Industrial Mid-Year Report_Q2 2019_FINAL

Cushman &Wakefield Dallas/Fort Worth

Far North/I-35

OBSERVATIONS & TRENDS 75

DENTON

380

35

• Submarket surrounded by heavy residential population

35E

LITTLE ELM

380

CORINTH

35W

• Proximity to the expansion of Northern DFW, rooftops and Interstate 35 drives demand

FRISCO

ALLEN

FAR NORTH I-35

HIGHLAND VILLAGE

75

• Limited available land for new industrial development

PLANO

SELECT MARKET ACTIVITY & NEW DEVELOPMENT

35E

121

FLOWER MOUND

MURPHY

–– RR Donnelley renewed in 200,515 SF with Duke at Waters 1550 in Lewisville at the end of 2018 –– First Industrial’s Phase I of First Park 121 with two speculative front-park, rear-load buildings of 220K SF and 125K SF located at Midway Rd and FM 544 in Lewisville is expected to deliver this year –– EastGroup’s two rear-load buildings under construction at Creekview 121 (73K SF and 66K SF) are expected to deliver this year –– A JV between Ironwood & Scannell is kicking off two speculative buildings (393K SF cross dock & 111K SF rear load) on their recently acquired 81 acre site off Western Blvd in Denton – the JV has a 4 building park totaling 1.4 MSF planned on the site HUTCHINS BALCH SPRINGS FORNEY 20 20 30 30 635 12 80 175 175

ROANOKE

114

ADDISON

SOUTHLAKE

RICHARDSON

CARROLLTON

35W

35E

121

75

GRAPEVINE

635

FARMERS BRANCH

114

KELLER

635

NORTH RICHLAND HILLS

360

COLLEYVILLE

114

121

12

12

BEDFORD

HIGHLAND PARK

EULESS

35E

183

183

HALTOM CITY

IRVING

75

820

W

DALLAS

121

360

30

30

GRAND PRAIRIE

ARLINGTON

12

RTH

35E

45

287

12

820

20

20

67

35E

DUNCANVILLE

REST HILL

287

45

360

MARKET SUMMARY

W

DESOTO

LANCASTER

WILMER

MANSFIELD

67

35E

2011

2012 2013 2014 2015 2016 2017 2018 YTD 2019

17.5

17.7

17.8

18.1

18.2

18.9

20.2

20.8

21.0

Inventory (MSF)

Overall Net Absorption (MSF)

277,233 457,710 122,750 532,043 146,188 490,918

1.8

314,006 132,175

9.0% 7.2% 7.0% 5.0% 4.7% 5.9% 2.8% 4.5% 4.0%

Overall Vacancy

23,750 182,125 102,719 231,615 105,004 724,868

1.3

587,198 80,000

Completions (MSF)

Under Construction (MSF)

139,375 74,219 133,787 105,004 377,670

1.3

565,775 564,756 484,756

56 Q2 2019