Industrial Mid-Year Report_Q2-2018
Cushman &Wakefield Dallas
Valwood/North Stemmons
75
ENTON
380
OBSERVATIONS & TRENDS 380
5E
LITTLE ELM
CORINTH
FRISCO
• “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 • Prologis’ redevelopment of the former ST Micro site is the first true redevelopment in the submarket, because rates are justifying the teardown and reinvestment of capital. Building 3 (285K SF) delivered at the end of 2017 and is 82% leased 30 –– Prologis will finishing up final phase of Valwood Corporate Center redevelopment project with Building 4 (235K SF) delivering next month –– Core5 Industrial Partners will break ground on a two-building speculative development, Valwood Crossroads(337K SF and 280K SF), at the end of this year –– Panattoni’s Valwood Logistics Center, a 151K SF speculative front-park, rear-load building on Senlac Drive will deliver in 3Q 2018 FORNEY 20 80 175 BALCH SPRINGS SELECT NEW DEVELOPMENTS
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
12
20
20
20
HUTCHINS
67
35E
DUNCANVILLE
45
360
DESOTO
LANCASTER
WILMER
FIELD
67
35E
MARKET SUMMARY
2010 2011
2012 2013 2014 2015 2016 2017 2018 YTD
46.2
46.6
46.6
46.9
47.3
48.7
49.2
50.4
50.4
Inventory
Overall Net Absorption (MSF)
97,997 660,374
1.2
2.0
241,723
1.8
843,752
1.5 200,995
13.5% 12.7% 10.2% 6.5% 6.8% 5.8% 5.2% 4.3% 4.1%
Overall Vacancy
111,938 343,394 28,380 299,550 398,249
1.4
542,355
1.1
0
Completions (MSF)
Under Construction (MSF)
140,000 28,380 299,550 28,532 985,192 860,043
1.0
235,900 235,900
86 Q2 2018
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