Industrial Mid-Year Report_Q2 2019_FINAL

Cushman &Wakefield Dallas/Fort Worth

Richardson/Plano

OBSERVATIONS & TRENDS

75

380

• Higher finish, flex, tech and data center type product

M

380

• Proximity to white-collar, educated work force

FRISCO

• Existing building stock is 20 years old on average and a limited number of available land sites for infill development • Plano restricts building design to limit the number of dock doors through its RT zoning –– Jackson Shaw delivered Parc Northeast in Richardson, a 434,640 SF development in four buildings on Telecom Parkway – it is outside the RT zoning boundary and currently 10% leased –– The Home Depot leased the remaining 85K SF at Frisco Park 25, 160K SF speculative rear-load building at 8655 Corporate Drive in Frisco 30 SELECT NEW DEVELOPMENTS

ALLEN

75

PLANO

RICHARDSON/PLANO

MURPHY

ADDISON

RICHARDSON

ROLLTON

5E

75

ARMERS RANCH

635

635

12

12

HIGHLAND PARK

35E

30

75

DALLAS

80

MARKET SUMMARY 30

35E

FORNEY

45

2011

2012 2013 2014 2015 2016 2017 2018 YTD 2019 20

12

175

BALCH SPRINGS

12

20

32.9

33.1

33.5

34.0

34.2

34.5

34.9

35.3

36.0

Inventory (MSF) 35E

HUTCHINS

67

175

ILLE

Overall Net Absorption (MSF) 45

129,543 561,409 868,944

1.4

628,517 98,843 462,325 234,913 157,120

DESOTO

LANCASTER

11.9% 11.1% 9.6% 6.8% 6.4% 6.1% 7.4% 6.7% 8.4%

WILMER

Overall Vacancy 35E

0

315,974 432,155 474,540 531,049

0

965,970 284,908 738,740

Completions (MSF)

Under Construction (MSF)

194,606 207,155 45,000 326,205

0

659,970

0

738,740 240,654

86 Q2 2019