DFW leads U.S. in 1Q industrial leasing | DFW leads U.S. in 1Q industrial leasing | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=1042 | 2015-05-12T09:59:00Z | 2015-05-12T00:00:00Z |
DALLAS-FORT WORTH - The Dallas-Fort Worth area led the country in net industrial building leasing in first quarter 2015, according the latest U.S. Snapshot by Cushman & Wakefield.
Expanding and relocating tenants rented a net 6 million sf of warehouse and distribution space in North Texas in the first three months of 2015.
In all but a few markets, absorption continues to surpass construction or new supply, creating a healthy balance between recovering supply and demand.
“Market fundamentals continue to be strong, driven by a resilient economy, good job creation and a relatively strong housing market,” said Cushman & Wakefield’s John Morris. “But the biggest requirement stems from the need for facilities to satisfy the continued growth in e-commerce activity.”
Less than 7 percent of the nation’s warehouse space was empty at the end of the first quarter — the lowest vacancy rates in more than a decade for the U.S. industrial market.
Industrial Snapshot 1Q 2015
Market |
YTD
Direct
Net Absorp. |
Inventory |
Overall
Vacancy
Rate |
Under
Const. |
Dallas-Fort Worth, TX |
6,030,939 |
546,027,052 |
8.3% |
11,974,046 |
Inland Empire, CA |
3,297,321 |
456,830,893 |
6.1% |
17,653,847 |
Atlanta, GA |
3,254,415 |
523,462,425 |
7.7% |
16,874,189 |
Philadelphia, PA |
2,247,013 |
282,128,823 |
5.3% |
2,983,303 |
Read more at the Dallas Morning News.
Here's the full U.S. Industrial Cushman & Wakefield 1Q 2015 report.
| Dallas Morning News
| Dallas-Fort Worth-Arlington
| Industrial
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