Dallas Leads Industrial Growth for Third Straight Year

Nationally, more than 690 million square feet of industrial supply is under construction. A recent Commercial Edge survey said, that’s up from last year’s previous all-time high of 592 million square feet, so industrial development is still accelerating with positive indicators such as higher last-year leases compared to in-place leases as well as record low vacancies.

The high-demand Dallas market is poised to deliver the most industrial space nationally. Dallas has the most industrial space in the pipeline for the third year in a row with 61.6 million square feet under construction. Specifically, the 61.6 million square feet of space in the pipeline represents a 60% increase compared to last year’s 38 million, as well as a sizable 7.1% of the market’s current stock. Between logistics, manufacturing and specialized asset types, industrial development in the Metroplex is poised to keep chugging along for another year to meet the sustained demand.