Tuesday, May 22, 2012
Dallas-Fort Worth industrial leasing hits 5-year high
May 3, 2012 The Dallas Morning News By: Steve Brown
North Texas’ apartment projects and the rebounding office markets are getting most of the headlines.
But an even bigger commercial property comeback is cooking away in the industrial building sector.
During the first quarter, the Dallas-Fort Worth area’s net industrial building leasing totaled almost 1.5 million square feet.
That’s the best first-quarter net leasing tally for this sector since 2007.
Most of the net leasing gains so far in 2012 have come in industrial projects in North Fort Worth and the mid-cities.
But most major warehouse districts saw increases in occupancy, according to the latest numbers from Cushman & Wakefield of Texas Inc.