DFW leads U.S. in 1Q industrial leasingDFW leads U.S. in 1Q industrial leasinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=10422015-05-12T09:59:00Z2015-05-12T00:00:00Z

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
Net Absorp.
Inventory Overall
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
http://bizbeatblog.dallasnews.com/2015/04/d-fw-leads-nation-in-first-quarter-warehouse-leasing.html/Read more at {Source}

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