The Dallas/Fort Worth industrial market is firing on all cylinders as plentiful options, low-rate financing, available land, and Texas’s business-friendly disposition continue to position the metroplex as an attractive place to do business while existing infrastructure facilitates national and global trade.

Maintaining its momentum, despite an ongoing pandemic, the Dallas/Fort Worth (DFW) industrial market had another strong quarter marked by 3.9 million square feet (msf) of positive net absorption. The DFW Airport and North Fort Worth submarkets saw the highest levels of net absorption at 1.9 msf and 947.7 square feet (sf) respectively while three submarkets dipped into negative territory, the largest of which was negative 423.8 sf seen in the South Stemmons Freeway submarket. As consumer purchasing trends continue shifting online with the COVID-19 pandemic acting as its catalyst, demand from e-commerce retailers, third-party logistics providers, and last-mile delivery servicers are expected to remain elevated in the near- to medium-term. In fact, two tenants committed to more than 1.0-msf leases this quarter as Uline Shipping Supplies – who also signed for 495,000 sf this quarter – committed to 1.1 msf in the DFW Airport submarket while Amazon’s appetite for space was temporarily satiated by a 1.04-msf lease at 9155 Southlink Drive.

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