Industrial Mid-Year Report Q2 2020

H

FRISCO

Cushman &Wakefield Dallas/Fort Worth

ALLEN

HLAND LAGE

75

PLANO

Brookhollow/Trinity 121

35E

MURPHY

ADDISON

OBSERVATIONS & TRENDS

RICHARDSON

CARROLLTON

35E

121

75

E

• Most of the Brookhollow/Trinity’s building stock was built several cycles ago and struggles to meet modern day supply chain and distribution demands • Demand in this submarket is driven by companies with smaller operations and/or local, last mile fulfillment and distribution • The majority of the submarket’s tenant base occupies smaller spaces, ranging from 10K SF to 50K SF • This infill submarket is primarily built-out and new supply isn’t likely until vacancy increases and developers can make sense of redeveloping old product 30 30 80

635

FARMERS BRANCH

114

635

635

114

12

12

HIGHLAND PARK

35E

183

BROOKHOLLOW/ TRINITY

IRVING

75

DALLAS

30

GRAND PRAIRIE

12

35E

FORNEY

45

12

175

SELECT MARKET ACTIVITY & NEW DEVELOPMENTS: 20

BALCH SPRINGS

12

20

– LINK plans to break ground next quarter on a speculative basis on Building 3 at Cornerstone Crossing. The new development is a 109k sf front-load building at 9749 Clifford Drive in Dallas. 175

20

HUTCHINS

67

35E

DUNCANVILLE

45

DESOTO

LANCASTER

WILMER

MARKET SUMMARY 35E 67

2012 2013 2014 2015 2016 2017 2018 2019 YTD 2020

47.9

47.9

48.3

48.3

48.3

48.3

48.8

49.1

49.1

Inventory (MSF)

Overall Net Absorption (MSF)

137,953 245,991

1.2

572,730 532,986 64,042 20,578 (349,467) 254,564

7.0% 6.6% 4.7% 3.5% 2.4% 2.2% 2.1% 2.8% 2.3%

Overall Vacancy

0

34,400 353,161

0

0

0

0

0

0

Completions (MSF)

Under Construction (MSF)

139,561 185,161

0

0

0

0

0

0

0

40 Q2 2020