Industrial Mid-Year Report_Q2 2019_FINAL

Industrial Insider Mid-Year Report

Under Construction - Availabilities (100K SF+)

Building

Developer/Owner

RBA

SF Available

Interstate Crossing

Hunt Southwest

1,023,488

1,023,488

Alliance Westport 11

Hillwood

1,002,536

1,002,536

Speedway Logistics Crossing - Building 2

Scannell

795,780

795,780

Alliance Center North 3

Hillwood

783,465

783,465

Westport Logistics - Building 2

PLR

677,429

677,429

Mark IV Commerce Park - Building 1

Crow Holdings Industrial

581,000

581,000

Alliance Northport 1

Hillwood

500,555

500,555

Northwest Commerce Park - Building 1

Stream / Morgan Stanley

473,894

473,894

Speedway Logistics Crossing - Building 3

Scannell

408,240

408,240

Speedway Logistics Crossing - Building 1

Scannell

390,000

390,000

Northwest Commerce Park - Building 3

Stream / Morgan Stanley

351,194

351,194

Northwest Commerce Park - Building 2

Stream / Morgan Stanley

266,152

266,152

Mark IV Commerce Park - Building 3

Crow Holdings Industrial

239,500

239,500

Alliance Northport 5

Hillwood

225,930

225,930

Alliance Northport 4

Hillwood

225,472

225,472

Westport Logistics - Building 1

PLR

205,136

205,136

Mark IV Commerce Park - Building 2

Crow Holdings Industrial

205,000

205,000

Fossil Creek Commerce Center

First Industrial

198,589

198,589

Planned Speculative (100K SF+)

Building

Developer/Owner

RBA

SF Available

Intermodal Logistics Center - Building 2

Northpoint Development

1,007,000

1,007,000

NorthLink A

Hines

754,313

754,313

NorthLink B

Hines

263,200

263,200

FORECAST The construction pipeline for both Alliance and North Fort Worth will remain active throughout the rest of the year with 8.6 MSF of speculative product under construction in the submarkets combined. However, with continued elevated tenant demand, it is anticipated the area’s leasing fundamentals will remain strong. We forecast that an increase in vacancy for Alliance is likely in the short term - a result of the current construction pipeline. Longer term, the area should return to equilibrium as the majority of good developable sites are now under developer control, and a disciplined approach to future development is expected.

TA B L E O F CON T E N T S

Q2 2019

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