Jan 13, 2014
Transwestern: DFW industrial 4Q 2013
DALLAS-FORT WORTH - Delta Associates and Transwestern have released the latest DFW Outlook for office and industrial space for year-end 2013. Here’s the latest for the industrial market: The industrial...
DALLAS-FORT WORTH – Delta Associates and Transwestern have released the latest DFW Outlook for office and industrial space for year-end 2013. Here’s the latest for the industrial market:
The industrial market saw robust growth with:
• Net absorption in 4Q 2013 at 7.7 million sf, 16.4 million sf in all of 2013;
• Overall vacancy rate: 7.3 percent, down from 7.8 percent at 3Q 2013 and 9.2 percent a year ago; and
• Asking rents increasing 6.2 percent during 2013.
| December 2013 | Direct Vacancy Rate, End of: | Net Absorption (SF) | ||||||
| Submarket | Total Rentable SF | SF Under Construction | 2011 | 2012 | 2013 | 2011 | 2012 | 2013 |
| Dallas – Flex / High-Tech | 79,235,079 | 318,000 | 13.4% | 14.8% | 11.8% | 328,000 | -327,000 | 925,000 |
| Dallas – Manufacturing | 49,552,566 | 729,833 | 5.6% | 6.3% | 5.8% | -40,000 | -461,000 | 1,160,000 |
| Dallas – Warehouse / Distribution | 346,035,756 | 4,846,869 | 10.2% | 8.9% | 7.1% | 8,701,000 | 4,077,000 | 8,241,000 |
| Fort Worth – Flex / High-Tech | 25,435,175 | – | 12.8% | 11.8% | 12.6% | -322,000 | 345,000 | 110,000 |
| Fort Worth – Manufacturing | 23,036,969 | – | 2.2% | 2.6% | 2.3% | 744,000 | -46,000 | 208,000 |
| Fort Worth – Warehouse / Distribution | 209,308,904 | 2,961,611 | 10.0% | 7.9% | 5.6% | 4,441,000 | 4,702,000 | 5,802,000 |
For Transwestern’s DFW office stats, check out Newstalk Texas.
For the entire report and others, visit DFW Market Data Sources.
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