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DFW Airport Industrial Opportunity

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DFW Market Update 1Q26.pdf

Market Report
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Industrial Comparable Sales.xlsx

Comps
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Lease Abstracts 1Q26.xlsx

Lease Abstracts
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What does the latest DFW Airport industrial data imply for our investment memo?

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What does the latest DFW Airport industrial data imply for our investment memo?
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The DFW Airport industrial submarket still looks liquid but competitive. Cushman & Wakefield shows 11,798,833 SF vacant in Q1 2026 PDFmarket_report, while CBRE implies roughly 10.5M SF vacant from a 95.15M SF inventory and 11.0% vacancy rate PDFmarket_report. For the memo, I would underwrite a slower lease-up case, widen the vacancy sensitivity, and support the conclusion with both Q1 market reports.

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