Industrial Mid-Year Report_Q2 2019_FINAL

Industrial Insider Mid-Year Report

YEAR-TO-DATE - South Dallas

OVERALL NET ABSORPTION UNDER CONSTRUCTION 646K SF 19.8% 404K SF 2.5MSF OVERALL VACANCY COMPLETIONS

MARKET SUMMARY

2011

2012 2013 2014 2015 2016 2017 2018 YTD 2019

22.1

23.1

24.3

28.2

33.9

37.8

45.1

53.9

54.3

Inventory (MSF)

Overall Net Absorption (MSF)

1.6

2.2

736,902

1.9

5.2

4.2

3.2

6.4

646,458

13.5% 7.9% 9.3% 15.3% 14.3% 12.2% 19.2% 20.4% 19.8%

Overall Vacancy

1.1

1.0

1.2

3.9

5.7

3.9

7.3

8.8

404,157

Completions (MSF)

Under Construction (MSF)

1.0

653,582

2.8

5.4

5.4

7.4

7.4

1.3

2.5

COMPLETIONS / NET ABSORPTIONS

VACANCY

Historical Average = 15.2% HISTORICAL AVERAGE = 15.2%

NET ABSORPTION / COMPLETIONS

25.0%

10.0

9.0

20.0%

8.0

7.0

15.0%

6.0

5.0

Millions

10.0%

4.0

3.0

5.0%

2.0

1.0

0.0%

0.0

2011

2012

2013

2014

2015

2016

2017

2018 YTD2019

2011

2012

2013

2014

2015

2016

2017

2018 YTD2019

OVERALL NET ABSORPTION COMPLETIONS

OVERALL VACANCY RATE

HISTORICAL AVERAGE

Q2 2019

91