• SCREA

Ready for 306M more square feet to hit the market?

What you might find interesting are the following bullets from the article:

• 125M square feet has already delivered in the first half of this year (29% of that was Build To Suit)

• Only 35.9% of that total new construction is vacant

• 71% of the total 125M SF was Spec and almost half of that is already leased

• Total US vacancy rate is 4.9% - most major markets like DFW use 6% as the benchmark for justifying new development

• Over and above the 125M SF that has already delivered in the first half, there is another 306M square feet under construction!!!


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