San Antonio, El Paso poised for industrial growth
LOS ANGELES – San Antonio and El Paso are among CBRE’s 14 strategic industrial markets that offer investors opportunities for new industrial hubs.
From 2013 through second quarter 2019, San Antonio absorbed nine million sf of industrial space, and 8.5 million sf came online. The industrial vacancy rate is 9.3 percent, and average triple-net asking rates are $6.14.
San Antonio has 561 industrial buildings and 46.9 million sf of rentable building area (RBA).
Since 2013, El Paso has absorbed 6.6 million sf of industrial space, and over 2.1 million sf of new space was completed. The industrial vacancy rate has dipped to 4.7 percent, while average asking rents rose to $4.64.
El Paso has 629 industrial buildings totaling 57.8 million sf of RBA.
Other markets on CBRE’s list:
Phoenix;
Detroit;
Central Valley, Calif.;
Las Vegas;
Greenville-Spartanburg, S.C.;
Reno, Nev.;
St. Louis;
Milwaukee;
Savannah, Ga.;
Northeastern Pennsylvania; and
Dayton, Ohio.
The Real Estate Center has more industrial news from around the state:
Source: CBRE
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