Dallas Fort-Worth industrial market report

Q3 2024

DFW continues as a premiere U.S. logistics hub due to its affordability, central location, and access to roads, rail, and air that allow it to serve a large part of the country. While demand looks out of balance, the market remains strong. Vacancy increased mostly due to a lease-up lag of the newest deliveries. With demand still above trend, the pipeline slowdown should help the market regain a more normal balance into 2025.
30.9 msf

Industrial development decelerates

Development has slowed notably in the last year, coming back more in line with past trends. This should allow vacancy to tighten in 2025.

17.9 msf

Demand may look off kilter but the markt remains strong

While off its peak, demand is sustainably strong. It may take over a year for vacancy to improve closer to DFW’s 8-9% long-term trend.

$7.85 psf

DFW continues as a premiere U.S. logistics hub

Affordability is one key to DFW’s success as a U.S. logistics hub. Rent plateaued in 2024 and remains one of the most affordable options.

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