CBRE: Texas industrial marketflash through 2QCBRE: Texas industrial marketflash through 2Qhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=1612015-08-12T11:14:00Z2015-08-12T09:00:00Z

TEXAS - According to CBRE’s Texas Industrial MarketFlash report, Texas is in the middle of an industrial market boom. Across the state, new projects continue to break ground as a result of overall occupancy rates hitting the high 90s.

Through second quarter 2015, the real estate firm analyzed 158 projects under construction in primary markets such as Dallas and Houston, as well as secondary and tertiary markets like San Antonio, Austin, McAllen and El Paso.

Those projects totaled 26.5 million sf, 36 percent of which is preleased.

Texas has one of the largest industrial market’s in the country — weighing in at 1.4 billion sf — with warehouse and distribution product dominating the existing, and future inventory which is being driven by the state’s position as a major distribution hub.

Texas Industrial Statistics in SF
Preleased Total Not
Dallas 13,941,133 5,029,041 8,912,092
Houston 10,207,863 5,702,177 4,505,686
San Antonio 671,939 - 671,939
Austin 487,859 115,409 372,450
McAllen 274,000 178,000 96,000
El Paso 126,456 126,456 -
Texas 25,709,250 11,151,083 14,558,167

Source: CBRE

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