Industrial Mid-Year Report_Q2 2019_FINAL

Industrial Insider Mid-Year Report

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Mid-Year Update

Welcome back to The Industrial Insider. We hope everyone is enjoying their summer. Our team is excited to present the year-to-date activity in the Dallas/ Fort Worth market with our Industrial Insider – 2019 Mid-Year Report. In this report, we summarize the performance of the DFW industrial market year-to-date and inform you on what can be expected for the second half of 2019. The DFW industrial market had two strong quarters of overall net absorption, surpassing 11 MSF at mid- year. This puts us on track to reach 20 MSF of overall net absorption for the fifth consecutive year. Net absorption outpaced the 9.8 MSF of mid-year

construction completions, tightening the overall vacancy rate to 6.9% (lower by 20 basis points from 2018 year-end). Construction activity remains elevated with 30.1 MSF of new supply under construction today, of which 10.7 MSF is build-to-suit or preleased product. Looking ahead to the rest of 2019, we believe the DFW market will continue to see robust supply and demand activity. Mid-year active tenant requirements look strong at approximately 22 MSF. We hope you find this special 2019 Mid- Year Report edition of our Industrial Insider informative. The mid-year numbers leave us optimistic for the remainder of 2019.

RSVILLE

380

ROYSE CITY

llas

34

TERRELL

KAUFMAN

175

Kurt Griffin, SIOR Executive Managing Director +1 972 663 9818 kurt.griffin@cushwake.com

Nathan Orbin, SIOR Executive Managing Director +1 972 663 9819 nathan.orbin@cushwake.com

Ann Jaggars Analyst +1 972 663 9775 ann.jaggars@cushwake.com

Q2 2019

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