IRR industrial Dallas viewpoint 2015
DALLAS – The strength of the local economy — due largely to high employment, strong population growth, and expanding business — continues to drive the industrial property sector into the expansion phase of the market cycle.
The overall vacancy rate has been on a steady decline since 2010 and will likely continue in this direction through this year.
Rental rates are increasing for both warehouse/distribution space and flex space properties and should continue through 2015.
South Dallas County continues to experience a construction boom in the industrial sector.
Notable development in this area includes Trammell Crow Co.’s 700,000-sf JJ Lemmon Distribution Center (estimated to be completed in 2015) and 1.6 million sf of warehouse space to be constructed by real estate developer Prologis.
Dallas’ growing reputation as a distribution hub is helping stimulate demand and should continue to drive the expansion of the Dallas industrial market.
| Class A | Flex | |
| Vacancy rate | 7.1% | 9.8% |
| Market rent ($/SF) | $4.10 | $9.40 |
| Absorption (SF) | 4,785,000 | 250,000 |
| Construction (SF) | 10,154,000 | |
Click for the full PDF of the Integra Industrial Annual Viewpoint 2015.
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