH
BEDFORD
SAGINAW
EULESS
183
HALTOM CITY
IRVING
820
75
820
35W
DALLAS
80
121
360
30
30
WHITE SETTLEMENT
GRAND PRAIRIE
ARLINGTON
12
FORT WORTH
35E
30
45
12
820
175
24 Q2 2018
287
BALCH SPRINGS
12
20
820
20
20
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