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Large move-ins drove market performance
The Dallas–Fort Worth industrial market began the year with impressive positive absorption of 12.4 million square feet (msf), bringing the market vacancy rate below 10.0% for the first time since Q4 2023. This performance was largely driven by move-ins exceeding 1.0 msf and two major build-to-suit deliveries. Leasing activity was heavily concentrated among third-party logistics (3PL) firms, which accounted for four of the top five leases. One of the largest leasing transactions of this quarter was DSV Contract Logistics’ 1.0-msf lease of 3400 Catherine Court in North Fort Worth. On the delivery side, a notable completion was Dick’s Sporting Goods’ 804,920-square-foot (sf) facility at 10001 Old Burleson Road.