Industrial occupier demand in the Dallas-Fort Worth area remains robust as COVID-19 drives E-commerce activity, placing increased demand on large-scale distribution facilities.

Q1 2020 saw 9.5 million square feet (msf) of leasing activity, up from Q4 2019 and down 1.1 msf year over year. Amazon appears twice on the top lease transactions list for Q1 2019 as it committed to 1.0 msf in the DFW Airport submarket and 465,000 sf in North Fort Worth, comprising 15.8% of total transaction volume by square footage for the quarter. Total net absorption reached 8.5 msf with the largest contributing submarket being South Dallas at 3.4 msf, followed by the Great Southwest/ Arlington submarket with 1.9 msf of positive net absorption. Vacancy rates decreased 20 basis points year over year to 7.0%, alluding to the resiliency of the DallasFort Worth industrial market.

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