CoStar: Austin industrial deliveries, construction 4Q 2014

AUSTIN – During fourth quarter 2014, five buildings totaling 138,757 sf were completed in the Austin market area. This compares to two buildings totaling 18,250 sf that were completed in 3Q 2014.

There was 963,344 sf of industrial space under construction at the end of 4Q 2014.

Some of the notable 2014 deliveries include Heritage Crossing – Bldg. 1, a 222,454-sf facility that delivered in 1Q 2014, and Pecan 130 Business Park – Bldg. 1, a 120,000-sf building that delivered in 2Q 2014.

The largest projects underway at the end of 4Q 2014 were FedEx Ground Distribution, a 199,865-sf building with 100 percent of its space preleased, and Expo 11, a 130,002-sf facility.

This trend is compared to U.S. National Industrial deliveries and construction, which saw 240 buildings totaling 41.8 million sf complete construction, with an additional 164.7 million sf of industrial space still under construction at the end of the fourth quarter.