CommercialEdge industrial report<\/a>. As such, this slight pricing gap offers investors the chance to engage in one of the nation\u2019s busiest industrial markets at relatively lower costs.<\/p>\nAmong key transactions, Stonepeak acquired two properties totaling 1.1 million square feet in the Alliance submarket with a $57 million loan, from institutional investors advised by J.P. Morgan Asset Management. The Alliance submarket benefits from its access to major rail lines, the BNSF Alliance intermodal terminal, and the Fort Worth Alliance cargo airport, making it a hub for distribution and logistics.<\/p>\n
\u201cWe believe that high-quality real estate adjacent to transport infrastructure will continue to outperform given its mission-critical role in local and national supply chains,\u201d said Phill Solomond, Senior Managing Director and Head of Real Estate at Stonepeak.<\/p>\n
Other DFW market activity includes over 15 million square feet of industrial space under development as of October, ranking the Metroplex second nationally behind Phoenix. In terms of vacancy rate, Dallas-Fort Worth\u2019s vacancy rate stands at 7.5%, slightly higher than the national average.<\/p>\n
Western Industrial Markets Remain Nation\u2019s Most Expensive<\/h2>\n
Nationwide, industrial markets have remained resilient, with total sales reaching $43.7 billion through Q3 2024. Average sale prices rose 6.6% year-over-year, highlighting sustained growth in industrial asset values.<\/p>\n
However, regional disparities are notable: The West continues to lead the nation in transaction prices with the Bay Area topping the list at $476 per square foot. It\u2019s followed by southern California markets like Orange County ($319), Los Angeles ($297) and Inland Empire ($265). In the Northeast, northern New Jersey averages $226 per square foot. Closer to Dallas-Fort Worth, smaller markets like Baltimore and Nashville, Tenn., each recorded average prices of $132 per square foot, surpassing DFW and leading the South in pricing.<\/p>\n\n