Industrial Mid-Year Report_Q2 2019_FINAL

Industrial Insider Mid-Year Report

YEAR-TO-DATE - Great Southwest

OVERALL NET ABSORPTION 2.8 MSF 4.0% 980.4 K SF 4.8MSF OVERALL VACANCY

COMPLETIONS

UNDER CONSTRUCTION

MARKET SUMMARY

2011

2012 2013 2014 2015 2016 2017 2018 YTD 2019

88.1

88.1

89.0

92.1

93.9

99.0

106.8

111.7

112.7

Inventory (MSF)

Overall Net Absorption (MSF)

1.8

2.8

2.8

3.3

3.4

2.6

4.6

9.7

2.8

12.1% 8.9% 6.6% 6.3% 4.5% 6.8% 9.3% 5.3% 4.0%

Overall Vacancy

63,750

0

858,000

3.2

1.8

5.0

7.8

5.0

980,497

Completions (MSF)

0

858,000

1.8

1.8

4.0

6.5

3.2

4.7

4.8

Under Construction (MSF)

COMPLETIONS / NET ABSORPTIONS

VACANCY

HISTORICAL AVERAGE = 8.1%

NET ABSORPTION / COMPLETIONS

12.0

Historical Average = 8.1%

14.0%

10.0

12.0%

8.0

10.0%

6.0

8.0%

Millions

6.0%

4.0

4.0%

2.0

2.0%

0.0

2011

2012

2013

2014

2015

2016

2017

2018 YTD2019

0.0%

OVERALL NET ABSORPTION COMPLETIONS

2011

2012

2013

2014

2015

2016

2017

2018

YTD2019

OVERALL VACANCY RATE

HISTORICAL AVERAGE

Q2 2019

69