CBRE: DFW industrial report 4Q 2014
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.
| 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
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