Q4 2022: DFW Industrial Market Report
Our report provides a snapshot of the market, top lease transactions, submarket data, as well as with key trends and takeaways on the state of the industrial market in DFW.
The pace of construction has accelerated over the past five years, placing Dallas-Fort Worth in the top spot for industrial construction in the country. Developers can work quickly thanks to abundant, relatively cheap land. There is more than 80 million SF underway or 8% of current inventory, and developers have grown existing inventory by 24% since 2015. Industrial tenants continue to take space at a rapid clip, grabbing 64 million SF in 2022.
Rent growth has accelerated over the past two years, tracing robust demand. Outperforming demand and rent growth has driven interest from investors, with sales volume shifting higher over the past two years. Rent growth has trended positively at 12.4% annually and is outpacing the national average, a rarity for a market with relatively low barriers to entry.
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