Yet another large scale warehouse project is coming to Dallas according to a Dallas Morning News article published on December 17th. In it they say:
“Developer Duke Realty is headed to southern Dallas County for its next big warehouse project. The Indianapolis-based industrial and office builder plans to construct a more than 430,000-square-foot distribution building in Wilmer, according to planning documents. Duke’s planned Intermodal III project is in the Sunridge Business Park just east of Interstate 45, according to filings with the state. Construction on the $19 million project is scheduled for completion next summer. Duke Realty representatives were unable to provide more details for the development. The new industrial building is in an area that already has several major shipping hubs. Amazon, American Standard, Smuckers, Ace Hardware, Unilever and MedLine occupy surrounding buildings.”
This is just the latest in a slew of warehouse projects that have come to the city. In fact this surge in building projects has propelled Dallas-Fort Worth to the top of the country in the market of industrial building according to another Dallas Morning News article published on November 30th. In it they say:
“When it comes to the leasing of industrial buildings, Dallas-Fort Worth is the undisputed king. Fueled by increased demand from the COVID-19 pandemic, the D-FW area has seen a surge in net leasing of warehouse and distribution buildings. During the 12 months ending in September, net leasing of North Texas industrial buildings has totaled a staggering 32.6 million square feet, according to data from commercial property firm Cushman & Wakefield. The D-FW area had almost 5 million square feet of industrial space absorption in the third quarter alone. And for the full four quarters, North Texas far outpaced the No. 2 U.S. market, Pennsylvania’s Interstate 78 and Interstate 81 corridor, which had 21.7 million square feet of net leasing during the 12-month period.”
Not even a global pandemic could suppress Dallas’ meteoric rise in industrial building.