Strong demand drives vacancy lower despite continued deliveries

The Dallas–Fort Worth industrial market continued to strengthen in Q2 2026 as tenant demand outpaced new supply. Vacancy declined to 9.3%, down 60 basis points (bps) from the previous quarter and down 100 bps year over year. This was driven by year-to-date net absorption reaching 22.3 million square feet (msf), up 8.3 msf from the same period last year. Although 14.4 msf of industrial space was delivered year to date, strong demand supported 9.0% year-over-year rent growth to $8.31 per square foot as occupiers continued to absorb newly completed space.

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