Newly released data shows that Dallas-Fort Worth had by far the most active industrial market in the country in terms of pending deliveries.
The metroplex has 24.1 million square feet of industrial space under construction across 96 properties, according to CommercialEdge. For comparison, Phoenix, in second place, has 15 million square feet in the pipeline, nearly 38% less than DFW.
The April 28 report pointed to e-commerce activity driving industrial sector growth nationwide. Across the country, core retail sales increased 3.4% between 2023 and 2024, but online sales surged 8.0% during that same period.
Construction on around 2.4 million square feet of industrial space across seven properties kicked off in the metroplex during the first two months of 2025. That represents 0.2% of the total stock, compared to the national average of 0.1%.
As of February, the metroplex’s industrial sector had experienced nearly three million square feet of deliveries year-to-date. Collectively, the 16 properties accounted for 0.3% of the region’s total stock, which is in line with the national average.
Only Phoenix surpassed DFW in industrial delivery with 6.6 million square feet during that period.
Dallas-Fort Worth also experienced impressive growth in in-place rent, which is rental payments made by tenants under existing lease agreements. In March, DFW in-place rents were up 8.5% over the previous year, the fifth highest in the nation. Nationally, in-place rents rose 6.8%.
