Industrial Mid-Year Report Q2 2020

Cushman &Wakefield Dallas/Fort Worth

Richardson/Plano/Frisco

OBSERVATIONS & TRENDS

75

380

• Higher finish, flex, tech and data center type product

LM

380

• Proximity to white-collar, educated work force

FRISCO

• Existing building stock is 20 years old on average and a limited number of available land sites for infill development • Plano restricts building design to limit the number of dock doors through its RT zoning

ALLEN

75

PLANO

RICHARDSON/PLANO

MURPHY

ADDISON

SELECT MARKET ACTIVITY & NEW DEVELOPMENTS

RICHARDSON

RROLLTON

35E

– Amazon signed a 201k sf build-to-suit deal with Blue Star Land for a delivery facility located at the NWC of Gateway Drive and Corporate Drive within Star Business Park in Frisco.

75

30

FARMERS BRANCH

635

635

12

12

FORNEY – Provident Realty delivered Plano Commerce Center; a speculative two-building project (90k & 86k sf rear-loads) located at 2900 E Plano Parkway in Plano. Building B (86k sf) was 100% pre-leased. HIGHLAND PARK – Blue Star Land delivered Star Commerce Center II, a speculative 143k sf rear-load located at 16005 Gateway Drive within Star Business Park in Frisco. – Core5 Industrial Partners delivered a 237k sf build-to-suit facility for Shutterfly. The project is located at 4012 14th Street in Plano. DALLAS 45 30 35E 12 75 80 175

35E

30

2

20

BALCH SPRINGS

12

20

HUTCHINS

67

35E

175

MARKET SUMMARY

VILLE

45

DESOTO

LANCASTER

2012 2013 2014 2015 2016 2017 2018 2019 YTD 2020

WILMER

35E

33.1

33.5

34.0

34.2

34.5

34.9

35.3

36.1

36.8

Inventory (MSF)

Overall Net Absorption (MSF)

561,409 868,944

1.4

628,517 98,843 462,325 234,913 267,898

1.0

11.1% 9.6% 6.8% 6.4% 6.1% 7.4% 6.7% 8.4% 7.1%

Overall Vacancy

315,974 432,155 474,540 531,049

0

965,970 284,908 806,310 964,565

Completions (MSF)

Under Construction (MSF)

207,155 45,000 326,205

0

659,970

0

738,740 821,772 402,946

86 Q2 2020