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Corpus Christi 4Q 2014 industrial: BurbachCorpus Christi 4Q 2014 industrial: Burbachhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=15792015-03-03T11:16:00Z2015-03-03T08:55:00Z

CORPUS CHRISTI - The industrial market totaled over 20.3 million sf in fourth quarter 2014, according to Burbach & Associates and CoStar Group. Of this number, 94.6 percent is considered warehouse space and 5.4 percent is considered flex space.

For 4Q 2014, the vacancy rate was 3.7 percent — down from 4.0 percent in 2Q 2014. The average quoted rental rate was $6.27 per sf, down from $6.36 in 2Q 2014.

Corpus Christi Industrial
Market Summary 4Q 2014
Market SF (000) Vacancy Rate/SF
Warehouse space 19,212 3.4% $5.98
Flex space 1,099 9.7% $9.16
CBD 1,372 15.2% $4.07
West Side 8,212 4.5% $6.10
Northwest 3,914 1.9% $7.95
South Side 1,722 3.0% $7.60
Southwest 1,864 0.7% $8.48
Total 20,301 3.7% $6.27


Source: Burbach & Associates, CoStar Group

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Burbach & Associates Inc.
Corpus Christi
Industrial
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