Apr 11, 2017
Composed, positive in Austin industrial market
AUSTIN – Local industrial investors and users began the year with what CBRE called a "sense of composed positivity" in its first-quarter 2017 market update.According to the report, vacancy held steady at...
AUSTIN – Local industrial investors and users began the year with what CBRE called a "sense of composed positivity" in its first-quarter 2017 market update.
According to the report, vacancy held steady at 7.2 percent, while average asking rents climbed to $10.32/sf/year, up $0.12/sf from the previous quarter.
Developers delivered more than 550,000 sf in the first quarter. An additional 1.1 million sf are underway.
The industrial market absorbed 144,672 sf.
Did you like this NewsTalk?
You might also like
PUBLISHED SINCE 1977
TG Magazine
Check out the latest issue of our flagship publication.