The Dallas-Fort Worth industrial market continues to lead the nation in construction activity
“With nearly 400,000 households located within a 10-mile radius and 1 million households within a 20-mile radius, Westside 35 is in a strategic infill location that gives tenants operating fulfillment and last-mile distribution strong access to labor and enables them to efficiently serve the densely populated end-consumer base,” said, Director, Logistics Acquisitions, CBRE Investment Management, in a prepared statement.
Westside 35 is located in the Fossil Creek/Meacham submarket. New development opportunities in the submarket are limited due to land constraints and macroeconomic headwinds. The lack of supply, coupled with a strong demand for space near population growth and major thoroughfares, has contributed to high submarket occupancy and a low vacancy rate of 5.4% at the end of Q3 2022, according to a news release. , Deputy Portfolio Manager, Strategic Partners U.S.
as both tenant/developers and owner-occupiers continue their demand for space, according to JLL’s Dallas-Fort Worth Industrial Insight Q3 report.
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