Category: COVID-19, Industrial, Report, Research ReportsTags: Dallas-Fort Worth, Industrial, report
The DFW Industrial Market
The industrial sector is actively growing as big-box retailers and distribution firms acquire a large amount of square footage. A big reason for DFW industrial construction is due to the available and relatively affordable land. DFW continues to deliver a large amount of industrial supply, averaging over 20 million square feet of net new supply annually over the past few years. More recently, DFW began building industrial properties closer to urban consumers to provide cheaper and faster delivery to urban masses. Following record-level supplies in 2019, 29.5 million square feet of industrial are underway, with 70 percent available for lease, and 34 million square feet absorbed in the previous 12 months.