News

D-FW is one of the top U.S. cities for mega warehouse deals

By Michele Schueler on Nov 12, 2018 at 03:02 PM in Industry News

With more than 14 million square feet of net leasing so far in 2018, the Dallas-Fort Worth area is one of the fastest growing industrial building markets in the country.

It's also one of the cities seeing the most mega warehouse deals.

In the first half of the year, D-FW warehouse tenants have completed eight of the country's largest industrial and logistics deals. That ranks the areas fifth nationally for such transactions, according to commercial property firm CBRE.

"The D-FW industrial market continues to be a preferred destination for regional distribution and fulfillment centers as well as local distribution centers serving DFW's high growth demographics," said Ryan Keiser, Senior Vice President in CBRE's Dallas office, said in a statement.

CBRE looked at the 100 largest warehouse and industrial leases in the U.S. in the first half of 2018 for its new comparison. Thirty of the deals were for buildings with more than 750,000 square feet.

The tenants in the transactions included manufacturers (14 leases), food and beverage providers (11), retailers (seven) and technology companies (four).

Some of the largest recent D-FW warehouse leases have been made by candy maker Mars, Vistaprint, Better Home Products, Quest Window Systems and Amazon.

About 20 million square feet of warehouse space was under construction in North Texas at the end of September.

Source: CBRE 
Source: CBRE