- Dallas–Fort Worth recorded $415M in industrial transactions through February 2025, leading the nation, according to CommercialEdge data.
- With 24.1M SF under construction across 96 properties, the Metroplex has the largest development pipeline in the US, significantly outpacing national averages.
- Despite strong growth, DFW faces challenges, including one of the highest industrial vacancy rates at 9.7%, reflecting a sharp year-over-year increase
A Market on the Move
Per Commercial Search, DFW continues to dominate the US industrial sector, according to new data from CommercialEdge. The Metroplex closed $415M in industrial sales through the first two months of 2025, with average sale prices at $112 PSF—leading the Southern region.
WPT Capital Advisors was among the biggest players, purchasing two fully leased Class A warehouses totaling 1.1M SF at Elizabeth Creek Gateway in North Fort Worth from LBA Realty.
Development in High Gear
At the end of February, Dallas-Fort Worth had 24.1M SF of industrial space under construction across 96 properties—accounting for 2.4% of existing inventory, well above the national average of 1.7%.
New projects include an 800,000 SF regional distribution center for DICK’s Sporting Goods at Hillwood’s Risinger/35 Logistics Park in Fort Worth. The facility, featuring sustainable building initiatives, is scheduled for completion in early 2026.
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Deliveries and New Openings
The Metroplex saw nearly 3M SFof industrial space delivered by February, representing 0.3% of its total stock. Holt Lunsford Commercial and Principal Asset Management recently completed Gateway Crossing Logistics Park in Forney, adding over 1.7M SF to the market.
Despite strong deliveries, only Phoenix exceeded DFW in early 2025 industrial completions.
Vacancy Challenges
Vacancy remains a concern, with DFW’s industrial vacancy rate rising to 9.7%—a 520-basis-point jump year-over-year. Among major markets, only Indianapolis matched DFW’s high vacancy rate.
Still, leasing activity remains strong. CJ Logistics America signed a lease for Building 1 at Southport Logistics Park in Wilmer, Texas, committing to 1.1M SF as part of its ongoing DFW expansion.
Why It Matters
Dallas-Fort Worth remains a key player in the US industrial market. Strong sales, steady construction, and major leases highlight its role as a logistics hub. However, rising vacancy rates suggest that supply may be outpacing demand.
Developers must balance new projects with tenant absorption to avoid market strain. Investor confidence remains strong, with big commitments like CJ Logistics and DICK’s Sporting Goods. DFW’s performance will be critical to watch in 2025. It reflects not only local market strength but also broader trends shaping industrial real estate nationwide.
