Industrial Mid-Year Report_Q2 2019_FINAL

ALLEN

HIGHLAND VILLAGE

Cushman &Wakefield Dallas/Fort Worth

75

PLANO

35E

121

FLOWER MOUND

4

East Fort Worth ROANOKE SOUTHLAKE 114

MURPHY

ADDISON

RICHARDSON

CARROLLTON

35W

35E

121

75

GRAPEVINE

287

635

OBSERVATIONS & TRENDS FARMERS BRANCH

114

KELLER

635

NORTH RICHLAND HILLS

360

COLLEYVILLE

635

• Comprised primarily of smaller, multi-tenant product developed in previous cycles • Since 2010, East Fort Worth has delivered less than 600,000 SF of new industrial product • Limited new development opportunities due to lack of available land and shallow demand • PAK Quality Foods’ 63,375 SF cold storage facility located at 12360 S Pipeline Rd is expected to deliver during the third quarter of this year • STAG Industrial’s 101,896 SF warehouse at 1801 Riverbend West Drive was purchased by Harris Packaging. The space was previously occupied by Ecolab HUTCHINS BALCH SPRINGS DUNCANVILLE HIGHLAND PARK DALLAS 20 20 45 45 30 35E 35E 35E 30 12 12 12 12 114 183 12 75 67 80 175 175

121

BEDFORD

GINAW

EULESS

183

HALTOM CITY

IRVING

820

820

EAST FORT WORTH

35W

121

360

30

GRAND PRAIRIE

ARLINGTON

FORT WORTH

287

20

820

20

20

FOREST HILL

287

360

35W

DESOTO

LANCASTER

WILMER

MANSFIELD

67

35E

MARKET SUMMARY

2011

2012 2013 2014 2015 2016 2017 2018 YTD 2019

22.9

22.9

22.9

23.0

23.1

23.4

23.5

23.5

23.5

Inventory (MSF)

Overall Net Absorption (MSF)

(54,492) 35,902

97,359 121,025 (127,368) 216,947 23,604

67,826

10,060

5.7% 5.7% 5.3% 4.9% 5.8% 6.1% 6.4% 6.0% 6.1%

Overall Vacancy

21,208 25,000

0

50,000 79,800 301,500 100,000

0

22,050

Completions (MSF)

Under Construction (MSF)

0

0

50,000

0

0

0

0

64,800 100,167

52 Q2 2019