Industrial Mid-Year Report Q2 2020

Cushman &Wakefield Dallas/Fort Worth

Allen/McKinney

OBSERVATIONS & TRENDS

75

• Located on the northeastern most edge of the DFW market surrounded by heavy residential population • Most new supply to this submarket comes from shallow bay and single load product • Proximity to residential rooftops has motivated planning and ground breaking of several new speculative developments – Amazon signed a 201k sf build-to-suit deal with Stonemont Financial Group for a delivery facility on the SEC of Industrial Boulevard and Airport Boulevard in McKinney. – Core5 Industrial Partners and TCD have poured slabs on SELECT MARKET ACTIVITY & NEW DEVELOPMENTS:

380

ALLEN/MCKINNEY

ALLEN

75

MURPHY

RICHARDSON

75

30

30 – ML Realty’s McKinney Trade Center is set to deliver in Q3. The three-building speculative project located at the NWC of N McDonald Street & Wilmeth Road consists of a 106k sf cross-dock, a 112k sf rear-load and a 96k sf rear-load. – HLC Investments has plans to break ground on McKinney Logistics Center, a 193k sf speculative cross-dock located at 2161 Redbud Boulevard in McKinney. 80 the first phase of Core5 McKinney Logistics Center, two speculative rear-load buildings (302k & 130k sf). The 65-acre project is located on the west side of N McDonald Street, just south of Bloomdale Road. Future phases for the project consist of an additional 1 msf of product.

635

2

AND K

LLAS

FORNEY

MARKET SUMMARY 12

45

175

20

BALCH SPRINGS

20

2012 2013 2014 2015 2016 2017 2018 2019 YTD 2020

HUTCHINS

175

9.3

9.3

9.4

9.4

9.9

10.0

10.5

10.8

10.8

Inventory (MSF)

45

Overall Net Absorption (MSF) WILMER

32,900 194,810 499,072 338,526 470,371 106,799 147,478 276,867 73,234

LANCASTER

15.8% 13.8% 8.0% 3.1% 2.3% 3.4% 6.5% 7.4% 6.2%

Overall Vacancy

0

66,000 117,261

0

423,927 198,000 455,722 250,454

0

Completions (MSF)

Under Construction (MSF)

66,000 117,261

0

291,620 108,000 140,000 30,954 919,165 919,165

30 Q2 2020