Dallas-Fort Worth, TX Industrial Market Report Q3 2026
Dallas-Fort Worth (DFW) industrial asking rent reached a record $10.36/SF in Q3 2026, up 1.8% year over year, while deliveries climbed 38% to 31.46 million square feet (SF) over the trailing 12 months. Vacancy tightened to 7.8%, 115 basis points lower than a year ago, as the metro absorbed 15.49M SF in Q3 versus 5.76M SF in Q3 2025. This Matthews™ Dallas-Fort Worth, TX Industrial Market Report Q3 2026 covers demand, supply, pricing, and investment sales across 34 submarkets so owners, investors, and tenants can see where DFW industrial real estate is tightest and where new supply is concentrated.
Key Findings
- Demand surged: DFW absorbed 15.49M SF in Q3 2026 and 41.98M SF over the trailing 12 months, versus 24.83M SF a year earlier.
- Vacancy is 7.8%, with Hunt County/Outer East the tightest submarket at 3.4% and South Central Tarrant the loosest at 13.6%.
- Asking rent of $10.36/SF is a record, and Plano/Richardson leads rent growth at +2.4%.
- Q3 deliveries totaled 10.73M SF, double last year’s 5.37M SF. Trailing-12-month deliveries of 31.46M SF are up 38%, though annual deliveries peaked at 73.20M SF in 2023.
- Investors recorded $8.4B in DFW industrial sales over the trailing 12 months (+3%), with pricing at a record $147/SF.
Dallas-Fort Worth Industrial Supply & Demand Dynamics
How much industrial space is DFW absorbing?
Dallas-Fort Worth absorbed 15.49M SF in Q3 2026, nearly triple the 5.76M SF recorded in Q3 2025. Trailing-12-month absorption of 41.98M SF is up from 24.83M SF a year earlier. Vacancy of 7.8% is 115 basis points tighter than Q3 2025, and asking rent has risen 1.8% year over year to a record $10.36/SF.
How much new industrial supply is under construction in DFW?
DFW delivered 10.73M SF in Q3 and 31.46M SF over the trailing 12 months, up 38% from the prior 12-month period. Space under construction equals 4.0% of inventory and is concentrated in Outlying Collin County, where it represents 22.1% of existing stock. The 50.21M SF pipeline equals about five quarters of absorption at the trailing pace, so tenants in high-construction submarkets have more options.
Dallas-Fort Worth Industrial Investment Market
What are DFW industrial cap rates and pricing?
DFW industrial cap rates average 6.03%, up for two straight quarters and 66 basis points above the Q1 2022 low of 5.37%. Pricing sits at a record $147/SF, higher for 17 consecutive years. Sales volume reached $8.4B over the trailing 12 months, up 3% from the prior period, with $3.14B closing in Q3. The 2022 high-water mark was $8.5B. Owners weighing a sale should underwrite to today’s cap rate while pricing per SF remains at a record.
Dallas-Fort Worth Industrial Submarket Highlights
Vacancy is lowest in Hunt County/Outer East (3.4%), Outlying Kaufman County (3.5%), Redbird Airport (3.8%), and Outlying Ellis County (3.9%). It is highest in South Central Tarrant (13.6%), East Fort Worth (11.6%), Lewisville (11.5%), and Metropolitan/Addison (10.4%). Rent growth is led by Plano/Richardson and Metropolitan/Addison at +2.4% each, followed by N Stemmons/Valwood at +2.2%. Every submarket posted positive rent growth, ranging down to +1.5% in Eastern Lonestar/Turnpike.
Dallas-Fort Worth Industrial Market by the Numbers
- Vacancy: 7.8%
- Average asking rent: $10.36/SF (+1.8% year over year)
- Q3 2026 net absorption: 15.49M SF
- Trailing-12-month deliveries: 31.46M SF
- Under construction: 4.0% of inventory (50.21M SF)
- Trailing-12-month sales volume: $8.4B (+3%)
- Average cap rate: 6.03%
- Price per SF: $147
Dallas-Fort Worth Industrial Market FAQs
What is the Dallas-Fort Worth industrial vacancy rate in Q3 2026?
The DFW industrial vacancy rate is 7.8% in Q3 2026, down 115 basis points from Q3 2025.
What is the average industrial rent in Dallas-Fort Worth?
Average asking rent in DFW is $10.36/SF in Q3 2026, a record and 1.8% higher than a year ago.
Which DFW submarket has the lowest industrial vacancy?
Hunt County/Outer East has the lowest industrial vacancy at 3.4%, followed by Outlying Kaufman County at 3.5%.
What is the average industrial cap rate in Dallas-Fort Worth?
The average DFW industrial cap rate is 6.03% in Q3 2026, up for two consecutive quarters.
Previous Dallas-Fort Worth Industrial Market Reports
Track how the market has moved quarter to quarter: read the Dallas-Fort Worth, TX Industrial Market Report Q1 2026 and the Dallas-Fort Worth, TX Industrial Market Report Q2 2026.
The bottom line for owners: record rents and record pricing support sellers, but a 50.21M SF pipeline and cap rates that have started to expand mean pricing discipline matters. Owners in tight submarkets hold the most leverage. Download the full report above for submarket charts and detail, or contact Andrew Gross, Managing Director in Dallas-Fort Worth, to discuss your property.
Sources: Matthews™ Research, CoStar Group, Inc., RCA, and BLS. Information is for reference only. Sources deemed reliable but not verified.
