As the fourth-largest metro in the nation, Dallas-Fort Worth (DFW) is one of the fastest-growing markets adding 1.2 million new residents in the last decade alone. Businesses and people alike are drawn to the metro’s affordability, business-friendly environment, and sunny weather. The metro just surpassed Los Angeles as the second-largest industrial market with over a billion square feet of inventory, right behind Chicago with 1.3 billion square feet. The industrial sector has benefitted from a range of demand drivers, including e-commerce, manufacturing, and third-party logistics firms, all looking to increase their presence or enter the market. Amazon has made a significant impact on the market, reigning as the largest occupier of industrial space in the region with over 16 million square feet. The market has added 29.3 million square feet of inventory in the last 12 months, but the impressive demand has kept vacancies stable at 5.7 percent. Absorption has kept pace with construction, with over 39.8 million square being absorbed in the last year. With an 11.3 percent growth in rent, DFW is one of the strongest industrial metros.