Arlington/Mansfield Commercial Real Estate Market
The Arlington and Mansfield commercial real estate market has experienced a few quarters with negative absorption. Still, the fundamentals remain positive.
Vacancies trend well below the metro average, and rent growth has outpaced the metro average over the past four quarters. However, rent growth is still only about 10% above the prerecession peak. Transaction volume is driven by value investors, and pricing is well below the metro average.
The Arlington/Mansfield Submarket is geared toward distribution and manufacturing functions. As a result, warehouses and industrial parks are more likely to be built in this area than office facilities. Also, this submarket is home to the Dallas Cowboys and Texas Rangers, as well as the original Six Flags.
While not much has delivered so far this cycle, a few developments in planning could help breathe life into this office submarket. The $1 Billion dollar Globe Life Park is scheduled to open in 2020. This project should continue to increase the demand for commercial real estate in the Arlington and Mansfield market.
Property types are as follows:
Office 976 Buildings/13.9 MSF
Warehouse 2,046 Buildings/123.1 MSF
Medical 47 Buildings/1.5 MSF
If you would like building specific information fill in our Free Arlington/Mansfield Commercial Space Report and submit it to us. We will respond quickly with valuable building information that you can use to locate your commercial space.
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