Annual taking rent per sf of big-box real estate in Dallas, Texas 2013-2023
The annual taking rent of industrial big box buildings has been on an upwards trend since 2013, except for a slight decrease in 2021. In the first half of 2023, a square foot of big box space cost 6.7 U.S. dollars, up from 3.26 U.S. dollars in 2013. Big-box buildings refers to large industrial buildings used for distribution. Despite the increase in rental rates, big box rents in Dallas were lower than theĀ average in North America.