Speculative development still sluggish in Dallas despite low industrial vacancy

08/8/2013 | GlobeSt.com

In the Dallas-Fort Worth area, industrial vacancy has been in the single digits since January, but there has been little speculative building, due largely to lender restraint and overbuilding. However, spec development now is slowly making a comeback, possibly due to a shift by industrial developers from being people-oriented to logistics-oriented, choosing to build in areas close to infrastructure versus population centers, according to Terry Darrow, managing director with Jones Lang LaSalle's Dallas office.

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