CoStar 2017 Year End Industrial Report Highlights

 

Deliveries and Construction: During the fourth quarter 2017, 34 buildings totaling 6,840,572 square feet were completed in the Dallas/Ft. Worth market area. This compares to 31 buildings totaling 5,916,675 square feet that were completed in the third quarter 2017, 38 buildings totaling 4,705,121 square feet completed in the second quarter 2017, and 11,263,737 square feet in 57 buildings completed in the first quarter 2017.

Vacancy: The Industrial vacancy rate in the Dallas/Ft. Worth market area decreased to 6.4% at the end of the fourth quarter 2017. The vacancy rate was 6.5% at the end of the third quarter 2017, 6.5% at the end of the second quarter 2017, and 6.7% at the end of the first quarter 2017.

Rental Rates: The average quoted asking rental rate for available Industrial space was $5.60 per square foot per year at the end of the fourth quarter 2017 in the Dallas/Ft. Worth market area. This represented a 6.3% increase in quoted rental rates from the end of the third quarter 2017, when rents were reported at $5.27 per square foot.

Sales Activity: Tallying industrial building sales of 15,000 square feet or larger, Dallas/Ft Worth industrial sales figures fell during the third quarter 2017 in terms of dollar volume compared to the second quarter of 2017.

 

FULL REPORT: CoStar 2017 Year End Industrial Report