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DFW is looking better than ever in multifamily and data center markets. New research from JLL also solidifies DFW's standing as a top distribution market. JLL's data ranks DFW fifth in the US after New York/New Jersey, Southern California, Central and Eastern Pennsylvania, and Chicago. Houston and San Antonio take the ninth spot.
The study measured 32 metrics to rank warehouse and distribution performance from a supply chain and logistics perspective based on site selection influencers such as population, demographics, labor availability, wage rates and other costs, energy costs, transportation and multimodal infrastructure, industrial leasing market, investment variables, and opportunities for local tax and economic incentives.
Unsurprisingly, the best distribution markets are home to the largest domestic population centers. JLL managing director Craig Jones (pictured) doesn't anticipate DFW losing its standing any time soon. Due to North Texas' geography, rising population, inexpensive labor and friendlier business climate, many companies think of locating in DFW as a safe and smart decision, Craig tells us.
Rail lines, a growing number of corporate relocations and regional HQs, and Central Time Zone also contribute to the strong entry and exit of materials and products in the area. DFW offers plenty of Class-A space at lease rates that provide cost savings compared to other major markets.
Craig says industrial businesses, e-commerce, building supplies and products won't stop coming to DFW. In fact, with a predicted population growth of over 9 million by 2030, the future looks bright.
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