DFW’s industrial metrics remain robust, according to an Avison Young survey. Vacancy for properties delivered in 2020 and 2021 is now sub 6%, slightly tighter than the market average and demonstrating strong demand for newer product. In comparison, buildings delivered in 2022 are roughly 33% vacant. Due to tight supply and consistent demand, DFW’s industrial rents have been steadily increasing over the last several years.
The area’s total job base has grown by 7.8%, with 82,000 net new jobs added in warehousing, wholesale trade and manufacturing sectors—an 11.1% increase from prior year levels—helping major Texas metro areas avoid a slump despite headwinds elsewhere across the country . Greg Langston of Avison Young commented that “the region continues to grow as an important U.S logistics hub due its affordability compared to other major markets.”
