Industrial Mid-Year Report Q2 2020

35E

121

FLOWER MOUND

MURPHY

Cushman &Wakefield Dallas/Fort Worth

ADDISON

KE

RICHARDSON

CARROLLTON

35E

121

75

GRAPEVINE

635

30

Redbird FARMERS BRANCH 635 114 360

EYVILLE

635

114

121

12

12

DFORD

HIGHLAND PARK

EULESS

35E

OBSERVATIONS & TRENDS 30

183

IRVING

75

DALLAS

• Submarket characterized by mature product and competitive rates • New supply during this cycle has occurred in the Mountain Creek area, along I-20 at Spur 408, and has experienced impressive leasing velocity • Submarket is located with proximity to large blue-collar labor pool HUTCHINS BALCH SPRINGS FORNEY 20 20 80 175 175 – Crow Holdings Industrial was selected through a competitive bid process to purchase a 175-acre site located in Mountain Creek on the SWC of TX Spur 408 & Grady Niblo Road. The site is under contract and must be rezoned but can accommodate up to about 2.4 msf at full build-out. – Geodis leased 280k sf in LBA’s Southwest Distribution Center, a second-generation cross-dock located at 5450 W Kiest Boulevard. WILMER SELECT MARKET ACTIVITY & NEW DEVELOPMENTS 45

360

30

30

GRAND PRAIRIE

ARLINGTON

12

35E

45

12

12

REDBIRD

20

20

67

35E

DUNCANVILLE

360

DESOTO

LANCASTER

NSFIELD

67

35E

MARKET SUMMARY

2012 2013 2014 2015 2016 2017 2018 2019 YTD 2020

18.5

18.5

18.8

20.1

22.1

22.1

22.3

23.2

23.2

Inventory (MSF)

Overall Net Absorption (MSF)

618,297 504,087 402,613 957,497

1.6

919,300 152,953 842,713 299,000

7.1% 4.4% 4.0% 5.5% 7.0% 2.8% 2.6% 3.9% 2.5%

Overall Vacancy

44,200

0

352,572

1.3

2.0

0

154,960 863,328

0

Completions (MSF)

Under Construction (MSF)

0

352,572 630,000

2.0

0

0

0

0

0

82 Q2 2020