Dallas-Fort Worth was ranked fifth place when it came to leasing activity for industrial and logistics — I&L — space during the first half of 2018. In this time frame, tenants and landlords closed eight deals, totaling 5.2 million square feet, according to data released by CBRE.
CBRE’s Ryan Keiser noted that the region is attractive to regional and local e-commerce companies and third-party logistics providers because of continual population growth. “As corporate users strive for maximum supply chain efficiencies, while coping with historically low unemployment and high consumer expectations for delivery service,” he said, “we are seeing increased investment in sophisticated material handling equipment, and more focus on locating near labor submarkets that can meet demand now and long-term.”
Nationally, California’s Inland Empire led all U.S. markets, clocking in 14 transactions totaling 11.6 million square feet.
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