Dallas-Fort Worth Industrial Market Report
Long-Term Advantages of Dallas-Fort Worth Encourage Tenants and Investors to Place Stake
Demographic outlook and centrality are key drivers. Robust population growth underscores the need for logistics and warehousing. Locations that can service e-commerce fulfillment in fast-growing north Dallas suburbs are particularly attractive. At the same time, small properties in the urban core with last-mile capabilities are more desirable amid the rise in online shopping. The expanding employment base also encourages manufacturing and other space users to establish a footprint, considering available workers may be easier to find relative to other metros. A strong outlook and the metro’s standing as a regional hub within 300 miles of several other high-growth markets has persuaded firms to commit to long-term leases. Commitments of 10-plus years for 100,000-square-foot-plus spaces were signed this year in South Fort Worth, Plano, Grapevine, Carrollton and Irving.