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What is Actually Under Construction vs. What's Conversation

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A snapshot of North Texas' industrial market with Colliers

Mike Otillio, Research Director, and Allen Gump, Executive Vice President, Colliers sat down with Dallas Business Journals to weigh in on North Texas' industrial market. 

“The industrial world has had so much under construction, and Dallas, of all markets, is the highest under-construction square footage-wise. It’s been that way for about the past year,” - Mike Otillio 

“We have a huge number of people out there tying up sites to build, and it’s a daunting task to try to keep track of what all is actually under construction vs. what’s conversation,” - Allen Gump

“Even if people classify it as overbuilt, these buildings are going to be in-use for the next 30 years. Those 90s construction builds are still very competitive properties,” - Mike Otillio

"Developers build these larger 700,000-square-foot buildings, and it’s sort of a tweener size. It's not a million, but it's not a half-million obviously." -Allen Gump

They both spoke more about the state of industrial in a sit down Q&A with the Dallas Business Journal. 

Originally posted by Dallas Business Journal, read full article here.

 

 


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What is Actually Under Construction vs. What's Conversation

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Allen Gump

Executive Vice President

Dallas

Allen Gump is an Executive Vice President in the Dallas-Fort Worth Industrial division at Colliers. Allen and his team specialize primarily in tenant representation with Logistics and Transportation Solutions Groups in the entire Dallas-Fort Worth Industrial marketplace. 


With over 35 years of experience in the real estate industry, Allen is a well-recognized industrial expert for North Texas. He has a solid and respectable reputation with other real estate brokers and with his clients. He has developed an unparalleled understanding of the industrial market and is well-versed in handling leases, sales, and build-to-suit projects. Allen is dedicated to giving back by providing insight to industry professionals and helping mentor new brokers. 
 

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Mike Otillio

Research Director

Dallas

Mike Otillio is the Research Director  for Colliers International in Dallas, Texas. In this role Mike supports all of the brokers in the Dallas Office in all property types. His expertise is in gathering hard to get commercial real estate information and helping turn that information into commercial real estate knowledge for the brokers.

Mike has extensive experience in Commercial Mortgage Backed Securities and a Bloomberg terminal. Whether the project is related to building ownership information, company research, or Microsoft Excel and everything in between, Mike can help find the answers.

Mike’s knowledge of online commercial real estate tools and his natural tendency to always be on the lookout for better, improved tools make him great resource when it comes to searching for commercial real estate information.

Before working in commercial real estate, Mike worked for the Lafayette Economic Development Authority in Lafayette, Louisiana, starting first in the Research Department, and eventually becoming the Business Recruiter for Lafayette Parish (County). During his time in Economic Development, Mike worked towards receiving his certification in Economic Development through the University of Oklahoma’s Economic Development Institute. This education makes Mike a knowledgeable asset to the team when it comes to working with Economic Development agencies throughout the area. Mike also spent 4 years working in the research department at Mohr Partners.

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