|JLL "COW": DFW industrial pipeline hitting records, yet no cause for concern||JLL "COW": DFW industrial pipeline hitting records, yet no cause for concern||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=12849||2016-04-19T05:00:00Z||2016-04-19T20:25:00Z|
DALLAS-FORT WORTH - JLL has released the Chart of the Week (COW). Now that the first quarter industrial numbers are compiled and published, JLL had an opportunity to take a look at how DFW is stacking up.
Overall, vacancy is still near the low point and rent pressures continue.
The one number that does jump out is our construction pipeline. At 24 million sf, we are at the top of what we have seen historically.
We can counter the high level of construction with arguments like, “our inventory base is larger, so construction activity would naturally go up."
In our (JLL) view, that is really not the point. In fact, looking at our long-term development patterns, at 4.5 percent, our percent of inventory that is under construction is still quite high—that number has typically averaged 3.2 percent during past expansion cycles.
The issue here is continuing demand. As we sit here in early 2016, demand seems solid with good first quarter numbers and a pipeline of tenants in the market.
|JLL||Dallas-Fort Worth-Arlington||Industrial|| http://www.jllblog.com/sixty-by-eighty/2016/04/15/chart-week-impact-dfws-record-level-industrial-pipeline/|
Click to check out Industrial in Dallas-Fort Worth Market Research!