Industrial Mid-Year Report_Q2 2019_FINAL

FRISCO

Cushman &Wakefield Dallas/Fort Worth

ALLEN

D

75

E

PLANO

Pinnacle/Turnpike MURPHY 121

35E

ADDISON

OBSERVATIONS & TRENDS

RICHARDSON

CARROLLTON

35E

1

75

• Attractive because of its access to dense blue-collar labor populations and location between Downtown Dallas and DFW International Airport • While Turnpike is comprised of mostly older product with lower clear heights, narrow/shared truck courts and limited loading and trailer parking capabilities, Pinnacle’s building stock is newer and offers more modern amenities • Recent increase of construction activity and quick lease up of new supply 30 30

635

FARMERS BRANCH

114

635

635

114

12

12

HIGHLAND PARK

35E

183

IRVING

75

DALLAS

80

PINNACLE/ TURNPIKE

SELECT NEW DEVELOPMENTS & MARKET ACTIVITY –– Inmar leased 355K SF at Grand Lakes Distribution Center, a FORNEY

30

GRAND PRAIRIE

–– Ironwood Realty Partners and USAA’s Grand Lakes Commerce Center, a speculative 193K SF rear-load building is expected to deliver before year-end –– Hillwood’s 855K SF BTS for Amazon at Commerce 30, located at I-30 and Chalk Hill Rd in Dallas is expected to deliver by the end of 2019 –– Heitman purchased 4025 I-30 in a forward, a speculative 296K SF front load building in Grand Lakes expected to deliver by the end of 2019

12

35E

45

636K SF second gen cross-dock building at 3845 Gifford Street in Grand Prairie –– Thrift Books leased 178K SF at Nuveen’s Pinnacle Industrial Center, a 356K SF second-gen rear load building at 4445 Rock Quarry Road –– Hillwood’s two speculative cross dock buildings (672K SF and 609K SF) at Commerce 30 are expected to deliver year end 2019/early 2020 WILMER BALCH SPRINGS 20 175

12

175

12

20

20

HUTCHINS

67

35E

DUNCANVILLE

45

DESOTO

LANCASTER

67

35E

MARKET SUMMARY

2011

2012 2013 2014 2015 2016 2017 2018 YTD 2019

25.5

25.7

25.7

25.7

26.3

26.8

27.6

27.8

27.8

Inventory (MSF)

Overall Net Absorption (MSF)

1.0

(226,121)

1.1

118,462

2.1

198,619 272,017

-1.1

701,032

10.4% 12.0% 7.7% 7.2% 1.6% 2.9% 4.5% 9.0% 6.7%

Overall Vacancy

0

204,762

0

0

620,445 556,613 733,241 189,200 12,000

Completions (MSF)

Under Construction (MSF)

204,762

0

0

620,445 264,413 733,241 189,200

2.2

2.6

78 Q2 2019

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