Interesting
piece from a few days ago on the DFW industrial property market.
"Currently, the DFW vacancy rate stands at 12.2 percent, down from 14.5 percent at the bottom of the downturn. In normal times, a 12-percent vacancy rate would be a trigger point for development. ...
...trends in commercial real estate—which includes industrial properties—usually lag behind residential sector trends by one to two years...
[Developer from Jones Lang LaSalle Inc. Terry Darrow] is optimistic the DFW property market has found a bottom. Due to falling vacancies and little new supply, rental rates have begun to stabilize, he says. Rents are starting to show marginal improvement, and landlords are more reluctant to offer concessions to lure or keep tenants, he adds.
Darrow says that while 2011 will be a "firming year" for DFW industrial property, he doesn't expect the pendulum to swing the sellers' way until the very end of 2011 or the start of 2012. He advises companies looking to make a deal in the market to act sooner rather than later.
"If you are ever going to consider a move, now is the time," he says. "
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