Marcus & Millichap

Dallas Fort Worth Industrial Market Report

Second Half

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Booming Local Economy Motivates Firms to Grow Footprint in One of Nation’s Key Logistics Hubs

Wide array of companies growing their logistics network in Dallas/Fort Worth. As the metro has one of the nation’s strongest economies, along with rapid population growth, Dallas/Fort Worth has seen business expansion that drives demand for industrial space. Even with the addition of more than 100 million square feet to the Metroplex since 2013, the vacancy rate has remained on a downward trend, falling below 6 percent in the second quarter of this year. A variety of firms have been fueling absorption, including consumer goods manufacturers such as Kohler and GE Appliances, third-party logistics firms UPS and FedEx, and e-commerce giants like Amazon and Wayfair. These companies, along with others, have added major distribution facilities to the Metroplex over the past year. As it is one of the country’s largest distribution hubs, and Texas is the nation’s top exporter, Dallas/Fort Worth has a massive volume of goods flowing through it. To keep up with rising space demand, 29 million square feet is scheduled for delivery this year, more than any other metro.

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