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Austin industrial snapshot Nov. 2017Austin industrial snapshot Nov. 2017https://www.recenter.tamu.edu/news/newstalk-texas/?Item=184392017-11-27T06:00:00Z2017-11-27T22:55:00Z

​​​​​​​AUSTIN – NAI has released their industrial monthly Market Snapshot for ​November 2017.

Below are the market highlights and activity.

Market Highlights

Net absorption rebounding back to black quarter-to-date
  • New supply completed during 2017 stands close to 2.6 million sf, with year-to-date net absorption at -35,203 sf. 
  • The current space under construction is 1.1 million sf, with 80 percent of that space available for lease.
Innovation Business Park breaking ground 
  • The City of Hutto is ready to break ground on Titan Development’s Innovation Business Park. 
  • Initial construction on the project will include a 100,000-sf spec building to be delivered in nine to 12 months, and will be made available for occupancy s​​pring 2019. 
  • The complete plan for phase one of the $100 million speculative development calls for the construction of 800,000 sf of total of building space.
Economy grows at a strong pace in September
  • Austin jobs grew at a 3.0 percent annualized rate over the third quarter. 
  • The local unemployment rate fell to 2.7 percent, well below the 4.0 percent Texas and 4.2 percent U.S. averages.
    NAI market activity for Austin industrial market
NAI Partners
Austin-Round Rock
Industrial
http://www.naipartners.com/research/austin-industrial-monthly-market-snapshot-november-2017/

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