Dallas Fort-Worth industrial real estate market reports
Q3 2023
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 has seen 23.6 msf of net absorption and 38.8 msf of leasing activity, which are in line with the region’s solid past performance. The region has also added 25,000 industrial job this year.
Industrial leasing activity
DFW industrial demand is still robust. During 2023, the market saw 23.6 msf of net absorption and 38.8 msf of leasing activity.
Vacancy
Vacancy ticked up and has moved ahead of its long-term average but that isn’t the whole story. Recent deliveries are impacting vacancy as they lease up.
Rents
The average DFW industrial rent has hit $7.29 psf. That is an increase of 15% since the end of 2022 and 60% in the last 5 years, but DFW is still very affordable compared to other major U.S. markets.
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