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.