Q2 2023 Dallas Industrial Market Report
Demand for industrial space is coming down from a rapid pace set over the past fewyears. Vacancy rates in Dallas-Fort Worth are expanding as deliveries outpace net absorption through mid-2023. Deliveries spiked to their highest level on record, with half of that volume coming from buildings 500,000 square feet or greater. The pace of industrial development is cooling through mid-2023, with construction starts ticking lower over the past three quarters.
As companies reevaluate their supply chains following the recent passage of the CHIPS and Science Act grant, the metroplex is well-positioned to take advantage of future opportunities. While demand is down from recent highs, the DFW market shows signs of resiliency as it continues to attract firms and grow in employment and population.
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