06 Oct D-FW real estate report card has good and bad news
A third quarter scorecard for Dallas-Fort Worth’s real estate market shows some winners and losers.
The industrial and warehouse sector is the hot market in the most recent quarter with more than 8 million square feet of net leasing.
So far in 2017, warehouse and distribution tenants have snapped up about 16 million square feet of North Texas industrial properties — one of the highest leasing totals in the country. Most of the industrial demand is driven by ecommerce and consumer goods.
And with more than 16 million square feet of industrial projects in the development pipeline, the fourth quarter is likely to see another strong warehouse leasing total.
In the office building sector, net leasing has added up to almost 4 million square feet in through the third quarters. With big tenant move ins included Liberty Mutual Insurance and other companies scheduled for the final months of 2017, we can expect to end the year with a big surge in leasing.
And since office construction has slowed a bit to around 6 million square feet of building, the D-FW market is less likely to see an oversupply of space like in some previous economic cycles.
Read More via Dallasnews.com