MARKET UPDATES
Great Southwest Industrial Park's central location
and pro-business values are key to our continued success
Less than five minutes from DFW International Airport, Great Southwest (“GSW”) Industrial Park has superior highway access in and out of the Metroplex via I-20, I-30, SH-360, SH-161 and Loop 12. Highway and road projects such as SH-161 in Grand Prairie and Interstate 30 in Arlington continue to move ahead thus contributing to development potential.
GSW Industrial Park
GSW consists of over 77 million SF of industrial warehouse/distribution in over 900 buildings. Fifty years ago, Texas pioneer and visionary Angus G. Wynne, Jr., founder of the "Six Flags Over Texas" theme parks, created what was to be the nation’s largest master-planned business park. GSW was implemented with a set of standards that developers throughout the country would envy and model after.
GSW Market Momentum
Consistent with the overall DFW Industrial market, the GSW submarket experienced a slight increase in year to date vacancy rates. At the end of the first quarter of 2010, the overall GSW Industrial submarket was 83.1% occupied; (versus 2009 year-end occupancy of 83.2%). The GSW submarket experienced negative overall absorption of 244,684 square feet as of Q1 2010. The negative absorption can be attributed to the recessionary climate and the consolidation of tenants.
At a closer glance, the GSW flex and bulk warehouse projects both experienced negative absorption, while the shallow-bay projects posted positive absorption. Specifically, at the end of the first quarter 2010, the flex sector absorption was negative 8,263 square feet and the bulk warehouse sector was negative 265,046 square feet. Finally, the shallow bay sector reported positive absorption of 28,625 square feet.
Notable GSW transactions during the first quarter of 2010 include:
- National Presort leased 100,875 SF at 14901 Trinity Blvd.
- Platinum Press entered into a new 95,000 SF lease at 920 Ave R
- Invacare expanded and renewed in 87,500 SF 1825 Westport
- The Salvation Army Sale purchased a 99,831 SF building at 2900 Avenue E
On the development front, all major projects in the GSW submarket have been delivered. Currently, the submarket has only 15,638 square feet under construction. Therefore, vacancy rates should remain stable through the latter half of 2010 and owners can expect to see rental rates begin to stabilize by the end of 2010.
Going forward, activity in GSW will remain sporadic and extremely competitive until the excess building inventory is absorbed and the overall economy stabilizes resulting in sustained job growth to the region. That being said, relative to the rest of the DFW industrial market, GSW has experienced good lease activity through the end of the first quarter.
GSW Industrial Association
Deed restrictions, designated sign criteria, architectural review committees, business crime watch committees and ongoing involvement and input of these issues and more by a concerned property owners association known as the GSW Association has helped to assure major corporations that the GSW Industrial Park is continuing to set the standard for industrial development. From the first deals in the late 1950's to the current developments, the GSW Industrial area has been an unqualified success thanks to the watchful eye of the Association.
By uniting property owners and businesses under one banner with a common goal, the Association continues to impact change, both politically and economically. The cities of Grand Prairie and Arlington work closely with the Association to provide the necessary momentum to be successful and ensuring that GSW will continue to be one of the premier industrial developments in the nation.
 Our Partnership
In providing the perfect combination of central Dallas-Fort Worth location, close proximity to DFW Airport, and pro-business community partnerships, GSW Industrial Park is your best choice.
Terry Jones
Business Development Manager
Grand Prairie Economic Development
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