DFW Faces All-Time Low Vacancy Percentage
The industrial market in the second quarter of 2018 has been strong. The strong market brought several elements to the table, such as:
- 4 % vacancy
- 1 million completions
- 1 million absorption
- 7 million construction
- 2 % annual rent growth
According to JLL, some US markets consider 6.4 percent vacancy to be on the higher end. However, sub-markets are a lot different with 6 of our 9 sub-markets operating at under 5 to 6 percent.
Low industrial vacancies bring an anticipated rise in rent growth. Rents are currently averaging at $4.57 per square foot and at $5.00 per square foot in top rated locations.
Investors are encouraged to take lease-up risk by acquiring empty buildings.