The broader North Texas industrial real estate market continues to experience challenges in filling these large facilities. Of the 31.2 million square feet of similar-sized spaces constructed since 2022, more than 30% remain unleased. This oversupply may impact future developments and investment decisions in the region.
Google’s decision to walk away from the lease raises questions about corporate demand for large-scale industrial spaces in North Texas, as well as the long-term viability of speculative industrial developments in the area.
