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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.

Company News Release
Dallas-Fort Worth-Arlington
Industrial
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