|CBRE 2Q 2017: Texas construction, construction, construction||CBRE 2Q 2017: Texas construction, construction, construction||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=17300||2017-08-08T05:00:00Z||2017-08-08T19:15:00Z|
TEXAS – CBRE has released its second quarter 2017 industrial report for markets in Texas.
The report indicates, after a record quarter of construction deliveries by primary markets in 1Q 2017, non-primaries followed suit with a combined quarterly record of 2.6 million sf in 2Q 2017.
Dallas reported the largest delivered amount followed by Houston and San Antonio with similar volumes.
Positive move-ins increased year-to-date net absorption for most markets, El Paso already surpassed its 2016 annual net absorption while San Antonio has maintained its leasing velocity at 54 percent.
Aggregate leasing data from top transactions across all Texas markets show that 32 percent of year-to-date activity was attributed to demand from the distribution and logistics industry.
Wholesale, food and beverage, and machinery and appliances together also contributed a strong 41 percent to positive movements this quarter.
Check out these markets for more Industrial Market Research: Houston, DFW, McAllen, El Paso, & San Antonio!