Dallas-Fort Worth Industrial Market Report

Metroplex pipeline leads country by historic gap. From 2019 through 2022, Dallas-Fort Worth recorded the greatest amount of industrial space added nationally in each year, topping the next-closest market by an annual average of about 2 million square feet. This year, the Metroplex once again leads the country in completions, but the margin expands to a historic width. Dallas-Fort Worth’s projected 44 million square feet of supply additions during 2023 exceeds the second-place metro — Riverside-San Bernardino — by roughly 13 million square feet. The colossal nature of the local pipeline would pose challenges to vacancy in a normal year, but supply pressures will be particularly visible near-term amid a potential economic slowdown. As of mid-June, approximately 70 percent of 2023 deliveries were marked as available for lease. Unaccounted for new supply is the densest in South and East Dallas, as well as North Fort Worth: areas of desirable access to key logistics routes.