​​Beneath the Surface: Decoding Dallas-Fort Worth’s Industrial Vacancy​

The Dallas-Fort Worth (DFW) industrial market has undergone a significant transformation in recent years, marked by historic levels of development and demand. Because of this, the metroplex has led the nation in both industrial leasing and construction completions for two consecutive years. However, as demand has cooled off, DFW’s vacancy rates have risen. While vacancy will likely continue to rise, it is not necessarily a true depiction of market conditions—increased vacancy is being driven by a record influx of new inventory amidst a return to normalized demand. 

While vacancy rates are rising, increased vacancy has been primarily propelled by a record amount of new space delivering to the market vacant. Buildings built in 2023 account for nearly 50.0% of Dallas-Fort Worth’s vacant space—new buildings are responsible for the surging vacancy rate. Conditions are much tighter for older and smaller properties, where rental rates are lower than the premium-priced new construction—buildings built before 2023 have a vacancy rate of just 4.5%.  
 
This report dives into the multifaceted aspects of vacancy within the DFW industrial market. It provides an in-depth analysis of where these vacancies are concentrated in both the current landscape and projected future supply. Vacancy statistics are dissected by examining various factors such as building generation distinctions, building types, and building sizes.  

Download the report to learn more.