Development pipeline stays active, but tilts towards build-to-suit projects

The Dallas–Fort Worth industrial market continues to grow, with 29.4 million square feet (msf) under construction, up from 17.0 msf one year ago. While speculative developments continue to make up the majority of the current pipeline, the share of build-to-suits has increased from 8.5% to 41.0% over the past two years. This shift toward tenant-anchored projects, along with rising construction activity, signals continued risk aversion among developers and lenders, despite sustained tenant demand. The two largest projects under construction—Amazon (1.7 msf) and NorthPoint Development (1.2 msf)—are both build-to-suit and located in Fort Worth submarkets.

Read the full report