Johns Manville RFQ

Request for Qualifications

DFW INDUSTRIAL MARKET

717,443,390 sf

TOTAL DFW INVENTORY

79,348,725 sf

TOTAL DFW MANUFACTURING INVENTORY

VACANCY R AT E S CONSTRUCTION The Dallas -Fort Worth industrial market continues to tighten, closing Q1 2018 with a vacancy rate of 6.4% . This marks a 10 bps decrease when compared to the 6.5% rate at the end of Q1 2016. Manufacturing closed Q1 2018 with a vacancy rate of 2.4% . This marks a 80 bps decrease when compared to the 3.2% rate at the end of Q1 2016. • Total Market Vacancy has Decreased by 1.5% since Q1 2016 • Manufacturing Vacancy has Decreased by 25% since Q1 2016 Overall net average asking lease rates continue to climb, ending the quarter at $5.40 per square foot (psf) on an annual basis. This represents an impressive 8.9% jump compared to Q1 2017 ($4.96 psf). Among industrial product types, year-over-year asking rents for Manufacturing space were up 12.2%, from $3.76 psf to $4.22 psf, while rates for Warehouse/Distribution remained static at $4.27 psf. Office/flex asking experienced the only decrease in rates, from $9.63 psf to $9.13 psf. Cushman & Wakefield is tracking an additional 55 properties under construction totaling 20.2 msf. Of this, about half, or 10.7 msf, is expected to be completed by midyear. Based on current demand, however, the overall vacancy rate is not expected to increase COMPLETIONS: TOTAL MARKET 2016: 21,154,113 sf 2017: 29,208,294 sf 2018: 3,077,808 sf MANUFACTURING 2016: 1,045,263 sf 2017: 796,948 sf 2018: 161,000 sf

JOHNS MANVILLE | CUSHMAN & WAKEFIELD 15

Made with FlippingBook - professional solution for displaying marketing and sales documents online