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Industrial report midyear 2014 Marcus & MillichapIndustrial report midyear 2014 Marcus & Millichaphttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=39242014-06-16T08:21:00Z2014-06-16T00:00:00Z

DALLAS-FORT WORTH - The Metroplex’s economy is running on all cylinders, which will boost industrial operations through the end of the year. Occupancy and rents are already above prerecession highs, and further gains in the coming months are anticipated. Several large distribution centers are underway and being met with sufficient demand at this stage.

Nationally, the industrial landscape is being redefined by surging demand from e-commerce, traditional retailers, the manufacturing sector and third-party logistics providers.

Naturally, distribution and logistics centers in transportation corridors benefited and development has accelerated near maritime ports. Demand has focused on the limited supply of quality, highly efficient assets, pushing rent growth for Class A warehouses well above the national average in many of the gateway and hub markets.

Industrial Research Market Report Midyear 2014*
MSA Vacancy Asking Rent
per SF
Completions*
(000s of SF)
Employment
Growth
  2013 2014*** 2013 2014*** 2013 2014*** 2013 2014***
Dallas-Fort Worth 7.2% 6.5% 4.21 4.46 7,270 17,000 2.4% 3.0%
Riverside-San Bernardino 5.2% 5.1% 4.46 4.7 9,993 15,500 3.7% 2.2%
Houston 5.0% 5.2% 5.74 6.06 7,300 8,000 2.8% 3.3%
Chicago 9.3% 8.5% 4.75 4.94 7,802 5,800 1.5% 1.8%
Phoenix 13.0% 11.5% 6.4 6.75 5,167 4,900 2.8% 2.6%

*Top Five Cities for Completions
** Ranked by completions
***Forecast

For the full report, please see Industrial Research Market Report Midyear 2014 (PDF) under Industrial in Dallas-Fort Worth-Arlington Market Data Sources.

Marcus & Millichap Real Estate Investment Services
Dallas-Fort Worth-Arlington
Industrial
http://www.marcusmillichap.com/researchRead more at {Source}

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