Chart of the Week: Industrial Demand Driving DFW Land Prices

0 CommentsBy

By: Walter Bialas  Bialas, Walter new

Recently, we highlighted that the drivers of our industrial market are continuing to keep a strong pace. One additional area that this is impacting is land pricing.

While differences exist in location, access, size of the site, and improvements – pricing has been going up.  South Dallas, due to its emerging location, has recently seen rates hit $2.40 per square foot.  This reflects an increase of 80% in three short years.  By comparison, the established Greater Southwest / Arlington submarket is now coming in at $3.00 per square foot, or 25% above 2013.

Quite simply, the solid market dynamics are driving this demand for land – we’ve listed the improvement in occupancy for each submarket below.

We decided to take a look at numbers from 2010 because land prices tend to lag behind the market’s overall movement and amazingly, occupancy in Greater Southwest is now almost 12 percentage points higher.

Industrial Land Prices on the Rise - 7.15.16

For more articles by Walter, please click here. You can also find reports and articles from the JLL Research team at http://www.jll.com/dallas/en-us/research.

Subscribe CTA

Leave a Reply

Your email address will not be published. Required fields are marked *