{{titleBar.title}}

{{titleBar.tagline}}

 

 

Austin industrial ends 2017 on high noteAustin industrial ends 2017 on high notehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=190402018-02-06T06:00:00Z2018-02-06T17:00:00Z

​​​​AUSTIN – The local industrial market had positive net absorption for the first time in 2017, posting 342,922 sf of positive net absorption​ in the fourth quarter.

In all, last year saw 809,594 sf of negative net absorption.​

There is over half a million sf of new product set to deliver in first quarter 2018, with 195,000 sf of that being built-to-suit.

The citywide average rental rates decreased marginally over the quarter from $10.77 per sf NNN to $10.70 per sf. The average warehouse/distribution rental rate increased slightly to $8.46 per sf from $8.41 per sf. The average citywide flex/R&D rental rates also increased to $13.15 per sf from $13.09 average rate in third quarter 2017​.

In the fourth quarter, nearly 1.2 million sf of industrial supply was under construction.

The citywide average vacancy rate decreased from 9.3 percent to 8.7 percent over the quarter​. ​

Colliers International
Austin-Round Rock
Industrial
https://s3.us-east-2.amazonaws.com/colliershouston/2018+Market+Reports+/Q4_2017_Austin_Industrial_Market_Research_Report.pdfRead more at {Source}

 Search NewsTalk Texas