Mansfield, Texas Industrial Listings
Est $9,270.00/mo
$0.75 SF/Mo
$9.00 SF/Yr
12,360 SF
Est $13,500.00/mo
$1.25 SF/Mo
$15.00 SF/Yr
10,800 SF
Est $6,933.33/mo
$0.83 SF/Mo
$10.00 SF/Yr
8,320 SF
Est $11,306.35/mo
$0.55 SF/Mo
$6.60 SF/Yr
20,557 SF
Est $24,035.00/mo
$0.55 SF/Mo
$6.60 SF/Yr
43,700 SF
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Mansfield, TX Warehouse Industry Market Report
The commercial real estate market often overlooks hidden gems like Mansfield, TX. This small but growing city offers unique opportunities for warehouse investments that many industry players miss.
What’s driving this trend? Key factors include strategic location, robust infrastructure support, and a thriving local economy. These elements make Mansfield an increasingly attractive site for distribution centers and logistics services.
With years of experience in analyzing market dynamics and industrial trends, I can assure you that now is the ideal time to explore Mansfield’s warehousing sector. From rising property values to new development projects on the horizon, there are numerous indicators pointing towards significant growth potential here.
(Photo Credit: Rene Gomez)
Overview of Mansfield, TX Warehouse Industry
Mansfield’s warehouse industry is booming, fueled by its strategic location and strong economic indicators. Nestled near major highways like U.S. Route 287 and State Highway 360, the city offers easy access to public transportation and nearby airports—vital for smooth supply chain operations.
According to recent data, warehouse property prices have seen a steady increase while rental rates remain competitive, attracting real estate investment from various sectors.
Economic growth in Mansfield aligns with population increases and robust employment rates. This growth impacts warehousing demand significantly as businesses seek logistical advantages close to their customer base.
The city’s proximity to essential amenities such as banks, restaurants, and shopping centers makes it an attractive hub for industrial projects—and educational institutions like schools and colleges further enrich the community landscape.
Mansfield Submarket Overview:
Total Buildings: 152
Inventory: 16,128,218 sq ft
Direct Vacant: 1,507,480 sq ft
Overall Vacant: 1,685,565 sq ft
Direct Vacancy Rate: 9.3%
Overall Vacancy Rate: 10.5%
Q1 Net Absorption: 148,026 sq ft
YTD Net Absorption: 148,026 sq ft
YTD Leasing Activity: 523,069 sq ft
Under Construction: 1,322,380 sq ft
YTD Completions: 743,548 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 Market Statistics and Trends
Understanding the dynamics of the Mansfield, TX warehouse industry requires a deep dive into key statistics and trends, which provide actionable insights for executives, engineers, and warehouse project managers. Here’s a summary of the critical data:
Statistic | Details |
---|---|
Population Growth | Mansfield has seen a population increase of 15% over the past decade, fueling demand for warehousing. |
Average Property Prices | Industrial real estate prices average around $75 per square foot, reflecting steady demand. |
Rental Rates | Warehouse rental rates in Mansfield range from $5 to $7 per square foot annually. |
Vacancy Rates | Current vacancy rates are at an all-time low of 4%, indicating a highly competitive market. |
Proximity to Highways | Strategically located near major highways I-20 and TX-360, enhancing logistical efficiencies. |
Employment Rates | Unemployment rate is at 3.6%, with thriving industries like manufacturing and logistics. |
Nearby Amenities | Proximity to essential services, including restaurants, banks, and shopping centers. |
Educational Institutions | Close to reputable schools and colleges, benefiting workforce education and training. |
Historical Leasing Data | Leasing trends show consistent growth, with a 10% rise in new leases signed over the past year. |
Market Forecast | Projections indicate a continued upward trend, with a 5% growth in warehouse demand annually. |
These statistics and trends paint a comprehensive picture of the warehouse industry in Mansfield, TX. The data underscores the area’s attractiveness for potential tenants and investors—thanks to its strategic location, robust economic indicators, and growing demand.
Major Industrial Projects and Developments
Several key projects are shaping the warehouse industry in Mansfield, TX. These developments bring growth and new opportunities.
- South Pointe Business Park Expansion
- The South Pointe Business Park is expanding by 500,000 square feet.
- It includes new warehousing and storage facilities.
- The project aims to boost local employment rates with hundreds of job openings.
- Tech Ridge Logistics Hub
- Tech Ridge is developing a new logistics hub spanning over 1 million square feet.
- This project features state-of-the-art inventory control systems.
- Expected completion date: Q4 2024.
- Mansfield Commerce Center Renovation
- Ongoing renovations at the Mansfield Commerce Center are upgrading old warehouses.
- Modern upgrades focus on enhancing energy efficiency and storage capacity.
- Renovations will be finished by mid-2025.
- New Warehouse Complex by Lone Star Enterprises
- Lone Star Enterprises is building a 750,000-square-foot warehouse complex.
- Located near major highways for easy access to distribution networks.
- Set to create approximately 300 jobs once operational.
- Evergreen Industrial Park Development Phase II
- Phase II adds another 400,000 square feet to the existing industrial park.
- This phase includes advanced depreciable assets like automated racking systems.
- Scheduled for completion in early 2025.
- Joint Venture with HighMark Construction
- HighMark Construction partners with local firms to develop a high-tech warehouse area.
- Features include cutting-edge technology for inventory management and security.
- Completion expected by late 2023.
- Pioneer Parkway Warehouse Project
- Development of a large warehouse on Pioneer Parkway set to cover 600,000 square feet.
- Aimed at supporting growth rate demands driven by population increases in Mansfield, TX.
- Estimated operational start date: early 2026.
Vacancy Rates and Inventory Levels
Understanding vacancy rates and inventory levels is crucial for potential tenants and investors in Mansfield, TX. Here’s a summary of the current state:
Key Metric | Details |
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Vacancy Rates |
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Inventory Levels |
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Leasing Activity |
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Historical Data |
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Economic Impact on Local Community
Lower vacancy rates and high inventory levels in Mansfield influence the local economy greatly. The warehouse industry brings jobs, attracts businesses, and boosts commerce. Close to major highways like I-20 and state highway 360 makes it easy for companies to transport goods.
This leads to more business activities which help the community thrive.
Zoning rules also shape how warehouses impact Mansfield’s economy. Proper zoning keeps residential areas peaceful while allowing industrial growth where needed. Quality of life is important too! Good schools, parks, and cultural places make workers happy.
When big projects fit well with community needs, everyone benefits—more stores open up, property values rise, and local shops see more customers.
Future Outlook and Projections
Mansfield’s warehouse industry is set for significant growth. Demographic data and economic indicators suggest a rising demand for industrial spaces. Population growth drives the need for more storage facilities, impacting market trends positively.
Warehousing demand could spike due to increased consumer spending and e-commerce expansion.
Regulatory changes play a crucial role too. New zoning laws and permitting requirements will shape property use. Local government regulations ensure that developments follow environmental guidelines, attracting eco-conscious investors.
Prospective tenants have much to look forward to in this thriving market.
Commercial Real Estate Services in Mansfield, 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.