Q2 2020 DFW INDUSTRIAL MARKET REPORT
Check out Younger Partners’ first DFW industrial quarterly report for the second quarter 2020.
The second quarter wrapped up with a drastic spike in local unemployment going from 3.1% at the end of 2019 to 12.3% as of May. Since May, initial payroll numbers have rebounded some, but overall employment has stayed significantly below levels seen in February, before shelter-at-home measures took effect.
With Covid-19 wreaking havoc on the economy, we do have some upside in Dallas-Fort Worth with the region’s lower costs of living and tax advantages still expected to attract business from other parts of the country.