AUSTIN – Strong tenant demand drove the local industrial market to its 26th consecutive quarter of positive net demand in 4Q2020.
According to CBRE, average asking rates rose $0.29 quarter over quarter to $10.17 per sf.
Vacancy decreased by 150 basis points to 8.2 percent.
The development pipeline also remained robust with 15 projects totaling 1.6 million sf under active construction. Last quarter, 460,516 sf came online.
The Texas Real Estate Research Center has more industrial news for Austin-Round Rock:
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