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Market Report

Dallas-Fort Worth Industrial Market Report

Midyear 2022

Historic 2021 Performance Spurs a Cascade of
Speculative Builds, Triggering Slight Vacancy Lift

Availability still very tight, but a bottom was set. Following an excellent 12-month stretch when vacancy fell at least 30 basis points in every quarter of last year, the rate inched up marginally in the opening frame of 2022. Still, the measure of 5.3 percent in March was a lower vacancy rate than in any period spanning 2001-2020. Availability is expected to remain on a mild upward trajectory as the year progresses, but it is not a fault of weak demand. In fact, net absorption is projected to exceed the market's long-term average by more than 70 percent in 2022, boosted by large-scale commitments. In the first six months of this year, at least 20 new leases were signed for spaces larger than 200,000 square feet. About half of these were located in Greater Fort Worth, where industrial construction and demand are booming as firms seek out lower costs.
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