DFW Industrial not doing well in 2008
The Dallas Morning News reported that leasing activity on industrial properties is down 60% in comparison to 2007. Cushman & Wakefield reported that there appears to be a “pullback†as a result of the national economy. Additionally, it appears that developers have overbuilt and that is also contributing to the downturn.This news is in-that this is the first publication which I have seen that has tied the DFW commercial real estate market to the national economy. Here-to-for pundits have claimed that Texas and the DFW commercial market will sit out this latest national down turn.