CoStar: DFW industrial deliveries, construction 4Q 2014

DALLAS-FORT WORTH – During 4Q 2014, 19 buildings totaling 6,965,084 sf were completed in North Texas, up from 16 buildings totaling 1,971,921 sf that were completed in 3Q 2014.

There were 17,399,649 sf of industrial space under construction at the end of 4Q 2014.

Some of the notable 2014 deliveries include PepsiCo’s 1,224,688-sf facility that delivered in 1Q 2014 and is now 100 percent occupied and Southfield Park 35 – Building 1, a 1,126,320-sf building that delivered in 4Q 2014 and is not occupied.

The largest projects underway at the end of 4Q 2014 were Georgia Pacific’s 1,608,588-sf building with 100 percent of its space pre-leased and Dalport Trade Center – Building 5, a 1,400,000-sf facility that is 100 percent preleased.

Total industrial inventory in DFW amounted to 802,075,462 sf in 20,309 buildings as of the end of 4Q 2014.

• Flex sector consisted of 136,071,663 sf in 6,954 projects;
• Warehouse sector consisted of 666,003,799 sf in 13,355 buildings.

Within the industrial market there were 3,381 owner-occupied buildings accounting for 219,118,459 sf of industrial space.

This trend is compared to U.S. National Industrial deliveries and construction, which saw 240 buildings totaling 41.8 million sf complete construction, with an additional 164.7 million sf of industrial space still under construction at the end of 4Q.

For more on industrial and other sectors, check out Dallas-Fort Worth-Arlington Market Research.