Where oh where has our warehouse gone?Where oh where has our warehouse gone?https://www.recenter.tamu.edu/news/newstalk-texas/?Item=53412014-01-07T09:42:00Z2014-01-07T09:00:00Z

DALLAS-FORT WORTH - North Texas industrial building vacancies have dropped to the lowest point in more than 20 years. And developers are busy starting work on dozens of new projects to meet the demand for warehouse space in the DFW area.

Overall warehouse vacancy in the area is now less than 6 percent — the lowest level in more than 20 years, researchers at Jones Lang LaSalle say.

North Texas’ industrial real estate market is one of the strongest in the nation. Developers are building more than 10 million sf of additional industrial space.

That’s a good trend, because major retailers and manufacturers including Quaker Foods, Restoration Hardware, automaker BMW, Ace Hardware and more are all increasing their warehouse footprint in the DFW area.

During just fourth quarter 2013, net industrial building leasing in the area totaled more than 9 million sf, according to Jones Lang LaSalle. Net leasing was more than twice what it was in fourth quarter 2012.

And for all of 2013, net leasing topped 17 million sf.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://www.dallasnews.com/business/commercial-real-estate/headlines/20140106-dallas-fort-worth-industrial-property-leasing-and-development-grows-as-companies-expand.eceRead more at {Source}

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