CoStar inventories Austin industrial data 3Q 2014

AUSTIN – During third quarter 2014, two buildings totaling 18,250 sf were completed, according to CoStar Group.

There was 821,396 sf of industrial space under construction at the end of 3Q 2014.

The largest projects underway at the end of 3Q 2014 include:

• FedEx Ground Distribution – a 199,865-sf building with 100 percent of its space pre-leased and
• Heritage Crossing – Bldg. 3, a 109,887-sf facility that is 23 percent pre-leased.

Some of the notable 2014 deliveries include Heritage Crossing – Bldg. 1, a 222,454-sf facility that delivered in 1Q 2014, and Pecan 130 Business Park – Bldg. 1, a 120,000-sf building that delivered in 2Q 2014.

Total industrial inventory in the Austin market area amounted to 93,463,535 sf in 3,776 buildings as of the end of 3Q 2014.

The flex sector consisted of 21,643,972 sf in 561 projects.

The warehouse sector consisted of 71,819,563 sf in 3,215 buildings. Within the industrial market there are 250 owner-occupied buildings accounting for 17,381,439 sf of Industrial space.