Dallas Fort-Worth industrial real estate market reports
Q4 2024
While DFW’s industrial sector has slowed slightly from its historic highs of the last few years, demand is still robust. In 2023, the market saw 28.6 msf of net absorption and 51.6 msf of leasing activity, which are in line with the region’s solid past performance. The region has also added 25,000 industrial jobs this year.
51.6 msf
Industrial leasing activity
DFW industrial demand remains robust. During 2023, the market saw 28.6 msf of net absorption and 51.6 msf of leasing activity.
9.9%
Vacancy
Vacancy moved higher at the end of 2023, ahead of its long-term average. This was mostly due to the large pool of recent deliveries in lease-up.
$7.60
Rents
The average DFW industrial rent hit $7.60 psf. That is an increase of 19% since the end of 2022 and 66% in the last 5 years. While rates are up significantly, DFW is still very affordable compared to other major U.S. markets.
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