Industrial Mid-Year Report Q2 2020

Cushman &Wakefield Dallas/Fort Worth

75

380

DENTON

380

35

35E

LITTLE ELM

380

CORINTH

35W

South Fort Worth PLANO ALLEN FRISCO HIGHLAND VILLAGE 75

287

35E

121

FLOWER MOUND

114

MURPHY

ROANOKE

114

ADDISON

OBSERVATIONS & TRENDS RICHARDSON

SOUTHLAKE

CARROLLTON

35W

35E

121

75

GRAPEVINE

287

635

30

FARMERS BRANCH

114

KELLER

635

• Area is characterized by mature product and manufacturing uses 635 12

NORTH RICHLAND HILLS

360

COLLEYVILLE

114

121

12

BEDFORD

SAGINAW

HIGHLAND PARK

EULESS

35E

30

199

183

183

HALTOM CITY

IRVING

820

75

• Several developers have acquired sites for new warehouse/ distribution projects • Available land and location at the intersection of I-20 and I-35 W are driving development, as well as access to blue- collar labor • At mid-year, South Fort Worth has 3 msf of new inventory under construction, 77% (2.3 msf) of which is speculative product • Looking ahead, expect to see a vacancy increase before year-end as the majority of the submarket’s 3 msf of new product currently under construction delivers LANCASTER HUTCHINS WILMER BALCH SPRINGS FORNEY 20 45 45 20 12 80 175 175

820

35W

DALLAS

121

360

30

30

WHITE SETTLEMENT

GRAND PRAIRIE

ARLINGTON

12

FORT WORTH

35E

30

20

30

820

287

12

20

820

20

20

67

35E

20

DUNCANVILLE

BENBROOK

FOREST HILL

287

377

360

35W

DESOTO

SOUTH FORT WORTH

MANSFIELD

67

35E

MARKET SUMMARY

2012 2013 2014 2015 2016 2017 2018 2019 YTD 2020

26.2

26.2

26.2

26.3

26.4

26.9

27.2

27.9

27.9

Inventory

Overall Net Absorption (MSF)

(31,163)

1.1

(784,487) 14,182 959,828

-1.2

1.1

244,882 757,130

5.9% 2.0% 5.0% 5.3% 1.9% 8.1% 4.8% 7.0% 5.1%

Overall Vacancy

0

56,097

0

95,550

78,419 488,564 308,061 754,585

0

Completions (MSF)

Under Construction (MSF)

56,097

0

58,450

58,419

0

308,061 754,585

1.3

3.0

96 Q2 2020