DALLAS – Last quarter marks over two and a half years of consecutive quarterly positive net absorption for the North Texas industrial market, reports CBRE.
Net absorption hit nearly six million sf in the second quarter. Year-to-date absorption was just under ten million sf, consistent with mid-year levels over the past three years.
Vacancy remained steady at 5.8 percent as 6.4 million sf of industrial space was delivered.
Nearly 22.3 million sf are under construction in the Dallas-Fort Worth market with 7.9 million sf of new starts tracked last quarter alone.
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