Alliance at 30: Three decades of industrial development at a glance in Dallas
Fort Worth Alliance Airport has been billed as the “world’s first industrial airport” since it opening in 1989.
April 02, 2019
- Fort Worth Alliance Airport has been billed as the “world’s first industrial airport” since it opening in 1989 as a joint development of the City of Fort Worth, the FAA, and Hillwood. Within five years, the adjacent BNSF intermodal facility and the FedEx’s Southwest Regional Sort Hub both opened in the now 26,000 acre master-planned development. Today, the Alliance area is home to over 500 companies and more than 60,000 employees.
- Warehouse & distribution space developed over the first three decades totaled nearly 40 million square feet. In the 1990s, the nearly three dozen buildings delivered averaged just over 300,000 square feet. Since then, buildings under construction today have doubled in size on average.
- Alliance is seeing a record-setting period of growth to start 2019. With a dozen buildings totaling over 8 million square feet of warehouse/distribution space currently under development, including a 600,000 square foot Amazon Regional Air Hub, Q1 2019 is the most active period in the development’s history for space currently under construction.
Looking ahead, a record-setting 3.2 million square feet is set to deliver by year-end 2019 will be short lived as nearly 4.5 million s.f. is set to deliver in 2020 alone. This 2-year period will see Alliance’s inventory grow by nearly 20 percent.
Source: JLL Research