The industrial real estate boom happening across the country is nothing new in the Dallas-Fort Worth area. In fact, the industrial market has performed so well in the north Texas Metroplex that Q3 numbers in a new report from CBRE indicate that there have been 44 consecutive quarters — or eleven years straight — of positive net industrial absorption.
And with the current crunch on the country’s already stressed supply chain,
that monumental momentum isn’t likely to slow down anytime soon. The
current vacancy rate in the Dallas industrial market? Just 4.6%.
Overall, 2021 has been a significant year for Dallas industrial. Year-to-date,
by the end of Q3, the region has witnessed nearly 30 million square feet of
absorption. In Q3 alone, there was 7.25 million square feet of absorption. Around 6.85 million square feet of industrial space was delivered in Q3 and another 31.3 million square feet of new industrial product was still under construction by the end of September.
And of the 31.3 million square feet of new space under construction by the end of the third quarter, nearly a third has already been pre-leased, the report details. Click to read more at www.rednews.com.