IRR industrial Dallas viewpoint 2015IRR industrial Dallas viewpoint 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=10792015-05-08T14:47:00Z2015-05-08T00:00:00Z

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.

Dallas Industrial Snapshot 2015
  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.

See DFW Market Research and DFW Industrial NewsTalk.

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