Market Comparisons

    Grapevine vs Lewisville for Flex and Light Industrial Space

    By Daniel Weber

    Airport-adjacent Grapevine and I-35E Lewisville compete for the same flex and light industrial users, and the decision usually turns on all-in occupancy cost and building specification rather than headline rent.

    Users with a service radius across the northern Metroplex look at both. Grapevine buys airport proximity and a wide trade area; Lewisville buys I-35E access and, generally, more square feet for the same budget.

    Compare on all-in occupancy cost, not asking rent: the specification difference between older flex and newer shallow-bay product moves the total more than the rent line does.

    Grapevine and Lewisville flex and light industrial
    MarketAccessTypical productBest fitCost basis
    GrapevineDFW Airport gateway, SH 114 and SH 121Flex, showroom and service space, some office-flexUsers needing airport proximity or a broad retail trade areaHigher basis for airport adjacency, on transaction experience
    LewisvilleI-35E, SH 121 and the Denton County corridorShallow-bay industrial, distribution and flexDistribution and service users covering the north MetroplexMore space per dollar, on transaction experience

    Sources

    • SVN Trinity Advisors transaction experience in the SH 121 and I-35E corridors — Qualitative comparison; rent, clear height and vacancy figures publish only with a cited source.

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