Industrial Mid-Year Report_Q2 2019_FINAL

Cushman &Wakefield Dallas/Fort Worth

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 • Expect future redevelopment in the submarket, because rates are justifying some teardowns and reinvestment of capital 30 –– U.S. Auto Force leased 151,176 SF at Panattoni’s Valwood Logistics Center, a speculative rear-load development delivered during the first quarter –– Steelcase purchased Core5’s Valwood Crossroads, a two- building speculative development (337K SF and 280K SF) expected to deliver by year-end FORNEY 80 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

20

BALCH SPRINGS

12

20

20

20

HUTCHINS

67

35E

175

DUNCANVILLE

MARKET SUMMARY

45

360

DESOTO

LANCASTER

WILMER

FIELD

67

35E

2011

2012 2013 2014 2015 2016 2017 2018 YTD 2019

46.4

46.4

46.7

47.1

48.5

49.0

50.2

50.4

50.5

Inventory

Overall Net Absorption (MSF)

660,374

1.2

2.0

241,723

1.8

843,752

1.5

591,408 246,740

12.7% 10.2% 6.5% 6.8% 5.8% 5.2% 4.3% 4.6% 5.5%

Overall Vacancy

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

1.4

542,355

1.1

235,900 151,176

Completions (MSF)

Under Construction (MSF)

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

1.0

235,900 803,445 674,491

100 Q2 2019