Article by @SteveBrownDMN and the Dallas Morning News
Fueled in part by the growth of Internet retailing, demand for warehouse and distribution space in North Texas continues to outpace new supply.
During the second quarter, net leasing for Dallas-Fort Worth warehouse space added up to 6.6 million square feet – one of the highest net leasing totals in the last decade, according to commercial real estate firm CBRE.
“A fair percentage of it is definitely e commerce related,” said CBRE senior vice president Steve Trese. “Dallas is one of the most diverse economies in the country.
“And this year we are seeing a really diverse source of industrial deals.”
Some of the largest warehouse leases during the quarter were made by FedEx Ground, MARS Petcare, Rheem and Marco Co., according to CBRE.
Builders delivered 6.2 million square feet of industrial space during the quarter. And more than half of the new warehouse buildings were already leased, CBRE found. Read More >