Q1 2022 INDUSTRIAL MARKET REPORT DALLAS/ FORT WORTH
P ro p er t y : FE D Ca r ter D istribution Ce nte r
w w w.h o l t l u n s fo rd .co m
TABLE OF CONTENTS
04
DFW Industrial Submarket Coverage
05
DFW Industrial Market Experts
06
DFW Trends & Transactions
07
DFW Industrial Facts & Figures
08
Submarket Intelligence
DALLAS 5950 Berkshire Lane, Suite 900 Dallas, Texas 75225 T 972.241.8300 | F 972.241.7955
FORT WORTH 1200 Summit Avenue, Suite 300 Fort Worth, Texas 76102 T 817.710.1110 | F 817.810.9017
www.holtlunsford.com
04 Q1 2022 DFW INDUSTRIAL MARKET REPORT
DFW INDUSTRIAL
Submarket Coverage
DECATUR
DENTON McKINNEY PONDER
PRINCETON
NORTHWEST DALLAS 7,194,737 SF
FARMERSVILLE FRISCO GREENVILLE
ALLEN JUSTIN
THE COLONY
BOYD
LEWISVILLE
PLANO
FLOWER MOUND
FAR NORTHEAST DALLAS 6,951,357 SF WYLIE
ROANOKE
HASLET
CARROLLTON
ROYSE CITY
SPRINGTOWN GRAPEVINE
KELLER
NORTH FORT WORTH 4,558,020 SF
ADDISON
COPPELL
RICHARDSON
SOUTHLAKE FARMERS BRANCH
GARLAND
DFW AIRPORT 2,257,984 SF
DFW INTERNATIONAL AIRPORT
ROCKWALL ROWLETT
LAS COLINAS
COLLEYVILLE SAGINAW
DALLAS LOVE FIELD AIRPORT
BEDFORD EULESS FORT WORTH MEACHAM INTERNATIONAL AIPRORT
RICHLAND HILLS
HURST IRVING
SOUTH STEMMONS 3,498,698 SF WHITE SETTLEMENT
SUNNYVALE
DALLAS
MESQUITE
FORT WORTH
NORTHEAST/EAST DALLAS 5,429,248 SF FORNEY
GRAND PRAIRIE
TERRELL
ARLINGTON
GREAT SW/ARLINGTON 3,448,035 SF
ALEDO
DALLAS EXECUTIVE AIRPORT
BENBROOK DUNCANVILLE
HUTCHINS
CRANDALL
CEDAR HILL
CRESSON
SOUTH FORT WORTH 5,855,746 SF
DESOTO
SOUTH DALLAS 6,309,166 SF
KAUFMAN
LANCASTER
MANSFIELD
BURELSON
RED OAK
MIDLOTHIAN
WAXAHACHIE
CLEBURNE ENNIS
Q1 2022 DFW INDUSTRIAL MARKET REPORT 05
DFW INDUSTRIAL
Market Experts
MATT CARTHEY
CANON SHOULTS
JOHN GORMAN
JOSH BARNES
ANDREW GILBERT
Partner, Managing Principal Fort Worth mcarthey@holtlunsford.com 817.710.1111
Managing Principal Dallas cshoults@holtlunsford.com 972.280.8328
Senior Vice President Dallas jgorman@holtlunsford.com 214.920.9800
Senior Vice President Dallas jbarnes@holtlunsford.com 972.280.8353
Market Director Dallas agilbert@holtlunsford.com 972.280.8312
GEORGE JENNINGS
THOMAS GRAFTON
MADDY CANTY
KEATON BRICE
BLAKE TROIANI
Market Director Fort Worth gjennings@holtlunsford.com 817.632.6151
Market Director Fort Worth tgrafton@holtlunsford.com 817.632.6152
Market Associate Dallas mcanty@holtlunsford.com 972.280.8325
Market Associate Dallas kbrice@holtlunsford.com 972.421.1956
Market Associate Dallas btroiani@holtlunsford.com 972.265.0126
WILLIAM WILSON
MITCH CANTWELL
WALKER FLOYD
TREY GOODSPEED
Market Associate Fort Worth wwilson@holtlunsford.com 817.284.5555
Market Analyst Dallas mcantwell@holtlunsford.com 972.265.0133
Market Analyst Dallas wfloyd@holtlunsford.com 972.265.0141
Market Analyst Fort Worth tgoodspeed@holtlunsford.com 817.632.6155
06 Q1 2022 DFW INDUSTRIAL MARKET REPORT
HLC OUTLOOK Coming off of a record setting year in 2021, the Dallas-Fort Worth industrial market ended Q1 2022 with continued momentum. Q1 2022 marked the 46th quarter of positive net industrial absorption in the Dallas-Fort Worth industrial market. Per CoStar reporting, DFW is off to another strong start with 2.6M SF of net positive absorption. Strong leasing activity in north Fort Worth and south Forth Worth led the charge. The overall market vacancy dropped slightly lower to +/5.20% (versus 5.25% at YE 2021). At Q1 2022, absorption remained stable versus the delivery of 2.9M SF of new space. The development landscape is at a historic pace with 53.6M SF under construction and new announcements coming soon, pushing the under construction number closer to 63M SF. We are seeing development span to new areas of the metroplex as large entitled industrial sites are becoming more scarce and the institutional demand continues to increase as capital markets flee other product types and follow the increasing demand from industrial occupiers. As we look forward to the remainder of 2022, we expect the overall industrial market will continue strong as many of the large 3PL and e-commerce tenants are hiring and expanding in the DFW market. Additionally, supply chain shortages are driving companies to reevaluate their inventory management practices and many companies are now carrying safety stock. We expect DFW to outperform other parts of the country as it continues to be the biggest benefactor of largescale relocation efforts and population growth. With no slow down in sight, the Dallas-Fort Worth industrial market will continue to perform at record-setting levels.
DFW INDUSTRIAL
Trends & Transactions
TRENDS
TOP LEASE TRANSACTIONS
Need For Speed •
More spec offices
Desire For Flexibility •
Requested expansion options and/or phased in occupancy
•
Nike has signed a 1,039,360 SF lease in 1300 East Fulghum Road off I-45 with Logistics Property Co. (LPC) .
•
Amazon has signed a 1,008,140 SF lease in 3199 Telephone Road south of I-20 with VanTrust.
•
Life Science Logistics has signed a 646,190 SF lease in 3150 State Highway 161 with Perot Development Company.
Drive To Increase Efficiency •
Increase parking requirements
•
•
Increased demand for high-quality second generation options vs rising rates for new construction
Penske has renewed their 588,364 SF lease in 730 East Trinity Boulevard with ProLogis
•
Quaker Oats has renewed their 518,241 SF lease in 1350 Chalk Hill Road off I-30 with Clarion.
•
Yusen Logistics has signed a 369,530 SF lease in Westport @ Alliance with IAC Properties.
•
DSG has signed a 293,705 SF lease in Carter Distribution Center with PGIM.
Pre-Leasing Activity Remains Strong
•
TYC Genera has renewed their 260,819 SF lease in 600 Freeport Parkway in Coppell with Duke Realty .
MARKET TRENDS
•
RumbleOn has signed a 257,117 SF lease in North Quarter 35 with M2G Ventures.
Increased Attention On Workforce •
Where are they coming from?
•
Better work environment (Ex. HVAC Warehouse)
HLC DEAL
TI Requests And Costs Continue To Increase
•
The continued expansion of E-Commerce fuels the increased demand for industrial space.
•
Williams Sonoma has signed a 234,100 SF lease in 2250 East Bardin Road with First Industrial.
•
Supply chain shortages are driving companies to reevaluate their inventory needs and now carry safety stock.
•
LinkEx Inc has signed a 200,172 SF lease in 3535 North Houston School Road off I-20 with Prologis.
•
The DFW Industrial market has returned to pre Covid normalcy with a massive tailwind.
•
•
The increase in tenant demand coupled with the influx of new capital has caused developers to scour the market for new land positions now stretching to new markets like Forney and Denton.
Pandion, Inc has signed a 196,987 SF prelease deal at the corner of 121 Business and West Vista Ridge Mall Drive in Lewisville with Prologis .
•
South Atlantic Packaging has signed a 154,191 SF lease in 3901 West Miller Road in Garland with First Industrial.
•
MyGift Enterprises has signed a 150,905 SF lease in Midway Logistics Park with Stream Realty Partners.
•
Infinite Electronics has signed a 144,998 SF lease in EastGroup’s 121 development located at 2300 East State Highway 121. This was a pre-lease deal.
•
Assa Abloy has signed a 138,402 SF lease in 1451 IH30 in Mesquite with Alpha Properties.
•
The Marketing Group has signed a 126,890 SF lease in 920 South Western Boulevard in Denton with James Campbell Company.
•
Shield AI has signed a 106,582 SF lease in 16240 Gateway Path in Frisco with Blue Star.
•
Pegasus has signed a 104,989 SF lease in Alliance Gateway with Blackstone Incorporated.
•
KidKraft has signed a 104,239 SF lease in 9015 Sterling Street in Irving with Brookfield.
•
Industrial development continues at a historic pace to match the demand caused by global supply chain constraints.
Absorption
vs. Prev. Qtr
vs. 12 Mths Ago
2,589,763
11,044,379
10,497,020
Vacancy
vs. Prev. Qtr
vs. 12 Mths Ago
5.2%
5.2%
7.0%
Leasing Act.
vs. Prev. Qtr
vs. 12 Mths Ago
13,147,709
17,295,040
15,166,927
U/C SF
vs. Prev. Qtr
vs. 12 Mths Ago
53,556,502
41,236,819
24,630,919
Delivered SF
vs. Prev. Qtr
vs. 12 Mths Ago
2,848,892
8,787,497
7,126,863
HLC DEAL
HLC DEAL
Q1 2022 DFW INDUSTRIAL MARKET REPORT 07
DFW INDUSTRIAL
Facts & Figures
OVERALL DFW
OVERALL VACANCY
8.0%
14,000,000
7.0%
12,000,000
6.0%
10,000,000
5.0%
OVERALL ABSORPTION
6.70%
OVERALL CONSTRUCTION 60,000,000
25,000,000
8.0% 7.0% 5.20%
6.4%
40,000,000
5.0%
4.9%
8,000,000
50,000,000
20,000,000
6.0%
15,000,000
4.0%
4.0% 6,000,000
3.0%
4,000,000
2.0% 1.0%
2,000,000
0.0%
0 Q1 19
Q2 19
Q3 19
Q4 19
Q1 20
Q2 20
Q3 20
ABSORPTION
Q4 20
Q1 21
DELIVERIES
Q2 21
Q3 21
Q4 21
Q1 22
20,000,000
2.0% 5,000,000
1.0%
0.4%
0.3%
0.0% Q1 19
Q2 19
Q3 19
DIRECT
VACANCY
Q4 19
Q1 20
Q2 20
Q3 20
Q4 20
Q1 21
Q2 21
SUBLET
EXISTING INVENTORY SUBMARKET
30,000,000
10,000,000
3.0%
Q3 21
Q4 21
Q1 22
Q1 19
TOTAL
10,000,000 0
0 Q2 19
Q3 19
Q4 19
Q1 20
TOTAL NET
Q2 20
Q3 20
Q4 20
Q1 21
Q2 21
Q3 21
Q4 21
Q1 19
Q1 22
Q2 19
Q3 19
Q4 19
Q1 20
Q2 20
Q3 20
DELIVERED
LEASING ACTIVITY
Q4 20
Q1 21
Q2 21
Q3 21
Q4 21
Q1 22
UNDER CONSTRUCTION
VACANCY
# BLDGS.
TOTAL RBA
DIRECT SF
TOTAL SF
VAC. %
YTD NET ABSORPTION
YTD DELIVERIES
UNDER CONSTRUCTION SF
YTD LEASING ACTIVITY
DFW Airport
660
88,091,151
2,031,483
2,550,104
2.9%
349,959
191,000
1,790,381
1,464,229
East Dallas
620
50,370,139
4,745,569
4,817,069
9.6%
27,670
145,303
3,990,577
165,240
Great SW/Arlington
1,130
119,350,077
3,960,301
4,436,560
3.7%
(538,179)
423,656
1,973,244
1,763,193
Henderson County
19
1,255,938
29,968
29,968
2.4%
0
0
0
0
North Fort Worth
780
121,562,698
9,868,960
10,078,960
8.3%
2,409,076
727,318
9,551,054
1,240,912
Northeast Dallas
1,566
118,206,171
5,244,570
5,532,209
4.7%
265,012
298,378
568,746
1,115,501
Northwest Dallas
1,392
114,979,171
3,710,833
4,227,396
3.7%
21,537
178,500
4,309,249
1,760,353
NW Dallas Outlying
30
2,367,311
31,950
31,950
1.3%
51,450
0
0
12,500
South Dallas
703
109,487,787
5,709,622
5,709,622
5.2%
(171,889)
884,737
25,548,438
2,588,929
South Fort Worth
1,480
88,635,536
6,278,307
6,280,107
7.1%
587,248
0
3,682,423
1,295,285
South Stemmons
2,073
116,356,598
4,315,033
4,720,307
4.1%
(412,121)
0
1,824,130
1,298,341
10,453
930,662,577
45,926,596
48,414,252
5.2%
2,589,763
2,848,892
53,238,242
12,704,483
TOTALS
SOURCE: COSTAR Q1 2022 INDUSTRIAL REPORT
08 Q1 2022 DFW INDUSTRIAL MARKET REPORT
SUBMARKET INTELLIGENCE
GSW/ARLINGTON
CURRENT EVENTS Per CoStar reporting, the Great southwest (GSW) industrial submarket concluded Q1 2022 slightly off pace. At the end of Q1, GSW reported negative absorption of 538,179 SF. Additionally, GSW reported 423,656 SF of new construction completions and a total of 1,973,244 SF of new projects under construction. The Q1 2022 vacancy rate rose slightly to 3.32% versus 2.98% at YE 2021. This ranks GSW among the top of the major submarkets with the lowest vacancy rates. Looking further into 2022, we expect the GSW market to remain one of the top performing submarkets as tenant demand continues to expand across the DFW market and the supply of large blocks of space in GSW tightens with limited opportunity for additional development.
Absorption
vs. Prev. Qtr
vs. 12 Mths Ago
538,179
417,671
676,151
Vacancy
vs. Prev. Qtr
vs. 12 Mths Ago
3.7%
3.0%
5.5%
Leasing Act.
vs. Prev. Qtr
vs. 12 Mths Ago
1,763,193
1,980,157
1,692,848
U/C SF
vs. Prev. Qtr
vs. 12 Mths Ago
1,973,244
1,712,060
935,990
Delivered SF
vs. Prev. Qtr
vs. 12 Mths Ago
423,656
-
-
TOP LEASE TRANSACTIONS
CANON SHOULTS
MADDY CANTY
Managing Principal cshoults@holtlunsford.com 972.280.8328
Market Associate mcanty@holtlunsford.com 972.280.8325
3,100,000
6.0% 2,100,000
5.0% 4.0%
1,100,000 3.0% 2.0%
100,000
1.0% 0.0%
(900,000) Q1 19
Q2 19
Q3 19
Q4 19
Q1 20
Q2 20
ABSORPTION
Q3 20
Q4 20
Q1 21
Q2 21
DELIVERIES
Q3 21
Q4 21
Q1 22
VACANCY
NEW DEVELOPMENTS
•
Penske has renewed their 588,364 SF lease in 730 East Trinity Boulevard with ProLogis.
•
Remington I-30 Building 2 – a 416K SF spec development with Graff Interests
•
Williams Sonoma has signed a 234,100 SF lease in 2250 East Bardin Road with First Industrial.
•
•
Consolidated Electrical Distributors has signed a 79,735 SF lease in 908 113th Street with Link.
Cooper Commerce Center – Buildings 2 & 3 | 7007-7009 South Cooper Street – a 394,477 SF and 189K SF spec project with NorthPointe Development
•
•
Empire Today has renewed their 74,700 SF lease in 12051207 Post North Paddock Street with ProLogis.
1600 South Great Southwest Parkway – a 298,506 SF spec development with IDI
•
•
DEX Imaging has signed a 57,196 SF lease in 4751 South Collins Street with Jackson Shaw.
2900 Mayfield Road – a 182,693 SF spec development with Clarion
•
Bardin Crossing Building 2 – a 154,440 SF spec development with Ironwood Realty Partners / Cabot
•
Wildlife 8 | 2503 North Belt Line Road – a 147,960 SF spec development with Crow Holdings Industrial
•
732 Avenue R – a 114,400 SF spec development with Proterra Properties/Longpoint
DEALS IN THE MARKET
EXPERTS
VITAL STATS 7.0%
•
MDH Portfolio – MDH is selling an 898,720 SF five (5) building portfolio. Three (3) of the buildings are in the GSW/Arlington submarket.
•
GSW Strategic Portfolio – Pennybacker is selling a 445,497 SF three (3) building GSW portfolio.
•
AMZL – 2400 Centennial Drive – Oxford is selling a 186,344 SF single tenant building located in the GSW/Arlington submarket.
LARGE EXISTING VACANCIES •
3450 Roy Orr Boulevard – 507,984 SF
•
502 Fountain Parkway – 214,684 SF
•
4949 Amon Carter Boulevard – 211,780 SF
•
3405 Roy Orr Boulevard – 184,283 SF
SUBMARKET INTELLIGENCE
Q1 2022 DFW INDUSTRIAL MARKET REPORT 09
DFW AIRPORT
CURRENT EVENTS
Absorption
vs. Prev. Qtr
vs. 12 Mths Ago
349,959
1,320,480
3,884,243
Vacancy
vs. Prev. Qtr
vs. 12 Mths Ago
2.9%
3.8%
6.3%
Leasing Act.
vs. Prev. Qtr
vs. 12 Mths Ago
1,464,229
1,002,391
2,061,174
U/C SF
vs. Prev. Qtr
vs. 12 Mths Ago
1,790,381
1,981,381
1,465,662
Delivered SF
vs. Prev. Qtr
vs. 12 Mths Ago
191,000
425,000
1,685,400
TOP LEASE TRANSACTIONS •
Life Science Logistics has signed a 646,190 SF lease in 3150 State Highway 161 with Perot Development Company.
•
TYC Genera has renewed their 260,819 SF lease in 600 Freeport Parkway in Coppell with Duke Realty.
•
Pandion, Inc has signed a 196,987 SF prelease deal at the corner of 121 Business and West Vista Ridge Mall Drive in Lewisville with Prologis .
•
HLC DEAL
KidKraft has signed a 104,239 SF lease in 9015 Sterling Street in Irving with Brookfield.
NEW DEVELOPMENTS •
DFW Commerce Center – a nearly 2M SF project with CLX, set for completion in Q3 2022
•
Bison Grove Business Park – a 880K+ SF four (4) building project with Hines at Edmonds and Garden Ridge, set for completion in Q2 2022 with 480K SF preleased
•
DFW Park 161 - a 750,544 SF development at DFW Park 161 with Perot and Invesco, set for completion in Q2 2022
•
Freeport Commerce Center – a 328,175 SF two (2) building project with Alliance Industrial Company, set for completion in Q4 2022
•
Exchange Circle – a 315,463 SF two (2) building project with Brookfield off Freeport Parkway in Coppell, set for completion in Q2 2022
•
West Vista Ridge Mall Drive – a 196,987 SF development with Prologis in Lewisville. This development is 100% leased.
•
Oakbend – a 175K SF development with Prologis on Oakbend Drive in Lewisville, set for completion in Q2 2022. This development is 100% leased.
VITAL STATS 10.0%
4,500,000
9.0%
4,000,000
8.0%
3,500,000
7.0%
3,000,000
6.0%
2,500,000
5.0%
2,000,000
4.0%
1,500,000
3.0% 2.0%
1,000,000
1.0%
500,000
0.0%
0 Q1 19
Q2 19
Q3 19
Q4 19
Q1 20
Q2 20
Q3 20
ABSORPTION
Q4 20
Q1 21
DELIVERIES
Q2 21
Q3 21
Q4 21
Q1 22
VACANCY
•
MacArthur Business Park – a 152K SF two (2) shallow bay building project with frontage on Highway 121, set for completion in Q3 2022
•
Sandy Lake 121 – a 130,000 SF developement at 121 and Sandy Lake in Coppell with Marc Myers, set for completion in Q4 2022
HLC DEAL
LARGE EXISTING VACANCIES •
3150 State Highway 161 – 646,190 SF
•
801 Industrial Boulevard – 204,556 SF
•
204 Airline Drive – 147,174 SF
•
1225 N 28th Avenue – 100K SF
•
1650 Lakeside Parkway – 72,425 SF
The Dallas-Fort Worth (DFW) Airport industrial submarket closed 2021 with an all time low vacancy rate of 3.82%, which continued to drop to 2.95% by the end of Q1 2022. The vacancy rate continues to decrease as the submarket has seen a strong influx of leasing for big blocks of space in Passport Park and Perot/Invesco’s 161 as well as a flurry of leasing between 100K and 300K SF suites. Rental rates remained strong and are expected to continue to grow throughout 2022. The bulk of warehouse rental rates are increasing into the mid $6.00 rate range depending on building age. In the 50K–100K SF range for functional shallow bay product, we are seeing rates from $6.50 up to mid $8.00 depending on the finish level. Rental abatements are still prevalent depending on renewal versus new deals and the size of the lease transaction. Tenant improvement costs remained high because of increasing construction costs. DFW International Airport is ranked as one of the largest cargo airports in the country. It boasts a high proportion of newer buildings since 2000 and, as a result, the submarket has a high concentration of efficient product with clear heights and dock configurations suitable for modern distribution. The submarket consists of large big-box users including Amazon, Uline, PPG, Bed Bath & Beyond, Fresenius Medical, and many others.
EXPERTS ANDREW GILBERT
KEATON BRICE
Market Director agilbert@holtlunsford.com 972.280.8312
Market Associate kbrice@holtlunsford.com 972.421.1956
10 Q1 2022 DFW INDUSTRIAL MARKET REPORT
SUBMARKET INTELLIGENCE
NORTHEAST/EAST DALLAS
CURRENT EVENTS The Northeast/East Dallas submarket continues to be heavily sought after by tenants, developers, and the capital markets. With NE Dallas/Garland posting a 2.7% vacancy rate there is a clear need for additional space which sets the stage well for the new developments coming along the 635/Highway 80 corridor. All product types are experiencing rent growth at an unprecedented pace with rental rates rising as much as 30.0% from 1 year ago. Big moves are being made with covered land plays in Garland, which will bring unprecedented land pricing to Garland. This is only made possible by the expected rent growth that is still to come. All eyes are on the new frontiers, such as Forney and Sunnyvale, and each are seeing good activity and are expected to produce new leasing activity in Q2 as the buildings are starting to deliver.
vs. Prev. Qtr
vs. 12 Mths Ago
27,670
544,064
1,085,515
Vacancy
vs. Prev. Qtr
vs. 12 Mths Ago
7.0%
9.6%
4.0%
9.4%
6.0%
1,550,000
Leasing Act.
vs. Prev. Qtr
vs. 12 Mths Ago
5.0%
1,300,000
165,240
1,167,248
543,996
U/C SF
vs. Prev. Qtr
Senior Vice President jbarnes@holtlunsford.com 972.280.8353
BLAKE TROIANI Market Associate btroiani@holtlunsford.com 972.265.0126
2,550,000
8.0%
2,300,000 2,050,000 1,800,000
1,050,000
4.0%
800,000 550,000
vs. 12 Mths Ago
2.0%
300,000
1.0%
3,990,577
6,611,432
1,728,487
Delivered SF
vs. Prev. Qtr
vs. 12 Mths Ago
145,303
297,720
545,597
TOP LEASE TRANSACTIONS
50,000 (200,000)
0.0%
(450,000) Q1 19
Q2 19
Q3 19
Q4 19
Q1 20
Q2 20
ABSORPTION
Q3 20
Q4 20
Q1 21
Q2 21
Q3 21
DELIVERIES
Q4 21
Q1 22
VACANCY
•
1103 Gateway Boulevard – a 712,900 SF spec development in Forney with Hunt Southwest
•
Gateway Boulevard – a 621,874 SF spec cross dock in Forney with Van Trust
•
Mesquite 635 – 555,790 SF spec three (3) building project in Mesquite with LGE; 239,918 SF front load, 159,728 SF rear load and 156,144 SF rear load
•
South Atlantic Packaging has signed a 154,191 SF lease in 3901 W Miller Rd in Garland with First Industrial
•
Assa Abloy has signed a 138,402 SF lease in 1451 IH30 in Mesquite with Alpha Properties
•
1000bulbs.com has signed a 54,541 SF lease in 5590 S Buckner Blvd in Mesquite with Alpha Properties
•
•
Cole Kepro has signed a 51,555 SF lease in 11460 Hillguard in Garland with Prologis
East Dallas Commerce Center – a 373,322 SF spec development in Mesquite with IDI Logistics
•
•
Johnstone Supply has singed a 44,372 SF lease in 1465 IH 30 in Mesquite with Alpha Properties
Meadows Road – a 355,319 SF two (2) building project in Mesquite with Landmark Companies; 216K SF spec cross dock and 139,319 SF spec rear load
•
E Scyene Road – a 310,900 SF rear load BTS for Vehicle Accessories Group in Mesquite with Jackson Shaw
•
2614 Big Town – 211,112 SF spec cross dock in Mesquite with RMR Group
•
300 US Highway 80 – 202,104 SF spec rear load building in Sunnyvale with Langford Properties
•
DFW Premier Portfolio – Moxiebridge is selling a 764,255 SF fourteen (14) building DFW wide portfolio; five (5) buildings are located in Mesquite/Garland. The portfolio is 96% leased.
•
Garland Distribution Center – a 652,606 SF project on 48 acres in Garland. Leased by HLC.
•
IDI Logistics Portfolio – a 480K SF national portfolio at 3800 Leon Road in Garland
NEW DEVELOPMENTS
JOSH BARNES
9.0%
3.0%
DEALS IN THE MARKET
EXPERTS
VITAL STATS
Absorption
•
Clements/Highway 80 – a 1,029,110 SF two (2) building project in Forney with Exeter; 529,047
•
SF cross dock, 500,063 SF cross dock
•
Mesquite Airport Logistics Center – a 1,003,100 SF two (2) building spec project in Mesquite with Dalfen
•
East Scyene Road – a 918,173 SF two (2) building project in Mesquite with Urban Logistics Realty; 592,995 SF spec cross dock and 325,218 SF spec cross dock
• •
COMING SOON •
Akron Road – a 1,272,240 SF spec cross dock development in Forney with Seefried
•
Platform 80/20 – a 862,624 SF two (2) building spec project in Forney with Intrepid
•
Perimeter Road – a 297,628 SF two (2) building spec project in Garland with Core 5
•
Marquis Road – a 194,029 SF two (2) building spec project in Garland with Landry Commercial
LARGE EXISTING VACANCIES •
301 Apache Trail – 765,798 SF
•
951 South Town East Boulevard – 457,076 SF
11333 CR 212 – a 904,495 SF spec development in Forney with Stillwater Capital
•
100 Planters – 349,400 SF new building in Sunnyvale
Landmark Sunnyvale – a 787,047 SF two (2) building spec project in Mesquite with Landmark Companies
•
200 Planters – 294,320 SF new building in Sunnyvale
•
4401 Samuell – 143,801 SF
SUBMARKET INTELLIGENCE
Q1 2022 DFW INDUSTRIAL MARKET REPORT 11
FAR NORTHEAST DALLAS
CURRENT EVENTS VITAL STATS
Absorption
vs. Prev. Qtr
vs. 12 Mths Ago
265,012
1,205,969
300,684
Vacancy
vs. Prev. Qtr
vs. 12 Mths Ago
4.7%
5.2%
7.9%
5.0%
700,000
Leasing Act.
vs. Prev. Qtr
vs. 12 Mths Ago
4.0%
550,000
1,115,501
909,941
1,921,753
3.0%
U/C SF
vs. Prev. Qtr
vs. 12 Mths Ago
2.0%
568,746
1,579,551
2,594,969
Delivered SF
vs. Prev. Qtr
vs. 12 Mths Ago
298,378
1,151,016
1,829,263
TOP LEASE TRANSACTIONS
8.0%
1,300,000 1,150,000
7.0%
1,000,000
6.0%
850,000
400,000 250,000 100,000
1.0%
(50,000)
0.0%
(200,000) Q1 19
Q2 19
Q3 19
Q4 19
ABSORPTION
Q1 20
Q2 20
Q3 20
Q4 20
Q1 21
DELIVERIES
Q2 21
Q3 21
Q4 21
Q1 22
VACANCY
•
•
Shield AI has signed a 106,582 SF lease in 16240 Gateway Path in Frisco with Blue Star
Plano Commerce Center | Phase II – a 300K SF three (3) building spec project with Provident Realty
•
•
Stryve Foods has signed a 70,928 SF lease in 16240 Gateway Path in Frisco with Blue Star
Star Business Park – a 277,700 SF two (2) building spec project with Blue Star
•
•
Heritage Pool Group has signed a 49,864 SF lease in 10550 John W Elliott in Frisco with GID
McKinney 121 – a 212,200 SF two (2) building project with East Group
•
•
Vivint has signed a 34,201 SF lease in 16440 Gateway Path in Frisco with Blue Star
McKinney Airport Commerce Center – a 194,760 SF two (2) building spec project with HLCI in McKinney
•
•
Network Value has signed a 33,610 SF lease in 16440 Gateway Path in Frisco with Blue Star
Central Circle Logistics Park – a 172,640 SF two (2) building spec project by Stonelake in McKinney
•
•
Beckett Media has signed a 100,069 SF lease in 2700 Summit Ave in Plano with Link
McKinney Trade Center | Phase 2 – a 171,400 SF spec development with ML Realty in McKinney
HLC DEAL
The Far Northeast Dallas submarket continues to be a highly sought after market given its proximity to exceptional population growth. Leasing activity has remained strong through Q1 and is expected to continue with new tenant requirements coming to the market daily. Richardson and Plano have led the charge with the highest net absorption for this quarter while also posting vacancy below 5%. Functional warehouse spaces have become much harder to find in these pockets which sets the stage for the new developments that are getting started. Preleasing activity for these developments has been stronger than expected for smaller suite sizes which indicates that the “flight to quality” is real as tenants are compromising on timing and are willing to pay significantly higher rates. Due to this, rates are expected to continue to increase–even with record breaking deliveries expected over the next 12 months.
LARGE EXISTING VACANCIES DEALS IN THE MARKET • •
Star Commerce Center – a three (3) building 421,874 SF project in Frisco with Blue Star McKinney Airport Commerce Center – a two (2) building 231,119 SF project in McKinney with Stonemont
NEW DEVELOPMENTS • HLC DEAL
McKinney National | Phase 2 – a 481,158 SF three (3) building spec project with Transwestern Development in McKinney
•
Lookout Logistics Center – a 359,169 SF three (3) building spec project with Crow Holdings Industrial
•
McKinney Airport Trade Center | Phase 1 – a 320K SF three (3) building spec project with Greystar in McKinney
•
M-75 Commerce Center – a 304,085 SF spec development with CA in McKinney
•
350 Cypress Hill Drive (A) – 301,320 SF
•
915 Enterprise Boulevard – 195,743 SF
•
2161 Redbud Boulevard – 193,490 SF
•
4101 East Plano Parkway – 135K SF
•
1125 East Collins – 100,354 SF
COMING SOON •
Core5 Logistics Center at McKinney | Phase 3 – a 769,500 SF spec development with Core5 Logistics in McKinney
EXPERTS JOSH BARNES
BLAKE TROIANI
Senior Vice President jbarnes@holtlunsford.com 972.280.8353
Market Associate btroiani@holtlunsford.com 972.265.0126
12 Q1 2022 DFW INDUSTRIAL MARKET REPORT
SUBMARKET INTELLIGENCE
NORTHWEST DALLAS
CURRENT EVENTS Through Q1 2022, the northwest Dallas industrial submarket continues to be one of the strongest performing submarkets in DFW. Valwood continues to be a haven for building supplies companies as well as 3PL’s with its direct access to I-35. Billingsley, Longpoint, Panattoni, and TA Realty have leased their recent developments in Valwood. The Metropolitan/Addison submarket is extremely tight from a vacancy standpoint as there are not any more available sites for development. Lastly, as developers move north to track down sites in Denton and Sanger, Highway 121 is now centrally located in the DFW market and an extremely desirable location for users. The northwest Dallas submarket ended Q1 with a 3.75% vacancy rate and expect the vacancy to continue to decrease as Valwood and Metro are built out.
Absorption
vs. Prev. Qtr
vs. 12 Mths Ago
21,537
459,059
1,193,449
Vacancy
vs. Prev. Qtr
vs. 12 Mths Ago
5.0%
3.7%
3.5%
5.3%
4.0%
Leasing Act.
vs. Prev. Qtr
vs. 12 Mths Ago
3.0% 2.0%
1,760,353
1,654,236
1,947,973
U/C SF
vs. Prev. Qtr
vs. 12 Mths Ago
4,309,249
7,462,001
1,022,198
Delivered SF
vs. Prev. Qtr
vs. 12 Mths Ago
178,500
240,461
1,047,168
TOP LEASE TRANSACTIONS •
Infinite Electronics has signed a 144,998 SF lease in EastGroup’s 121 development located at 2300 East State Highway 121. This was a pre-lease deal.
•
The Marketing Group has signed a 126,890 SF lease in 920 South Western Boulevard in Denton with James Campbell Company.
HLC DEAL
•
Goodsmann Group has signed a 80,017 SF lease in 4430 Simonton Road in Farmers Branch.
•
Educational Products, Inc has signed a 75,793 SF lease in 1215 West Crosby Road in Carrollton with ML Realty Partners.
HLC DEAL
•
HLC DEAL
DGM Services has signed a 69,590 SF lease in 1545 Crescent Drive in Carrollton with TA Realty.
DEALS IN THE MARKET
EXPERTS ANDREW GILBERT
KEATON BRICE
Market Director agilbert@holtlunsford.com 972.280.8312
Market Associate kbrice@holtlunsford.com 972.421.1956
VITAL STATS 6.0%
•
DFW Premier Portfolio – Moxiebridge is selling a 764,255 SF fourteen (14) building DFW wide portfolio with approximately 230K SF located in the northwest Dallas submarket. The portfolio is 96% leased.
•
Valwood Core Portfolio – Old House Capital is selling a 122,822 SF two (2) building portfolio located in the Valwood Submarket.
1,600,000
1,200,000
800,000
400,000 1.0% 0.0%
0 Q1 19
Q2 19
Q3 19
Q4 19
Q1 20
Q2 20
ABSORPTION
Q3 20
Q4 20
Q1 21
DELIVERIES
Q2 21
Q3 21
Q4 21
Q1 22
VACANCY
NEW DEVELOPMENTS •
Exeter Westpark II – a 1,424,200 SF two (2) building project with Exeter in Denton, set for completion in Q3 2022
•
Denton Crossing 1 and 2 – a 699K SF two (2) building project with Scannell in Denton, set for completion in Q3 2022
•
Urban District 35 – a 441K SF four (4) building project with Urban Logistics Realty in Denton, set for completion in Q4 2022
•
I-35 Convergence, Building 2 – a 227K SF development in Denton with Hunt Southwest, set for completion in Q4 2022
•
Live Oak Logistics Park – a 230K SF three (3) building shallow bay project with by Link located off of Highway 121, set for completion in Q1 2022
•
Jubilee Lane Development – a 175K SF two (2) building project with High Street in Lewisville
•
Creekview 121 | Buildings 9 and 10 – a 145K SF two (2) building shallow bay project with Eastgroup at Highway 121 frontage. This project has been preleased.
HLC DEAL
SUBMARKET INTELLIGENCE
Q1 2022 DFW INDUSTRIAL MARKET REPORT 13
SOUTH DALLAS Absorption
vs. Prev. Qtr
CURRENT EVENTS VITAL STATS
vs. 12 Mths Ago
171,889
717,514
1,904,042
14.0%
3,200,000
Vacancy
vs. Prev. Qtr
vs. 12 Mths Ago
12.0%
2,700,000
5.2%
4.1%
6.2%
10.0%
2,200,000
Leasing Act.
vs. Prev. Qtr
vs. 12 Mths Ago
8.0%
1,700,000
6.0%
1,200,000
4.0%
700,000
2.0%
200,000
2,588,929
1,894,725
632,457
U/C SF
vs. Prev. Qtr
vs. 12 Mths Ago
25,548,438
18,202,083
6,604,281
Delivered SF
vs. Prev. Qtr
vs. 12 Mths Ago
884,737
1,084,484
-
TOP LEASE TRANSACTIONS
0.0%
(300,000) Q1 19
Q2 19
Q3 19
Q4 19
Q1 20
ABSORPTION
Q2 20
Q3 20
Q4 20
Q1 21
DELIVERIES
Q2 21
Q3 21
Q4 21
Q1 22
VACANCY
NEW DEVELOPMENTS
•
Nike has signed a 1,039,360 SF lease in 1300 East Fulghum Road off I-45 with Logistics Property Co. (LPC).
•
Southport Parkway Buildings 1 & 2 – a 2,126,880 SF spec project with Xebec
•
Amazon has signed a 1,008,140 SF lease in 3199 Telephone Road south of I-20 with VanTrust.
•
3486 Cedardale Road – a 1,084,460 SF spec development with Trammell Crow
•
Quaker Oats has renewed their 518,241 SF lease in 1350 Chalk Hill Road off I-30 with Clarion.
•
PointSouth Building 1 – a 1,013,833 SF spec development with Majestic Realty
•
LinkEx Inc has signed a 200,172 SF lease in 3535 North Houston School Road off I-20 with Prologis.
•
I-20 @ Cedardale Road – a 1,013,075 SF development with Ares
•
Central Garden & Pet has renewed their 120K SF lease in 4038 Rock Quarry Road off I-30 with DWS-RREEF.
•
3800 Cedardale Road – a 998,640 SF spec development with Morgan Stanley/Trammell Crow
HLC DEAL
DEALS IN THE MARKET •
3001 Midpoint Drive – a 1,059,671 SF Design Build by Panattoni for DSV International (seller)
•
SouthPointe 20/35 – a 1,003,733 SF two (2) building project off I-20 by Barings (Seller) to KKR (Buyer)
•
TCC Altamoore – a 616,043 SF, three (3) building project off I-20 by National Partners (Seller) to KKR (Buyer)
•
I-45 Logistics Center – a 245,299 SF 100% leased to two tenants
The overall South Dallas industrial submarket as surveyed of I-30, I-20, & I-45 is 140M SF and is now 5.5% vacant which is 0.3% higher than reported in Q4 2021. In accordance with the area surveyed, CoStar is reporting negative (1,089,802 SF) Net Absorption for South Dallas in Q1 2022. This shift is a result of construction outpacing absorption, a data point unheard of for some time. South Dallas has 24.1M SF under construction in the I-30, I-20, & I-45 corridors combined with another 16M in the pipeline. Of that construction, 22.6%, or 5.4 M SF, of the new construction is for Build-to-Suit or Design Build assignments. The remaining 77.4% or 18.7M SF under construction is speculative development. For the past 12 months the South Dallas submarket of I-30, I-20, and I-45 averaged a single digit vacancy rate of 3.5%. However, many expect that single digit vacancy to rise again soon along Interstate 20 and Interstate 45 with another 16M SF pending under construction from various developers. Please note: The area CoStar uses for the South Dallas Submarket differs slightly from the Submarket John covers. Numbers may vary.
LARGE EXISTING VACANCIES •
2900 West Drive – a 603,378 SF spec vacancy with AEW
•
4601 Langdon Road – a 488,780 SF vacancy with LINK (2nd generation)
•
2200 Danieldale Road – a 393K SF vacancy with CalSTRS (2nd generation space)
•
2800 Cedardale Road – a 343,250 SF spec vacancy with Cold Summit Dallas
EXPERTS JOHN GORMAN
CANON SHOULTS
Senior Vice President jgorman@holtlunsford.com 214.920.9800
Managing Principal cshoults@holtlunsford.com 972.280.8328
14 Q1 2022 DFW INDUSTRIAL MARKET REPORT
SUBMARKET INTELLIGENCE
SOUTH STEMMONS
CURRENT EVENTS The South Stemmons industrial submarket continues to be one of the strongest performing infill markets in the Dallas-Fort Worth Metroplex. Leasing activity has remained healthy with the submarket reporting 1.6M SF of activity. Vacancy was reported at 4.1% at the end of Q1 2022, which slightly increased from 3.7% in Q4 2021. Rental rates and price per SF continue to rise, and landlords continue to capitalize on the submarket’s irreplicable infill location. Location has continued to outweigh functionality for tenants who benefit from the close proximity to Dallas CBD, the Medical District, and immediate access to thriving Dallas suburbs.
vs. Prev. Qtr
vs. 12 Mths Ago
412,121
1,400,347
686,540
Vacancy
vs. Prev. Qtr
vs. 12 Mths Ago
4.1%
3.7%
5.4%
5.0%
Leasing Act.
vs. Prev. Qtr
vs. 12 Mths Ago
4.0%
1,668,872
2,880,191
2,117,208
3.0%
U/C SF
vs. Prev. Qtr
vs. 12 Mths Ago
2.0%
2,142,390
-
1,053,240
Delivered SF
vs. Prev. Qtr
vs. 12 Mths Ago
-
-
-
TOP LEASE TRANSACTIONS
Market Associate mcanty@holtlunsford.com 972.280.8325
1,750,000 1,250,000 750,000 250,000 (250,000)
1.0% 0.0%
(750,000) Q1 19
Q2 19
Q3 19
Q4 19
Q1 20
Q2 20
ABSORPTION
Q3 20
Q4 20
Q2 21
Q3 21
Q4 21
Q1 22
VACANCY
NEW DEVELOPMENTS
•
B2B Casuals has signed a 40K SF lease in 1314 Viceroy Drive with Stonelake.
•
Music & Arts has renewed their 30K SF lease in 4949 Sharp Street with AEW Capital.
•
4001 Irving Boulevard – 130K SF
•
Auto Pedia has signed a 29K SF lease in 9033 Premier Row.
•
2465 Joe Field Road – 128,877 SF
•
Zavate Inc has signed a 23K SF lease in 611 Mockingbird with Alpha Industrial.
•
811 Regal Row – 97,927 SF
•
3305 Manor Way – 68,300 SF
Loop 12 Central – a 267,560 SF two (2) building spec project with Jim Hendricks and Harlan Crow
Q1 21
DELIVERIES
Oro Verde Enterprises has signed a 57K SF lease in 119 Regal Row with Dogwood.
•
Managing Principal cshoults@holtlunsford.com 972.280.8328
2,250,000
6.0%
•
DEALS IN THE MARKET
MADDY CANTY
2,750,000
7.0%
Dry Farm Wines has signed a 60,425 SF lease in 1150-1166 Quaker Street with ML Realty.
HLC DEAL
CANON SHOULTS
8.0%
•
HLC DEAL
EXPERTS
VITAL STATS
Absorption
•
Core Logistics Center III | Building A & B – Building A totaling 69,256 SF and Building B totaling 110,986 SF with Crow Holdings Industrial
•
Loop 12 Logistic Center – One Building totaling 168,598 SF with Johnson Development
LARGE EXISTING VACANCIES
SUBMARKET INTELLIGENCE
Q1 2022 DFW INDUSTRIAL MARKET REPORT 15
NORTH FORT WORTH Absorption
vs. Prev. Qtr
vs. 12 Mths Ago
2,409,076
941,325
751,257
Vacancy
vs. Prev. Qtr
vs. 12 Mths Ago
8.3%
9.8%
11.6%
Leasing Act.
vs. Prev. Qtr
vs. 12 Mths Ago
1,240,912
2,480,124
3,116,027
U/C SF
vs. Prev. Qtr
vs. 12 Mths Ago
9,551,054
6,320,083
6,073,502
Delivered SF
vs. Prev. Qtr
vs. 12 Mths Ago
727,318
1,376,601
1,954,408
TOP LEASE TRANSACTIONS
CURRENT EVENTS VITAL STATS 14.0%
5,000,000
12.0%
4,000,000
10.0% 3,000,000
8.0% 6.0%
2,000,000
4.0% 1,000,000
2.0% 0.0%
0 Q1 19
Q2 19
Q3 19
Q4 19
ABSORPTION
Q1 20
Q2 20
Q3 20
Q4 20
Q1 21
Q2 21
Q3 21
DELIVERIES
Q4 21
Q1 22
VACANCY
•
•
Yusen Logistics has signed a 369,530 SF lease in Westport @ Alliance with IAC Properties.
Intermodal Logistics Center 3 – a 705K SF development with Northpoint Development
•
•
RumbleOn has signed a 257,117 SF lease in North Quarter 35 with M2G Ventures.
Westside 35 – an approximately 500K SF two (2) building front-load project with Crow Holdings Industrial
•
•
Pegasus has signed a 104,989 SF lease in Alliance Gateway with Blackstone Incorporated.
DFW Point 35 – a 485,680 SF two (2) building project with Stonemont
•
•
TSI has signed a 99,660 SF lease in Alliance Gateway 62 with Evergreen.
Champions Circle Business Park – a 361,040 SF three (3) building project with Hopewell
•
Basswood 35 – a 237,390 SF two (2) building project with EastGroup
•
Northmark Commerce Center – a 234,478 SF development with LGE and Crow Holdings Industrial
•
Port 156 Logistics Center – a 213,581 SF development with KBC/Stonemont
•
Mark IV Distribution Center – a 122,779 SF development with CL Realty
•
Air Commerce Logistics Center – a 114,400 SF development with Holt Lunsford Commercial Investments
DEALS IN THE MARKET •
Lone Star Commerce Center Phase II Land Sale – 36.4 Acres
•
Oxford Core Infill Portfolio – Fossil Creek Crossing Buildings 1-4
NEW DEVELOPMENTS •
Northlake 35 – a 2,155,680 SF four (4) building project with Texas Commercial Development
•
Mecham Commerce Center – a 1,311,911 SF four (4) building project that will kick off with a 334,751 SF cross-dock facility
•
Alliance Center East 1 – a 1,240,584 SF development with Hillwood
•
Cowtown Crossing – a 1,021,129 SF three (3) building project with TDC
HLC DEAL
•
114 Logistics Park – a 1,004,400 SF development with Logistics Property Company
•
Sylvania Crossing @ I-35 West – a 947,140 SF two (2) building project with Ironwood
HLC DEAL
HLC DEAL
The highs from 2021 have officially rolled into Q1 2022 in north Fort Worth. After setting an annual absorption record of 7.5M SF last year, the submarket has continued to trend positively with a Q1 posting of another 1.5M SF of absorption. This keeps north Fort Worth in the top spot across all DFW submarkets. Both bulk and shallow bay product types were beneficiaries of the Q1 activity, but, surprisingly, out of all of the executed leases, which comprise the 1.5M SF, none were greater than 400K SF in a single deal. In the midst of such great leasing activity, the vacancy rate rose slightly to 9.1%, which is strictly indicative of the continued construction pipeline. The submarket added another 1M SF in Q1 and currently has another 14M SF under construction.
LARGE EXISTING VACANCIES •
Speedway Logistics Crossing | Building 3 – 795,780 SF
•
Northlink | Building A – 754,473 SF
•
Mark IV Commerce Park | Building 1 – 581K SF
•
Highway 114 Distribution Center – 568,632 SF
•
Westport Parkway Logistics Center | Building 2 – 400,299 SF
EXPERTS GEORGE JENNINGS
MATT CARTHEY
Market Director gjennings@holtlunsford.com 817.632.6151
Managing Principal, Partner mcarthey@holtlunsford.com 817.710.1111
16 Q1 2022 DFW INDUSTRIAL MARKET REPORT
SUBMARKET INTELLIGENCE
SOUTH FORT WORTH
CURRENT EVENTS The south Fort Worth industrial submarket posted a Q1 2022 vacancy of 7.1%, a figure down from 7.68% in Q4 2021.This dip is a result of three larger deals totaling 502,919 SF landing at new construction in the first quarter. We expect to see this vacancy figure continue to decrease through Q2 2022 with another large wave of deals expected to land at new construction within the submarket during the coming months. South Fort Worth as a whole continues to have solid leasing activity on all existing and new product. In terms of future growth in the submarket, south Fort Worth’s next wave of speculative development is slated for delivery in Q2 2022 and Q3 2022. These projects include TCRG’s 178,880 SF rear load, Majestic’s 418,209 SF two (2) building project, and IDI’s 374,874 SF two (2) building shallow bay project. All of these developments already have panels tilted, roofs in place, and, in some cases, are pre-leased.
Absorption
vs. Prev. Qtr
vs. 12 Mths Ago
587,248
1,972,132
28,732
Vacancy
vs. Prev. Qtr
vs. 12 Mths Ago
7.1%
7.7%
Leasing Act. 1,295,285 U/C SF
3,250,000
7.0%
2,750,000
6.0%
2,250,000
7.0%
5.0%
1,750,000
vs. Prev. Qtr
vs. 12 Mths Ago
4.0%
1,250,000
2,213,810
843,093
3.0%
750,000
vs. 12 Mths Ago
2.0%
250,000
vs. Prev. Qtr
3,682,423
3,421,645
5,584,906
Delivered SF
vs. Prev. Qtr
vs. 12 Mths Ago
-
2,970,337
0
TOP LEASE TRANSACTIONS
MATT CARTHEY
Market Director tgrafton@holtlunsford.com 817.632.6152
Managing Principal, Partner mcarthey@holtlunsford.com 817.710.1111
-250,000
0.0%
-750,000 Q1 19
Q2 19
Q3 19
Q4 19
Q1 20
Q2 20
ABSORPTION
Q3 20
Q4 20
Q1 21
Q2 21
Q3 21
DELIVERIES
Q4 21
Q1 22
VACANCY
NEW DEVELOPMENTS
Saddle Creek has signed a 861,840 SF lease in South Fort Worth I-35 Logistics Centre with Clearview Investments, LLC.
•
HomeGoods Build-To-Suit – a 1,033,760 SF BTS for HomeGoods with Clarion and Crow Holdings Capital
•
Corrugated Supply Company has signed a 301,995 SF lease in 1101 Everman Parkway with Hollingsworth Companies.
•
•
DSG has signed a 293,705 SF lease in Carter Distribution Center with PGIM.
Southland Business Park Phase 2 – a 781,554 SF development part of a master planned park with Majestic Realty
•
•
Alcon has signed a 262,500 SF lease in 6440 Oak Grove Road with TA Realty.
Risinger Park South – a 655,500 SF building project with TCRG Properties
•
•
Imperial Bag & Paper Co. has signed a 106,122 SF lease in Southwest Crossing Logistics Center with Industrial Realty Group.
Southland Business Park Phase 1 – a 418,209 SF two (2) building project part of a master planned park with Majestic Realty
•
South Fort Worth Commerce Center – a 374,874 SF two (2) building shallow bay project with IDI Logistics
•
Misfits Market – a 353,970 SF BTS with Rob Riner Companies and TPA Realty
•
Everman Trade Center Building E – an 80,300 SF development with Cabot Properties
DEALS IN THE MARKET
THOMAS GRAFTON
1.0%
•
HLC DEAL
EXPERTS
VITAL STATS 8.0%
•
220 Heritage Parkway – a 459,868 SF building
•
Mansfield Urban Industrial park – a two (2) building portfolio totalling 232,092 SF
•
2101 FW 1187 – a 78K SF building
•
9001 South Freeway – a 70,269 SF building
•
2000 East Rosedale Street – a 61,691 SF building
HLC DEAL
HLC DEAL
LARGE EXISTING VACANCIES •
Fort Worth Logistics Hub | Building 1 – 670,914 SF
•
Everman Crossroads | Building 1 – 644,218 SF
•
Carter Park East | Building 1 – 549,780 SF
•
Carter Park Distribution | Building 2 – 262,500 SF
•
46 Ranch Logistics Park | Building 1 – 249,480 SF
DALLAS 5950 Berkshire Lane, Suite 900 Dallas, Texas 75225 T 972.241.8300 | F 972.241.7955
FORT WORTH 1200 Summit Avenue, Suite 300 Fort Worth, Texas 76102 T 817.710.1110 | F 817.810.9017
www.holtlunsford.com
HOUSTON 11451 Katy Freeway, Suite 300 Houston, Texas 77079 T 713.850.8500 | F 713.850.8550