Despite the slew of new developments in the Dallas area, there’s still room for more.
Yardi Systems found that Dallas leads the nation in most vacant land available for future projects with 90,739 acres across more than 30,000 parcels, the Dallas Morning News reported. That’s an average of 2.72 acres per parcel.
These figures are especially staggering given that Big D has added more than 40 million square feet of office and industrial space since 2012, according to the report. Thirty miles west, there’s Fort Worth, which ranked second on the list with 74,835 acres of untapped land.
It’s clear developers have no plans of slowing down, as a number of new ventures across the Dallas-Fort Worth region are in the works. Last October, it was reported that DFW led the nation in the industrial sector, amassing nearly 67 million square feet of warehouse and distribution space under construction. Industrial developments in North Texas account for 9 percent of such projects nationwide.
The report didn’t point to exact locations of the undeveloped land in Dallas, but most vacant parcels have sat in the city’s southern sector historically, the outlet said.
West Dallas has caught the eyes of investors and builders in more recent years. Omaha-based Goldenrod Companies just bought 90 properties near Singleton Boulevard, totalling 35 acres of vacant land and buildings. One of the vacant lots purchased by Goldenrod was pitched to Amazon as a potential site for its second headquarters.
San Antonio and Houston also cracked the top five for most available land, coming in at the fourth and fifth spots, respectively.
—Quinn Donoghue
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