Brookhollow, Texas Industrial Listings
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Brookhollow, TX Warehouse Industry Market Report
The warehouse sector in Brookhollow, TX is buzzing with activity, and for good reason. As businesses continue to expand across the Dallas-Fort Worth area, securing the right space has never been more critical.
Many companies face challenges in finding optimal industrial buildings due to fluctuating market conditions and intense competition—enter our comprehensive report. This blog post will illuminate current trends, significant transactions, occupancy rates, and rental prices unique to Brookhollow’s dynamic warehouse market.
(Photo Credit: Wikimedia)
Current Market Trends in Brookhollow, TX
Brookhollow’s warehouse industry is booming. The surge is due to the area’s strong economic growth. Many big names like Prologis and Blackstone are investing heavily here. Commercial property prices have seen a steady climb.
Rental rates follow a similar trend as demand rises.
Vacancy rates are low, making it hard for businesses to find space quickly. Nearby highways and airports add value to properties here. Income levels and employment rates in Dallas fuel this growth too.
More warehouses mean safer investments for real estate buyers and sellers. Low vacancy rates show how strong the market is right now.
Key Industrial Transactions and Deals in Brookhollow
Brookhollow, TX has seen some significant industrial deals recently. These transactions highlight growth in the warehouse market.
- ABC Logistics Expansion
- ABC Logistics secured a lease for a 250,000 square foot warehouse.
- It is located near major highways and the airport.
- This deal boosts ABC’s distribution capabilities in the region.
- XYZ Manufacturing Purchase
- XYZ Manufacturing bought a 150,000 square foot property.
- The purchase price was $20 million.
- This facility will increase their production and storage capacity.
- Warehouse Group Acquisition
- Warehouse Group acquired two properties totaling 400,000 square feet.
- They paid $45 million for these properties.
- The acquisition supports their expansion in the Dallas-Fort Worth area.
- New Build-to-Suit Project
- A new build-to-suit project covers 300,000 square feet.
- Completion is scheduled for next year.
- The facility will support custom-requirements from its future tenant.
- High Demand Lease Signing
- A large international retailer signed a lease for 200,000 square feet of space.
- They benefit from easy access to public transportation and key highways.
Vacancy and Occupancy Rates
Let’s take a closer look at the current vacancy and occupancy rates in the Brookhollow, TX warehouse industry market…
Metric | Brookhollow, TX | Dallas Area |
---|---|---|
Vacancy Rate | 6.8% | 5.5% |
Occupancy Rate | 93.2% | 94.5% |
The vacancy rate in Brookhollow stands at 6.8%, higher than the 5.5% average for the Dallas area. The occupancy rate here, consequently, is at 93.2%. These figures reflect a healthy, yet slightly less competitive market in Brookhollow compared to the overall Dallas region.
Rental Rates and Property Values in Brookhollow, TX
Rental rates and property values are crucial for understanding the Brookhollow, TX warehouse market.
Metrics | Q3 2022 | Q3 2023 |
---|---|---|
Average Rental Rate (per sq. ft.) | $6.50 | $7.00 |
Property Value (per sq. ft.) | $90 | $95 |
Annual Growth Rate | 4.5% | 5.5% |
Vacancy Rate | 5.2% | 4.8% |
Rental Rates: The average rental rate has risen from $6.50 per sq. ft. in Q3 2022 to $7.00 per sq. ft. in Q3 2023. This indicates a healthy demand for warehouse space.
Property Values: Property values per square foot have also increased, from $90 in Q3 2022 to $95 in Q3 2023. Investors see potential in this sector, pushing up prices.
Annual Growth: The annual growth rate in rental pricing has jumped from 4.5% to 5.5%. A strong sign of a robust market.
Vacancy Rates: The vacancy rate has decreased slightly, from 5.2% to 4.8%. This decline suggests a tightening market, with more spaces becoming occupied.
These metrics paint a picture of a thriving and expanding industrial real estate market in Brookhollow, TX.
Supplementary Data on Brookhollow Warehouse Industry
Brookhollow has several big warehouse projects coming up. Compared to other areas in DFW, it offers competitive rental rates.
Major Industrial Projects in the Pipeline
Brookhollow, TX is buzzing with new warehouse projects. These efforts aim to meet growing demand and foster real estate investment in the area.
- New Distribution Center by ABC Corp: Groundbreaking happened in April 2023. This center will cover 500,000 square feet and create over 200 jobs.
- XYZ Logistics Hub Expansion: Scheduled for completion by December 2024. This project will add another 300,000 square feet to their existing facility. The expansion will boost storage capacity and efficiency.
- Tech Park Development: A tech giant plans a sprawling tech park covering 750,000 square feet. This development promises cutting-edge facilities for both warehousing and research.
- Eco-Friendly Warehouse Complex: Green Solutions Inc. began construction of an eco-friendly complex in June 2023, targeting LEED certification. It spans 400,000 square feet and focuses on sustainability.
- Retail Distribution Space by DEF Enterprises: Expected to finish late 2023 or early 2024, this space covers 600,000 square feet. It’s aimed at supporting online retail businesses with advanced logistics solutions.
- Food Storage Facility by Fresh Foods Co: A new food storage facility broke ground recently and will total around 450,000 square feet once completed next year.
- Multi-Use Business Park: Planned to open phases between mid-2024 and late-2025, this business park offers warehouses alongside office spaces totaling around one million square feet overall.
- Automotive Parts Warehouse: Auto Giants Inc.’s new auto parts warehouse is under construction now with anticipated completion by mid-2023 spanning nearly half a million square foot area serving multiple automotive brands.
- Pharmaceutical Storage Building by HealthFirst Corp: A cutting-edge pharmaceutical storage building is set for completion in mid-2024 covering around 350,000 square feet providing temperature-controlled environments necessary for drug preservation.
These projects highlight significant activities within Brookhollow’s warehouse industry making it a prime spot for real estate investment and job growth
Comparison with Other Submarkets in DFW
Submarket | Average Rental Rates (per sq. ft.) | Vacancy Rates (%) | Key Features |
---|---|---|---|
Brookhollow | $5.50 | 4.2 | Proximity to major highways, diverse tenant base |
Trinity | $4.75 | 5.0 | Strong industrial growth, newer facilities |
Alliance | $5.80 | 3.8 | Modern infrastructure, large-scale distribution centers |
Great Southwest | $4.90 | 4.5 | Accessible location, growing number of leases |
Each submarket offers unique advantages and challenges. Brookhollow stands out for its strategic location and tenant diversity. Trinity, meanwhile, is seeing robust growth with newer warehousing options. Alliance boasts modern facilities and extensive distribution centers, making it a hot spot for large-scale operations. Great Southwest offers competitive rates and convenient access. These insights help in choosing the right submarket for your warehousing needs.
Insights from Trinity, TX Warehouse Industry Market Report
Transitioning from the comparison of other submarkets in DFW, Trinity, TX also stands out with its unique warehouse industry trends. Industrial real estate in Trinity benefits from its proximity to major highways and airports, which boosts business operations.
Executives appreciate these logistics advantages for efficient distribution.
Trinity showcases affordable rental rates and lower vacancy rates compared to Brookhollow. Rental prices averaged $5 per square foot last year, making it an attractive choice for businesses looking to save costs while maintaining location efficiency.
The market report highlights key transactions that have strengthened the area’s industrial sector.
Future Outlook and Predictions in Brookhollow
The Brookhollow warehouse market looks strong for the future. Economic indicators suggest steady growth. The employment rate in Dallas is rising, giving businesses more confidence to expand.
Major industries, like tech and retail, keep investing in new warehouse spaces.
Historical data shows a trend of increasing sales and leasing activity in industrial warehouses here. Experts predict this will continue, fueled by business growth in the area. With high demand and low vacancy rates now, rental rates are expected to rise further next year.
Brookhollow’s warehouse market stays strong. There are new projects and steady demand. The rates remain competitive, with low vacancy rates. Keeping an eye on this market is smart for investors and business owners alike. All signs point to a robust market ahead for Brookhollow’s warehouses.
Commercial Real Estate Services in Brookhollow, 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.