Industrial Mid-Year Report Q2 2020

Cushman &Wakefield Dallas/Fort Worth

Far North/I-35

OBSERVATIONS & TRENDS 75

DENTON

380

35

• The submarket boundaries span from northern Lewisville (NE of I-35E and SH 121) to Denton, including the merging point of I-35W and I-35E 380

35E

LITTLE ELM

CORINTH

35W

FRISCO

ALLEN

• Submarket surrounded by heavy residential population 75

FAR NORTH I-35

HIGHLAND VILLAGE

PLANO

• Proximity to the expansion of Northern DFW, rooftops and Interstate 35 drives demand SELECT MARKET ACTIVITY & NEW DEVELOPMENTS – First Industrial’s second phase of First Park 121 is underway with Building E, a 434k sf cross-dock building located at 1901 Midway Road in Lewisville. It is 76% pre-leased. MURPHY RICHARDSON 30 635 75

35E

121

FLOWER MOUND

ROANOKE

114

ADDISON

SOUTHLAKE

CARROLLTON

35W

35E

121

GRAPEVINE

635

FARMERS BRANCH

114

KELLER

635

NORTH RICHLAND HILLS

360

COLLEYVILLE

114

121

12

12

EULESS – Exeter’s Westpark 1, a 648K SF speculative cross-dock building located at 3101 W Oak Street in Denton, is expected to deliver in Q3. – Ironwood & Scannell’s first phase of Denton Crossing @ I-35, located on Western Boulevard in Denton, is set to deliver before year-end. Phase I consists of two speculative buildings, a 398k sf cross-dock and a 127k sf rear-load. Phase II can accommodate up to 700k sf of additional product. IRVING BEDFORD ARLINGTON GRAND PRAIRIE HIGHLAND PARK DALLAS 30 820 35E 35E 30 30 12 360 183 183 75 80

HALTOM CITY

35W

121

WORTH

FORNEY

45

12

175

287

20

BALCH SPRINGS

12

20

820

20

20

HUTCHINS

67

35E

175

20

DUNCANVILLE

287 MARKET SUMMARY

FOREST HILL

45

360

35W

DESOTO

LANCASTER

WILMER

MANSFIELD

67

35E

2012 2013 2014 2015 2016 2017 2018 2019 YTD 2020

17.7

17.8

18.1

18.2

18.9

20.2

20.8

21.7

21.7

Inventory (MSF)

Overall Net Absorption (MSF)

457,710 122,750 532,043 146,188 490,918

1.8

314,006 494,194 97,151

7.2% 7.0% 5.0% 4.7% 5.9% 2.8% 4.5% 5.0% 4.4%

Overall Vacancy

182,125 102,719 231,615 105,004 724,868

1.3

587,198 784,756

0

Completions (MSF)

Under Construction (MSF)

74,219 133,787 105,004 377,670

1.3

565,775 564,756

1.2

1.7

50 Q2 2020