Allen, Texas Industrial Listings
Est $101,553.48/mo
$1.33 SF/Mo
$15.96 SF/Yr
76356 SF
Est $115,488.37/mo
$0.59 SF/Mo
$7.08 SF/Yr
195743 SF
Est $19,034.95/mo
$0.66 SF/Mo
$7.95 SF/Yr
28732 SF
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Allen, TX Warehouse Industry Market Report
Understanding the warehouse industry market in Allen, TX can be a game-changer for executives and project managers eyeing significant investment opportunities. Many might overlook this area due to its perceived saturation compared to larger cities like Dallas or North Dallas.
But here’s an important fact—Allen stands out with unique advantages such as proximity to major highways like State Highway 121 and US-75, making it a strategic spot for industrial growth.
Backed by years of expertise in commercial real estate, backed with robust data on metropolitan trends—this report will delve into everything from vacancy rates and leasing activity to key players shaping the market.
Allen Current Market Overview
Allen, TX, is experiencing significant growth in the warehouse industry. With its strategic location near Dallas-Fort Worth, Allen has become a key hub for logistics and distribution.
The local population size and age distribution are ideal for attracting both workforce and business investments—young professionals and families contribute to a dynamic community that supports industrial activities.
Economic indicators show promising trends too. Employment rates are on a steady rise, fueled by major industries such as retail, technology, and manufacturing—all driving demand for warehouse space.
Business growth in Allen continues at an impressive pace with new developments cropping up regularly… creating ample opportunities for leasing available space under favorable triple net terms.
This vibrant economic landscape makes Allen a compelling choice for executives looking to expand their industrial footprint.
Allen Warehouse Market Overview:
Total Buildings: 214
Inventory: 28,431,541 sq ft
Direct Vacant: 3,417,015 sq ft
Overall Vacant: 3,679,178 sq ft
Direct Vacancy Rate: 12.0%
Overall Vacancy Rate: 12.9%
Q1 Net Absorption: 993,244 sq ft
YTD Net Absorption: 993,244 sq ft
YTD Leasing Activity: 150,472 sq ft
Under Construction: 961,326 sq ft
YTD Completions: 1,516,025 sq ft
Overall Avg. Asking Rent (Per Year): $5.88/sq ft
Overall Avg. Asking Rent (Per Month): $0.49/sq ft
Direct Avg. Asking Rent (Per Year): $6.70/sq ft
Direct Avg. Asking Rent (Per Month): $0.56/sq ft
Key Market Drivers in Allen, TX
Allen, TX holds a prime spot for the warehouse industry due to its strategic location near major highways like US-75. This ease of access attracts businesses needing efficient transportation routes.
Proximity to Dallas/Fort Worth International Airport and public transit systems makes logistics simpler, boosting appeal for tenants.
The city’s strong economic indicators also play a crucial role. High employment rates in Allen and surrounding areas ensure a steady pool of employees ready for work. Additionally, Allen’s growing population and significant income levels bolster local demand for industrial spaces.
Coupled with low vacancy rates and rising rental prices, these factors make it an ideal market for investment in industrial real estate.
Major Developments in Allen, TX
New warehouse projects are booming. The population is growing steadily. More people means more demand for goods. This has led to a rise in property prices and rental rates for warehouses.
The city’s location adds to its appeal. Close proximity to major highways like US-75 and SH-121 makes it easier for trucks to transport goods. Public transportation options also help workers get there quickly.
Nearby businesses add value too. New restaurants, banks, and shopping centers make the area convenient for employees.
Industrial Real Estate Trends
Industrial real estate in Allen, TX, is booming. The proximity to major highways, public transportation, and airports drives this growth. Warehouses for lease find high demand due to easy access for freight and logistics.
The employment rates and business growth help fuel the market trends.
Another trend is the emphasis on quality of life metrics—crime rates are low, healthcare is great, and there are many recreational areas. This makes Allen attractive for companies looking at long-term investments.
Affordable housing nearby also attracts a steady workforce which includes engineers from Collin College graduates.
Warehouse Vacancy Rates and Leasing Activity
Warehouse vacancy rates and leasing activity in Allen, TX are crucial indicators of market health. Here’s a snapshot…
Metric | Value | Comment |
---|---|---|
Vacancy Rate | 5.2% | Healthy market, opportunities available. |
Leasing Activity | 650,000 sq ft Q1 2023 | Strong demand noted. |
Historical Sales Data | $150M in 2022 | Reflects robust investment. |
Comparative Analysis | Leasing higher than McKinney, TX | Allen is a preferred choice for new leases. |
Forecast | Vacancy to drop to 4.8% in 2024 | Positive outlook, driven by economic growth. |
Key players in the Allen, TX market include notable names like Prologis and Duke Realty. These entities are driving leasing activities and shaping market dynamics. Leasing trends indicate a strong movement towards modern, tech-equipped spaces, meeting the evolving demands of today’s industrial landscape.
Key Players in the Allen, TX Market
Warehouse vacancy rates in Allen, TX impact key players significantly. Major firms like https://dallaswarehousespace.net assist companies of varying sizes in leasing transactions. They focus solely on tenants, not representing landlords.
This approach ensures tenants receive the best deals without conflicts of interest.
Big names dominate this market—Fortune 500 companies and medium-sized businesses lead the demand for warehouse space. Their need for efficient logistics solutions drives growth. Meanwhile, small businesses find a level playing field with specialized help from tenant-focused firms.
The dedicated service helps every player navigate the complex industrial real estate landscape in Allen, TX effectively.
Supplementary insights on the market
Freight and logistics play a big role in Allen, TX. Comparing it with nearby places like McKinney shows different growth patterns.
Allen, TX sits near major highways like U.S. 75 and SH-121. This makes it easy to connect with public transportation and airports. The area’s accessibility supports smooth freight and logistics operations.
Recent Industrial Market News in Allen
Economic indicators show strong employment rates in Allen, TX. Major industries thrive here, boosting business growth and stability. This helps the self-storage market as demand rises from different sectors needing extra space.
Factors Affecting Allen Warehouses Currently
Warehouse vacancy rates in Allen are low due to high leasing activity. Key players like Prologis and Amazon drive this trend by securing large spaces quickly.
Comparative Analysis with Other Markets, including McKinney, TX
In the current warehouse market landscape, Allen, TX has been showing noteworthy trends when compared with other markets like McKinney, TX. Here’s a summarized comparison:
Criteria | Allen, TX | McKinney, TX | Other Markets |
---|---|---|---|
Population Size and Distribution | 105,623 (2023), more spread out | 212,000 (2023), denser distribution | Varies significantly |
Employment Rates | Low unemployment, robust tech sector | Low unemployment, diverse industries | Mixed, often dependent on local industries |
Major Industries | Technology, Retail, Manufacturing | Healthcare, Retail, Technology | Varies, with some regions focusing on logistics |
Proximity to Major Highways | Close to US-75, SH-121 | Near US-75, SH-121, and SH-380 | Variable, often crucial for logistics |
Public Transportation | Limited but improving | More developed network | Varies, often limited in smaller markets |
Proximity to Airports | DFW Airport (30 mins), Love Field (35 mins) | DFW Airport (35 mins), Love Field (40 mins) | Varies, often a key factor |
Nearby Businesses and Services | Tech parks, retail hubs | Healthcare facilities, retail centers | Dependent on market size and economic focus |
Historical Sales and Leasing Data | Strong growth, 10% YoY increase | Steady growth, 8% YoY increase | Mixed, often following regional economic trends |
Forecast for Future Growth | Positive, driven by tech and manufacturing | Moderate, diverse industry growth expected | Variable, often tied to local and regional factors |
Quality of Life Metrics | High, low crime rates, good schools | High, extensive amenities, vibrant community | Varies, often influenced by urban development |
Executives, engineers, and warehouse project managers should consider these factors when evaluating Allen, TX against McKinney, TX and other markets. Each city offers unique advantages that can affect strategic decisions in the warehouse industry.
Future Market Forecast in Allen, TX
The Allen warehouse market is set to grow in the coming years. Population growth in Dallas affects this positive outlook. With more people moving to the area, there will be higher demand for warehouses.
The age distribution and income levels also play a role. Younger, working-age adults with good incomes mean active businesses.
Economic indicators suggest continued job growth and business expansion here… Major highways nearby make transport easy for goods, boosting the warehouse industry too. Public transportation helps workers get to their jobs efficiently.
Access to airports supports quick shipping options for companies.
Nearby restaurants and shopping centers attract businesses that need storage space close by. Schools and universities provide education for future workers who will support these industries over time as well…
Historic sales data show strong trends poised to continue, keeping vacancy rates low and rental prices stable or rising gently.
Allen, TX is a bustling hub for warehouses. Proximity to highways and growing businesses make it an ideal spot. Investors see many opportunities in this market. The city’s future looks bright for the warehouse industry.
Commercial Real Estate Services in Allen, Texas
Over the past 12 months, the Dallas / Fort Worth market has added over 30 million square feet of industrial inventory. With our extensive experience and industry knowledge of the this market, we can negotiate the best deal on your behalf.