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Market Insights Dallas/Fort Worth 2Q 2020 - INDUSTRIAL

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Market Insights Dallas/Fort Worth 2Q 2020 - INDUSTRIAL Market Insights Dallas/Fort Worth 2Q 2020 - INDUSTRIAL Bradford Commercial Real Estate Services 3100 McKinnon Street, Suite 400 Dallas, Texas 75201 DALLAS-FORT WORTH INDUSTRIAL MARKET INSIGHTS 4Q2019 Table of Contents BRADFORD DALLAS-FORT WORTH INDUSTRIAL TEAM 1 DALLAS - FORT WORTH OVERALL MARKET INSIGHT 2 SUBMARKET EXPERTISE • DFW Airport • East Dallas • Great Southwest 3 • North Fort Worth • Northeast Dallas • South Dallas • Stemmons Freeway • Northwest Dallas The information contained herein was obtained from CoStar; however, Bradford Companies makes no guarantees, warranties, or representation as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or lease or withdrawal without notice. 1 DFW INDUSTRIAL MARKET EXPERTS INDUSTRIAL COVERAGE • Bradford Corporate Office • Bradford Field Offices 2 BinformedINDUSTRIAL MARKET EXPERTS Brian Pafford, CCIM Michael W Spain Nick Talley Michael T Grant Executive Vice President Executive Vice President Executive Vice President Senior Vice President Managing Partner Managing Partner Managing Partner Managing Partner Stemmons Corridor Great Southwest Tarrant County Northeast Corridor 972.389.9002 972.337.9325 817.921.8177 972.776.7062 Brock Wilson Joe Santaularia Susan Singer, CCIM Jim Ferris Senior Vice President First Vice President Executive Vice President Vice President Managing Partner DFW Airport Brokerage Services Great Southwest DFW Airport 972.337.9336 972.776.7043 972.337.9334 972.776.7081 Erik Blais Shane Benner Jason Finch Josh Meraz Vice President Vice President Market Director Senior Associate Greater Fort Worth Greater Fort Worth Stemmons Corridor Great Southwest 817.921.8179 817.921.8174 972.389.9006 972.776.7037 Brandon Alexander Katherine Graham Noah Dodge Broker Associate Broker Associate Broker Associate Greater Fort Worth Greater Fort Worth Northeast Corridor 817.921.8180 817.921.8178 972.776.7101 3 INDUSTRIAL OVERALL MARKET INSIGHTS DFW Industrial Markets (Flex, Shallow-Bay, Bulk) Binformed Existing Inventory Vacancy Delivered Inventory Under Construction Net Leasing Period Under # Bldgs Total RBA Vacant SF Vacant % Absorption # Bldg Delivered # Bldgs Activity Overall DFW Industrial Vacancy Overall DFW Industrial Net Absorption Construction 2017 Q1 10,056 804,556,021 56,151,210 7.0% 5,466,822 48 11,540,956 90 24,086,910 13,449,919 7.2% 9,000,000 2017 Q2 10,078 810,394,842 55,689,286 6.9% 6,272,349 26 6,783,839 93 23,715,283 17,338,186 7.0% 8,000,000 2017 Q3 10,093 815,488,425 55,757,245 6.8% 4,967,624 19 5,230,995 102 27,195,293 14,352,719 7,000,000 2017 Q4 10,123 822,956,834 55,060,566 6.7% 7,302,654 32 6,893,143 100 26,394,036 12,245,519 6.8% 6,000,000 2018 Q1 10,130 820,231,242 51,406,844 6.3% 766,546 22 2,369,728 104 28,409,130 17,094,200 DFW6.6% Industrial Markets (Flex, Shallow-Bay, Bulk) 2018 Q2 10,156 828,052,811 53,341,580 6.4% 5,809,475 27 7,881,757 103 28,382,820 13,236,178 5,000,000 2018 Q3 10,189 835,970,625 55,415,807 6.6% 5,843,587 37 8,339,073 96 28,292,760 19,758,007 6.4% 4,000,000 2018 Q4 10,221 841,477,321 54,494,573 6.5% 6,056,640 28 5,157,017 108 32,550,859 14,584,764 Existing Inventory Vacancy3,000,000 Delivered Inventory Under Construction 6.2% Net Leasing 2019 Q1 10,244 848,015,202 55,702,351 6.6% 5,382,948 28 6,759,699 121 36,565,852 15,828,674 Period 2,000,000 Under 2019 Q2 10,263 855,019,185 55,978,169 6.5% 6,649,125 24 7,190,582 128 36,308,976 13,564,750 6.0% # Bldgs Total RBA Vacant SF Vacant1,000,000 % Absorption # Bldg Delivered # Bldgs Activity Overall DFW Industrial Vacancy Overall DFW Industrial Net Absorption Construction 2019 Q3 10,287 857,687,640 54,741,234 6.4% 3,942,474 24 2,668,455 133 38,331,434 16,706,990 0 5.8% 7.2% 2019 Q4 10,326 868,953,836 57,236,328 6.6% 8,739,746 40 11,331,661 121 33,705,929 18,519,677 2017 Q1 10,056 804,556,021 56,151,210 7.0% 20175,466,8222017 2017 2017 2018 2018482018 2018 201911,540,9562019 2019 2019 2020 202090 24,086,910 13,449,919 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 9,000,000 2020 Q1 10,355 876,313,979 55,748,270 6.4% 8,848,201 31 7,414,509 133 36,801,810 14,925,643 2017Q1 Q2Q2 Q3 Q4 Q1 10,078Q2 Q3 Q4 810,394,842Q1 Q2 Q3 Q455,689,286Q1 Q2 6.9% 6,272,349 26 6,783,839 93 23,715,283 17,338,186 2020 Q2 10,388 887,563,612 60,765,787 6.8% 6,232,116 33 11,249,633 119 28,267,806 14,557,064 7.0% 8,000,000 2017 Q3 10,093 815,488,425 55,757,245 6.8% 4,967,624 19 5,230,995 102 27,195,293 14,352,719 7,000,000 2017 OverallQ4 DFW 10,123Industrial Leasing822,956,834 Activity55,060,566 6.7% Overall7,302,654 DFW Industrial32 Construction6,893,143 100 26,394,036 12,245,519 6.8% DFW Industrial Statistics by Market 6,000,000 25,000,0002018 Q1 10,130 820,231,242 51,406,844 6.3% 766,546 22 2,369,728 104 28,409,130 17,094,200 Existing Inventory Vacancy Net Under Leasing 40,000,000 6.6% Market Deliveries 5,000,000 # Blds Total RBA Direct SF Vac % Absorption Const SF Activity 2018 Q2 10,156 828,052,811 53,341,580 6.4%35,000,000 5,809,475 27 7,881,757 103 28,382,820 13,236,178 20,000,000 30,000,000 DFW Airport Ind 646 82,194,812 7,006,191 8.5% 375,714 1,696,609 5,568,533 2,290,190 2018 Q3 10,189 835,970,625 55,415,807 6.6%25,000,000 5,843,587 37 8,339,073 96 28,292,760 19,758,007 6.4% 4,000,000 East Dallas Ind 619 48,434,738 3,216,778 6.6% 1,247,030 1,200,000 944,106 202,661 15,000,000 20,000,000 GSW/Arlington Ind 6.2% 2018 Q4 10,221 841,477,321 54,494,573 6.5% 6,056,640 28 5,157,017 108 32,550,859 14,584,764 3,000,000 1,145 117,025,556 7,292,798 (671,145) 401,557 576,123 1,457,221 15,000,000 6.2% North Ft Worth Ind 746 109,427,109 11,741,115 10.7% 1,244,139 4,604,642 7,850,240 1,559,757 10,000,0002019 Q1 10,244 848,015,202 55,702,351 6.6%10,000,000 5,382,948 28 6,759,699 121 36,565,852 15,828,674 2,000,000 Northeast Dallas Ind 1,545 113,213,166 7,842,343 6.9% 1,120,555 604,044 3,805,361 1,072,751 5,000,000 2019 Q2 10,263 855,019,185 55,978,169 6.5% 6,649,125 24 7,190,582 128 36,308,976 13,564,750 6.0% NW Dallas Ind 1,382 111,736,067 6,028,074 5.4% 20,967 47,483 2,699,985 1,433,048 5,000,000 0 1,000,000 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 NW Dallas Outly Ind 50 3,668,911 142,014 3.9% 39,344 0 86,000 21,700 2019 Q3 10,287 857,687,640 54,741,234 6.4% Q13,942,474Q2 Q3 Q4 Q1 Q224Q3 Q4 Q12,668,455Q2 Q3 Q4 Q1 Q2133 38,331,434 16,706,990 0 South Dallas Ind 702 104,296,003 8,531,174 8.2% (250,445) 0 2,435,240 3,585,951 0 5.8% 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 20192017 Q42017 2017 2017 10,3262018 2018 2018 2018868,953,8362019 2019 2019 201957,236,3282020 2020 6.6% 8,739,746 40 11,331,661 121 33,705,929 18,519,677 South Ft Worth Ind 1,469 82,461,019 3,330,405 4.0% 287,096 51,668 3,328,776 1,289,996 Delivered Under Construction 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 South Stemmons Ind 2,084 115,106,231 5,634,895 4.9% 2,818,280 2,643,630 973,442 1,643,789 2020 Q1 10,355 876,313,979 55,748,270 6.4% 8,848,201 31 7,414,509 133 36,801,810 14,925,643 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Totals 10,388 887,563,612 60,765,787 65.3% 6,231,535 11,249,633 28,267,806 14,557,064 2020 Q2 10,388 887,563,612 60,765,787 6.8% 6,232,116 33 11,249,633 119 28,267,806 14,557,064 Overall DFW Industrial Leasing Activity Overall DFW Industrial Construction *** NW Dallas Outly & Henderson and there isn't a tab DFW Industrial Statistics by Market 25,000,000 Existing Inventory Vacancy Net Under Leasing 40,000,000 Market Deliveries # Blds Total RBA Direct SF Vac % Absorption Const SF Activity 35,000,000 20,000,000 30,000,000 DFW Airport Ind 646 82,194,812 7,006,191 8.5% 375,714 1,696,609 5,568,533 2,290,190 25,000,000 East Dallas Ind 619 48,434,738 3,216,778 6.6% 1,247,030 1,200,000 944,106 202,661 15,000,000 20,000,000 GSW/Arlington Ind 6.2% 1,145 117,025,556 7,292,798 (671,145) 401,557 576,123 1,457,221 15,000,000 North Ft Worth Ind 746 109,427,109 11,741,115 10.7% 1,244,139 4,604,642 7,850,240 1,559,757 10,000,000 10,000,000 Northeast Dallas Ind 1,545 113,213,166 7,842,343 6.9% 1,120,555 604,044 3,805,361 1,072,751 5,000,000 NW Dallas Ind 1,382 111,736,067 6,028,074 5.4% 20,967 47,483 2,699,985 1,433,048 5,000,000 0 NW Dallas Outly Ind 3.9% 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 50 3,668,911 142,014 39,344 0 86,000 21,700 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 South Dallas Ind 702 104,296,003 8,531,174 8.2% (250,445) 0 2,435,240 3,585,951 0 South Ft Worth Ind 1,469 82,461,019 3,330,405 4.0% 287,096 51,668 3,328,776 1,289,996 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 Delivered Under Construction Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 South Stemmons Ind 2,084 115,106,231 5,634,895 4.9% 2,818,280 2,643,630 973,442 1,643,789 Totals 10,388 887,563,612 60,765,787 65.3% 6,231,535 11,249,633 28,267,806 14,557,064 *** NW Dallas Outly & Henderson and there isn't a tab The information contained herein was obtained from CoStar; however, Bradford Companies makes no guarantees, warranties, or representation as to the completeness or accuracy thereof.
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