Industrial Mid-Year Report_Q2 2019_FINAL

Industrial Insider Mid-Year Report

YEAR-TO-DATE - DFWAirport

OVERALL NET ABSORPTION UNDER CONSTRUCTION 3.3MSF 8.8% 3.4MSF 4.5MSF OVERALL VACANCY COMPLETIONS

MARKET SUMMARY

2011

2012 2013 2014 2015 2016 2017 2018 YTD 2019

62.9

63.0

65.7

70.4

74.0

76.1

79.3

83.1

86.5

Inventory (MSF)

Overall Net Absorption (MSF)

3.6

2.4

4.5

2.4

3.2

4.6

3.2

2.8

3.3

13.5% 9.9% 6.8% 9.5% 9.7% 6.1% 5.8% 8.4% 8.8%

Overall Vacancy

28,417

85,500

2.7

4.6

3.7

2.1

3.2

3.8

3.4

Completions (MSF)

Under Construction (MSF)

85,500

1.1

4.5

3.6

2.3

3.7

1.6

3.8

4.5

COMPLETIONS / NET ABSORPTIONS

VACANCY

Historical Average = 8.2%

.0%

HISTORICAL AVERAGE = 9.6%

.0%

Historical Average = 9.6%

.0%

16.0%

NETABSORPTION / COMPLETIONS

5.0

14.0%

4.5

.0%

12.0%

4.0

3.5

10.0%

.0%

3.0

8.0%

2.5

Millions

.0%

6.0%

2.0

1.5

4.0%

1.0

.0%

2.0%

0.5

0.0

0.0%

.0%

2011

2012

2013

2014

2015

2016

2017

2018 YTD2019

2011

2012

2013

2014

2015

2016

2017

2018

YTD2019

Q2 2010 Q2 2011

Q2 2012 Q2 2013 Q2 2014 Q2 2015 Q2 2016 Q2 2017 Q2 2018

OVERALL NETABSORPTION COMPLETIONS

OVERALL VACANCY RATE

HISTORICAL AVERAGE

OVERALL VACANCY RATE

HISTORICAL AVERAGE

Q2 2019

47