AUSTIN - CBRE has released its Austin Industrial MarketView Report for second quarter 2016.
Citywide industrial vacancy hit 6.7 percent, the lowest seen in almost two decades. Three submarkets have vacancy under 3 percent. Citywide warehouse vacancy is 5.1 percent.
Since 1Q 2014, NNN asking rates have significantly increased—warehouse NNN rates have increased by 24.5 percent since then, while flex rates have increased by 31.6 percent.
Four new industrial construction projects broke ground in the Southeast submarket, bringing the market wide under construction total to 1.04 million sf.
Warehouse product led industrial absorption in 2Q 2016 with 167,260 sf.
Looking for more information on Austin's industrial market? Visit Austin Industrial Market Research!
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