Wednesday, August 06, 2014

D-FW far outpaces the rest of the state in industrial building

Almost twice as much industrial space is under construction in North Texas as there is being built in the other top Texas markets combined, according to a new report by CBRE Group.

More than 18.5 million square feet of warehouse space is being built in the Dallas-Fort Worth area, CBRE estimates.

The other top Texas industrial building markets – Houston, Austin and San Antonio – together have only about 10.5 million square feet of industrial space being built, according to the commercial real estate firm.

Most of the warehouse construction underway in the D-FW area is in southern Dallas County, in North Fort Worth and near Dallas/Fort Worth International Airport.

A majority of the local industrial space started to far in 2014 has been speculative with no tenants signed to leases.

By Steve Brown- Dallas News