By Christine Perez
Throughout North Texas and across the country, Cushman & Wakefield has a rich history of industrial real estate expertise. Clients have come to rely on that deep bank of knowledge—and transaction data reflects that. According to CoStar Group, Cushman & Wakefield’s industrial tenant rep team ranked No. 1 in deal volume for 2016, both locally and nationally.
At midyear, Cushman & Wakefield continues to lead the pack. “The amount of activity in this office is a huge asset to our clients, as it provides real-time data on the market,” said David Eseke, Director within Cushman & Wakefield’s industrial tenant representation group.
Eseke expects activity to remain brisk throughout 2017. “DFW should see continuing growth both organically and from groups looking to enter the market,” he said. “Although rental rates continue to rise, they are still well below those seen on either coast.”
With its central location and access to a large population center, North Texas continues to benefit from the e-commerce boom, said Managing Director Mark Collins. “It’s no surprise anymore, but e-commerce is driving the most demand for space in the market today,” he said. “It’s difficult for companies to predict, and it’s causing many tenants to rush for space to accommodate their customer demand.”
To better serve these types of users, Cushman & Wakefield recently launched a NewCommerce practice group, which connects the firm’s robust industrial and retail platforms. The initiative is being led by John Morris, Head of Logistics and Industrial, and Cushman & Wakfield’s new Head of Retail for the Americas, David Gorelick.