GLP Park 121_Presentation_February 2019

DFW INDUSTRIAL

VACANCY

MARKET SUMMARY

2010 2011

2012 2013 2014 2015 2016 2017

2018

15-Year Historical Average = 9.2%

14.0%

614.9 616.9 619.0 626.4 643.5 663.1 684.3 713.5

741.3

Inventory (MSF)

15-YEAR HISTORICAL AVERAGE = 9.2%

12.0%

2.9 12.5 12.1

17.4 15.6 20.2 23.7 25.9

22.9

Overall Net Absorption (MSF)

10.0%

12.1% 10.4% 8.7% 7.0% 7.1% 6.8% 6.0% 6.5%

7.1%

Overall Vacancy

8.0%

1.5

2.0

2.1

7.4

17.1

19.6 21.2 29.2

26.9

Completions (MSF)

6.0%

1.4

2.0 4.0 13.9 16.6 20.3 26.6 19.3

21.7

Under Construction (MSF)

4.0%

2.0%

0.0%

Q4 2010 Q4 2011

Q4 2012 Q4 2013 Q4 2014 Q4 2015 Q4 2016 Q4 2017 Q4 2018

DFW INDUSTRIAL SUBMARKET LEADERS AT YEAR-END ARE GREAT SOUTHWEST, SOUTH DALLAS, DFW AIRPORT & NORTH FW/ALLIANCE WITH NET ABSORPTIONS OF 9.7 MSF, 6.4 MSF, 2.8 MSF AND 2.3 MSF, RESPECTIVELY

OVERALL VACANCY RATE

HISTORICAL AVERAGE

CUSHMAN & WAKEFIELD 12