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