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CBRE: DFW industrial report 4Q 2014CBRE: DFW industrial report 4Q 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=20112015-01-13T14:22:00Z2015-01-13T00:00:00Z

DALLAS-FORT WORTH - In fourth quarter 2014, North Texas’ industrial market posted a positive net absorption. It was the 17th straight quarter in which absorption was positive, according to CBRE.

Net absorption was 2.3 million sf, down from 3.8 million sf in 3Q 2013.

The industrial market experienced its first vacancy in two years. Both the direct and total vacancy rates rose to 6.8 percent and 6.9 percent, respectively. The rate increased primarily due to vacant delivered construction.

Deliveries totaled six million sf in 4Q 2014, a 20 percent increase from 3Q 2014’s five million-sf output. It was the largest amount delivered in DFW since 4Q 2001.

DFW Industrial Market Statistics 4Q 2014
Market Rentable
Area SF
Vacancy
Rate
4Q Net
Absorption
(SF)
2014 Total
Absorption
(SF)
DFW Airport 66,272,613 5.5% 304,275 1,557,296
East Dallas 36,448,540 8.0% 409 64,060
Northeast Dallas    97,424,731 7.9% 1,191,002 3,641,410
Northwest Dallas 101,555,819 7.6% 93,963 349,392
South Dallas 50,262,629 10.2% 167,964 3,537,359
South Stemmons 121,157,920 7.8% 122,260 -1,653,307
Great SW / Arlington 93,924,618 5.1% 698,355 3,680,745
North Fort Worth 71,555,527 5.6% 219,914 1,573,894
South Fort Worth 72,391,096 4.6% -512,931 110,764
Dallas totals 473,122,252 7.8% 1,879,873 7,496,210
Fort Worth totals 237,871,241 5.1% 405,338 5,365,403
Market totals 710,993,493 6.9% 2,285,211 12,861,613


Source: CBRE Research

tag: DFW industrial news

CBRE
Dallas-Fort Worth-Arlington
Industrial
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