North Lake, Texas Industrial Listings
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North Lake, TX Warehouse Industry Market Report
The warehouse industry in North Lake, TX has consistently attracted interest due to its strategic location and expanding infrastructure. With access to major highways, public transportation, and airports like DFW International Airport—North Lake stands out as a prime hub for distribution centers.
This post will outline the unique features of North Lake’s warehouse market, recent trends in the industrial sector, vacancy rates, lease rates, and more insights tailored for executives and project managers looking to make informed decisions.
With extensive experience analyzing commercial real estate markets across Dallas-Fort Worth—including Fort Worth’s influence on surrounding areas—I aim to provide you with actionable information that can guide your investments or operational strategies.
Overview of North Lake, TX Warehouse Market
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 / year
Overall Avg. Asking Rent Per Month: $0.49/sq ft / month
Direct Avg. Asking Rent Per Year: $6.70/sq ft / year
Direct Avg. Asking Rent Per Month: $0.56/sq ft / year
North Lake, TX stands out as a dynamic hub within the warehouse industry market. Known for its strategic location and proximity to major transportation routes like Interstate 35W, this area enjoys an excellent connectivity advantage.
The DFW International Airport’s nearby presence further enhances accessibility and appeal—significantly benefiting supply chain efficiency. Industrial real estate trends show that property prices here are competitive compared to neighboring regions, making it a lucrative spot for both investors and tenants.
Recent demographic factors also point toward robust growth prospects. Rising population numbers coupled with increasing income levels create additional demand for warehouse spaces.
These elements attract businesses looking to tap into a growing consumer base while enjoying modern infrastructure amenities. This favorable environment makes North Lake an ideal choice for expanding warehousing operations, reflecting broader economic development goals of the region’s Economic Development Corporation.
Recent Trends in the Industrial Sector
Demand for warehouse space in North Lake, TX is rising fast. Businesses seek locations near major highways and DFW International Airport. This makes North Lake a hot spot for new projects.
Property prices and rental rates keep going up steadily. Vacancy rates are dropping due to high demand, making it hard to find available spaces quickly. New construction projects aim to meet this need but haven’t yet caught up with demand.
Spaces get snapped up almost as soon as they’re listed, showing a strong market.
Vacancy and Lease Rates
Top Locations for Leasing Warehouse Space in North Lake, TX
Warehouse vacancy and lease rates can be crucial indicators of market health. In North Lake, TX, these metrics have shown interesting patterns.
Location | Current Vacancy Rate | Lease Rate (per sq.ft) | Historical Trends |
---|---|---|---|
North Lake Industrial Park | 6.5% | $8.50 | Stable at ~7% for the past 3 years |
Commerce Zone | 4.2% | $9.25 | Declined from 5.8% in 2021 |
Logistics Hub | 3.0% | $7.75 | Consistently low, < 4% over 5 years |
Business Park West | 5.7% | $8.00 | Fluctuated between 5% and 6.5% |
Future Market Forecasts
North Lake’s warehouse market looks strong for the future. Employment rates are climbing, and business growth is steady. Major industries in North Lake contribute to this rise. Trends show a drop in vacancy rates while rental prices continue to climb.
Historical data confirms these trends with consistent sales and leasing activity.
New developments, such as those near DFW International Airport, will push growth even further. The airport boosts logistics and supply chain efficiency in the region. This leads to higher demand for warehouse space around North Lake due to easy air cargo access—making it attractive for companies aiming for speedy deliveries and lower transport costs.
Commercial Real Estate Services in North Lake, 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.