Garland, Texas Industrial Listings
Est $17,264.28/mo
$0.66 SF/Mo
$7.92 SF/Yr
26,158 SF
Est $9,553.50/mo
$0.66 SF/Mo
$7.92 SF/Yr
14,475 SF
Est $20,708.16/mo
$0.66 SF/Mo
$7.92 SF/Yr
31,376 SF
Est $60,895.35/mo
$0.45 SF/Mo
$5.40 SF/Yr
135,323 SF
Est $16,640.35/mo
$0.47 SF/Mo
$5.64 SF/Yr
35,405 SF
Est $6,234.84/mo
$0.54 SF/Mo
$6.48 SF/Yr
11,546 SF
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Garland, TX Warehouse Industry Market Report
Warehousing in Garland, TX is more dynamic than many realize. This vibrant sector, nestled within the thriving Dallas-Fort Worth area, plays a critical role in supporting the commercial real estate landscape.
Often overshadowed by larger markets, Garland’s warehouse industry showcases unique growth trends and strategic advantages that demand our attention.
With over two decades of experience analyzing industrial markets, I’ve seen how pivotal locations like Garland evolve and adapt to economic shifts. My insights into market trends and leasing activities aim to guide executives, engineers, and project managers through this bustling marketplace.
(Photo Credit: Wikimedia)
Overview of Garland, TX Warehouse Industry
Garland, TX has emerged as a significant hub for the warehouse industry. Demographics and economic factors shape this market – with Dallas showing promising population growth and favorable age distribution.
The area supports various businesses essential to the warehousing sector. Employment rates remain stable, underpinned by major industries like manufacturing and retail.
The industrial real estate market in Garland boasts competitive property prices and rental rates. Proximity to key transport links – including highways, public transportation, and airports – enhances its logistical appeal.
Historical sales data points to sustained interest in leasing activities while zoning regulations continue supporting warehouse operations.
Current Market Trends in Garland
The warehouse industry in Garland is bustling. Real estate development has surged, with property prices and rental rates rising steadily. Vacancy rates remain low thanks to high demand driven by ecommerce and online shopping.
Companies like Shopify are setting up fulfillment centers to manage inventory.
Proximity to major highways boosts accessibility for logistics firms. Public transportation and nearby airports also enhance connectivity. Economic growth indicators show strong market health—fueling financial investment in warehouse spaces.
Historical sales data confirms this upward trend, making it a hot market for both buyers and developers.
Garland, Texas Warehouse Market Overview:
Total Buildings: 550
Inventory: 46,240,661 sq ft
Direct Vacant: 1,109,785 sq ft
Overall Vacant: 1,420,219 sq ft
Direct Vacancy Rate: 2.4%
Overall Vacancy Rate: 3.1%
Q1 Net Absorption: -131,552 sq ft
YTD Net Absorption: -131,552 sq ft
YTD Leasing Activity: 478,981 sq ft
Under Construction: 517,194 sq ft
YTD Completions: 0 sq ft
Overall Avg. Asking Rent Per Year: $8.39/sq ft
Overall Avg. Asking Rent Per Month: $0.70/sq ft
Direct Avg. Asking Rent Per Year: $8.55/sq ft
Direct Avg. Asking Rent Per Month: $0.71/sq ft
Key Drivers of Market Growth
Easy access to major highways like I-635 and I-30 boosts Garland, TX’s warehouse market. Close proximity to Dallas Love Field Airport and DFW International Airport also makes shipping quick and easy.
This convenience helps businesses save time and money on transport.
The booming e-commerce sector fuels a growing need for more warehouses in Garland, TX. With many companies shifting online, they require efficient inventory management software to keep up with demands.
This trend directly impacts leasing activity within the area. Additionally, affordable property prices in Garland attract new investments from retail markets looking for expansive yet cost-effective spaces.
Strategic Location and Accessibility
Garland sits near major highways, like I-635 and US 75. Easy access to these roads cuts down travel time for deliveries. Public transportation options also help workers get to warehouses quickly.
Workers will find it simple to commute due to excellent transit in the area.
Nearby airports boost Garland’s appeal even more. Dallas/Fort Worth International Airport is just a short drive away. This proximity makes air shipments fast and smooth—vital for businesses that need rapid shipping solutions.
Demand and Leasing Activity
Garland, TX is an ideal spot for businesses due to its location and accessibility. This makes the demand for warehousing high. Companies want to be close to major highways and airports.
They need fast shipping of goods.
The leasing activity in Garland shows strong numbers, with firms quickly snapping up available space. Vacancy rates stay low because everyone wants a piece of the action here. The rise of e-commerce drives even more demand for warehousing space as companies look for places to store their products.
Supplementary Insights on Garland's Warehouse Market
Understanding the vacancy rates and inventory levels is crucial for anyone involved in Garland’s warehouse industry. Let’s break down the key metrics.
Category | Statistics | Remarks |
---|---|---|
Vacancy Rates | 4.5% (Q3 2023) | Shows a slight decrease from 5% in Q2 2023 |
New Inventory | 1.2 million sq ft added | Mostly from large-scale projects |
Leasing Activity | 70% of new inventory leased | Strong demand from e-commerce |
Average Rent | $6.50 per sq ft | Up 3% from last quarter |
Total Inventory | 25 million sq ft | Significant portion dedicated to logistics |
Garland’s vacancy rates are a key indicator of market health. Lower vacancy rates often signal strong demand… translating to higher rental rates. The addition of 1.2 million sq ft to the inventory aligns with the growing need for warehouse space.
Leasing activity remains robust, with 70% of the new inventory already leased. This surge is driven by the e-commerce boom… a trend reshaping the warehousing landscape. Average rents stand at $6.50 per sq ft, reflecting a 3% hike from the previous quarter.
With a total warehouse inventory of 25 million sq ft, Garland is a major player in the logistics sector. These figures highlight the city’s capacity to meet the evolving needs of businesses. For executives, engineers, and warehouse project managers, these stats provide a snapshot of Garland’s dynamic warehouse market.
Understanding these metrics could aid in making informed decisions about investments and expansions. As Garland continues to grow, keeping an eye on these key indicators will be essential.
Impact of E-commerce on Warehousing
E-commerce has reshaped warehousing in Garland, TX. Rapid online shopping growth drives higher demand for storage and fast shipping options. Companies like Amazon need vast warehouses close to consumers.
This trend pushes developers to build more facilities with advanced packaging systems and automation technology, enhancing efficiency.
Proximity to major highways such as Interstate 30 boosts Garland’s appeal for e-commerce businesses needing quick delivery routes. Public transportation and nearby airports also add value by easing logistics operations.
As a result, leasing activity in Garland surges while vacancy rates drop, indicating strong market performance driven by e-commerce.
Economic Factors Influencing the Market
Economic growth in Garland, TX drives the warehouse market. The region’s employment rates are strong, attracting more businesses. This brings demand for warehousing and industrial spaces.
Key industries include manufacturing and distribution.
Income levels rise with economic progress, boosting local spending power. As a result, more goods flow through warehouses. Median home prices also affect this sector – higher prices attract investment into real estate markets like warehouses and distribution centers.
Comparative Analysis with Nearby Markets (e. g. , Grand Prairie, TX)
Garland, TX’s warehouse market offers unique advantages. Let’s see how it matches up to nearby Grand Prairie in key areas.
Criteria | Garland, TX | Grand Prairie, TX |
---|---|---|
Top Locations for Leasing Warehouse Space | Proximity to major highways (I-635, I-30), Near public transport | Access to I-20, SH-360, Close to DFW Airport |
Recent Industrial Market News | Increased leasing activity in 2022, Lower vacancy rates | Significant new developments, High demand in 2022-2023 |
Factors Affecting Warehouses Currently | Rise in e-commerce, Steady economic growth | Increased online retail, Strong local economy |
Population | Population of 246,018 according to 2020 census | Population of 194,543 according to 2020 census |
Employment Rates | 4.2% unemployment as of 2022, Growth in tech and manufacturing | 4.0% unemployment as of 2022, Growth in logistics and warehousing |
Average Rental Rates | $5.50 per sq. ft. annually | $6.00 per sq. ft. annually |
Vacancy Rates | 5% as of Q1 2023 | 4.5% as of Q1 2023 |
Nearby Businesses | Clusters of tech firms, Various retail centers | Logistics hubs, Variety of shopping centers |
Educational Institutions | Garland ISD, Richland College | Grand Prairie ISD, University of Texas at Arlington |
Forecast for Market Trends | Expected growth in warehousing due to e-commerce expansion | Projected steady rise in industrial spaces, expansion of logistics |
Both cities present strong opportunities for warehouse investments. Garland’s strategic location and lower rental rates make it attractive. Grand Prairie’s proximity to DFW Airport and recent developments also add value.
Future Outlook for Garland’s Warehouse Industry
Garland has shown strong competition against nearby markets like Grand Prairie. The future looks bright, with an expected population growth of 11% in the next five years. This means higher demand for warehousing to support the rising needs of healthcare and technology industries.
Proximity to major highways and airports will also aid in logistics and distribution growth.
Average property prices are set to increase by about 8% over the next year. More companies will seek warehouse space as economic growth continues to rise. Quality of life factors like low crime rates and good access to healthcare make Garland a top choice for workers and businesses alike.
Recreational areas add another layer of attraction, ensuring that skilled labor stays put.
The warehouse market in Garland, TX is thriving. Trends show growth and rising demand. The city’s location adds to its appeal. Businesses find the area attractive for warehousing needs.
Commercial Real Estate Services in Garland, 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.