CBRE 3Q 2015 Texas Industrial Marketview

​​​​TEXAS – CBRE’s Third Quarter 2015 Industrial Marketview for Texas metros has been released.

Austin: 3Q 2015 net absorption of 361,552 sf brings the year-to-date total for 2015 up to 768,62 sf, nearly three times the level reached in the previous year with one quarter to go. This also caused vacancy to fall another 120 basis points.

Dallas-Fort Worth: This quarter marks the 20th consecutive quarter of positive net absorption as it posted 2.6 million sf in total market absorption. 

The year-to-date total reached just over 12.7 million sf, putting 2015 year-to-date a mere 115,795 sf away from the total absorption level for all of 2014.

El Paso: The net absorption of just under 300,000 sf raised the annual total through the first three quarters of 2015 to 1.2 million sf. This positioned the market on track to a new cycle high for annual net absorption. 

Demand reduced overall market vacancy rate 50 basis points quarter-over-quarter and 300 basis points year-over-year.

Houston: Despite the anticipated slowing in leasing activity, absorption was up in 3Q 2015 with a net absorption of 1.8 million sf. 

The year-to-date total of 4.9 million sf is currently at 61 percent of what was reported for all of 2014. The current vacancy rate is down 10 basis points in the past 90 days.

McAllen: The regional industrial market continued in transition after recording 4,638 sf of positive net absorption in 3Q 2015, closing a two year positive streak in net gain area demand. This progressive activity pushed vacancy down to a new cycle-low reaching 9.5 percent

San Antonio: 3Q 2015 posted another strong quarter of net absorption over 200,000 sf for the quarter. The year-to-date total for 2015 now stands at 807,086 sf of positive net absorption, 220,000 sf more than just a year ago.