CBRE: Hot! Hot! Austin industrial market keeps paceCBRE: Hot! Hot! Austin industrial market keeps pacehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=128422016-04-14T05:00:00Z2016-04-14T20:50:00Z

​​AUSTIN - ​CBRE has released its Austin Industrial MarketView Report First Quarter 2016​. ​

After a strong 2015, Austin's industrial market kept pace and posted solid performance gains for 1Q2016.

Citywide industrial asking rents jumped again, reaching new all-time highs at $0.83 per sf.

Vacancy dipped lower, finishing 1Q2016 at 7.1 percent, and absorption came in with a healthy 281,107 sf.

Looking into the near future, the outlook for the market has remained strong.

Yet given the strong success of the market in recent quarters, the development side of the market has been subdued.

There were no new deliveries to start the year and industrial projects under construction total less than 500,000 sf combined citywide.

Austin-Round Rock

Looking for more information on Austin's industrial market? Visit Austin Industrial Market Research!​

See the full report at {Source}

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