Rapid in-migration, job growth supporting above-average economic growth. Fueled by its central location and massive land area, the Metroplex is supporting rapid improvement in the industrial sector. While vacancy has remained steady near the mid-6 percent range since 2014, the average rental rate has surged. The roughly 20 percent rise in prices per square foot over this time frame has occurred despite an average influx of more than 22 million square feet of new space per annum. In 2019, construction will tick up moderately above the four-year average, yet leading Fortune 500 firms including Home Depot, General Motors and PPG Industries highlight the incredible demand for space in the market. As a result, vacancy will decline marginally, led by locations to the southwest of the core, where already-tight conditions will remain in place. This will allow rent growth to expand at a mid-single-digit rate .