Dallas-Fort Worth Industrial Market Report
Oversupply in Dallas-Fort Worth Beginning to Dissolve as Demand Catches Up to Additions
Unquestioned demand tailwinds in place. More than 316,000 households are expected to form in Dallas-Fort Worth throughout the next five years, boosting demand for goods and services. Major retailers have been actively leasing industrial space in the Metroplex as they expand omnichannel operations after the online shopping boom and add distribution centers to support planned store additions. Walmart occupied 1 million square feet in North Fort Worth in May, while Lowe’s absorbed 650,000 square feet in Denton this March. Logistics demand is also robust due to population growth and connectivity via thoroughfares to other major markets. Uline moved into 1.1 million square feet in Irving early this year and DSV International committed to 1 million square feet in Lancaster, planning to begin operations next January.