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San Antonio industrial stacks up 'names' in Texas metrosSan Antonio industrial stacks up 'names' in Texas metroshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=1642015-08-12T11:13:00Z2015-08-12T00:00:00Z

SAN ANTONIO - Although San Antonio is considered a secondary industrial market compared to other Texas metros, it will deliver about 700,000 sf of new product — as much as Austin and El Paso combined — while maintaining single-digit vacancy rates.

Of Texas' 1.4 billion-sf market, San Antonio is set to deliver substantially more than what Austin, McAllen and El Paso have in their own pipelines.

While preleased industrial space in San Antonio is practically nonexistent, the city has long been able to absorb new, unoccupied space within a couple of quarters, helping keep vacancy rates in the single digits.

In first quarter 2015, vacancy rates for industrial space in the city dropped to 7.4 percent, marking the eighth-straight quarter of occupancy rates exceeding 90 percent.

However, one of the strongest attributes for San Antonio's industrial market moving forward are 'the names.'

Its ability to attract Amazon.com Inc. and have the e-retailer open a 1.26 million-sf fulfillment center here has sparked a domino effect for new projects, sales and expansion.

That includes O'Reilly Auto Parts' upcoming $40 million, 380,000-sf distribution center in Selma and UPS' $35.2 million expansion for its distribution center at 6400 Seven States Blvd.

According to CBRE's 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, those projects totaled 26.5 million sf, 36 percent of which is preleased.

Texas has one of the largest industrial markets in the country, and San Antonio is surfacing as a big — and growing — fish in a big pond.

Texas Industrial Statistics in SF
  Under
Construction
Preleased Total Not
Preleased
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


Read more at the San Antonio Business Journal.

Click to see the Texas Industrial Marketflash (PDF).

San Antonio Business Journal
San Antonio-New Braunfels
Industrial
http://www.bizjournals.com/sanantonio/news/2015/08/10/how-san-antonios-industrial-market-stacks-up-with.htmlRead more at {Source}

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