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Fort Worth Industrial/Warehouse Space In-depth
Fort Worth industrial space is eye-catching to many companies because of its healthy economic climate- primarily due to low operational costs, abundant available land for new industrial development and expansions, and the ready availability of a skilled work force attracted by business opportunities, and an overall cost of living lower t... Read More
Fort Worth Industrial/Warehouse Space In-depth
Fort Worth industrial space is eye-catching to many companies because of its healthy economic climate- primarily due to low operational costs, abundant available land for new industrial development and expansions, and the ready availability of a skilled work force attracted by business opportunities, and an overall cost of living lower than other major cities in Texas.
Fort Worth is the fourth largest industrial space market in the nation with over 400 million square feet of industrial space in Fort Worth. Fort Worth industrial space also offers one of the most highly diversified economies in the United States and superiority in transportation (air, rail, highways, and mass transit).
Industrial space in Fort Worth has proven attractive to high-quality users with significant space requirements and confidence in the depth of the Fort Worth industrial market. Peripheral enterprises, attracted by these larger users, continue to expand the Fort Worth industrial space marketplace.
Catering to various transportation needs is the name of the game in the Fort Worth industrial space market. Millions of square feet of industrial space will be developed in the I-20/I-45 corridor during the next few years due to the intermodal facilities' superior highways, cost of land and workforce.
The Fort Worth industrial space market recently opened the year with 4.1 million square feet of demand. Once again, the warehouse/distribution sector leads the way in terms of advances accounting for 3.2 million square feet of the total Metroplex absorption.
Industrial space in Fort Worth continues its strong expansion. Highlights include a net absorption of 5.9 million square feet, 2.8 million square feet of sublease space as well as 18.6 million square feet of industrial space under construction in Fort Worth.
Fort Worth industrial space provides a strategic location along the NAFTA highway as a major distribution center to areas of the Midwest and South; becoming an important distribution hub. Rising demand derived from the growing economies that the Fort Worth industrial space serves will continue to support job growth during the forecast horizon.
Available Fort Worth industrial space and land, as well as its favorable business costs, is also drawing employers seeking flex space for their regional headquarters. Development throughout the Metroplex is expected to peak this year with the addition of 8 million square feet of industrial space in Fort Worth. Developers are focusing on neighborhoods near intermodal transfer stations, such as Union Pacific’s facility along Interstate 45. Areas surrounding Dallas/Fort Worth International Airport, which handles 60 percent of all air cargo in Texas, are also seeing escalated construction activity. Relocate, expand or open your business with industrial space in Fort Worth.
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