If you can not understand why the housing market of DFW continues to be so strong, remember that the industrial leasing at our area set a record in the last year. So, more industrial leasing nowadays means much more jobs; and this means stronger, big demand for houses, apartments and condos.
According to the report publicated by commercial realty firm CBRE, about 25 million of square feet of industrial and warehouse property was rented around area of DFW in year of 2016, that means record high results. And according data of Dallas Morning News report, that’s nearly 2.6 mm of square feet more than it other, previous record, that was recorded in the year of 1999.
Southern Dallas County zone saw the biggest growth in industrial and warehouse leasing, recording 5.5 mm of square feet during the past year. North Forth Worth also showed brilliant results at this area, but saw only the second biggest growth in the industrial leasing and finally there were registered 5.4 mm of square feet of space leased over the past year.
Local real property developers also recognized the rising trend in the area of industrial leasing and the construction for more than 22.7 mm of more square feet of warehouse and industrial space was completed during 2016 too. This results means the biggest level of the new development in this category and for any year in North Texas.