CBRE: industrial vacancy down, net absorption positiveCBRE: industrial vacancy down, net absorption positivehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=197442018-04-18T05:00:00Z2018-04-18T22:00:00Z

​​​​​DALLAS-FORT WORTH – First quarter 2018 marks the 30th consecutive quarter of positive net absorption for the industrial market, according to CBRE’s DFW Industrial 1Q 2018 report.

During 1Q 2018, 2.3 million sf was added to the industrial market, with over 50 percent of this space pre-committed.

With 3.9 million sf taken by occupiers during 1Q 2018 the vacancy rate dropped 64 basis points over the quarter to sit at 5.8 percent by the end of March 2018.

Population growth drives demand for warehouse space, and DFW is predicted to have an average annual residential growth rate of 1.9 percent over the next five years, or 391 new people per day.DFW Industril 1Q 2018 Vacancy, Construction,Completions, and Net Absorption data

Dallas-Fort Worth-Arlington

​​Click here to view CBRE's DFW Industrial 1Q 2018 report.

Also see CBRE's DFW Retail 1Q 2018 report.

Check out more DFW Industrial Market Research.

Source: {Source}

 Search NewsTalk Texas