DFW industrial market sets record says CBRE

DALLAS-FORT WORTH – CBRE has released its DFW Industrial MarketView First Quarter 2017 report. 

Industrial occupier demand in 1Q 2017 kept pace with 2016, as the DFW Industrial Market absorbed 5.3 million sf.

First quarter 2017 was a quarterly record for new product delivery, when 9.8 million sf was delivered to market—a market record for deliveries in a single quarter.

DFW market deliveries were 36.5 percent preleased.

The under construction pipeline has narrowed to 16.9 million sf, a significant reduction from 1Q 2016 when 21.4 million sf of product was under construction.