Aug 24, 2014
Corpus Christi 2Q 2014 industrial report: Burbach
CORPUS CHRISTI - The industrial market totaled over 20 million sf in second quarter 2014, according to Burbach & Associates and CoStar Group. Of this number, 94.7 percent is considered...
CORPUS CHRISTI – The industrial market totaled over 20 million sf in second quarter 2014, according to Burbach & Associates and CoStar Group. Of this number, 94.7 percent is considered warehouse space and 5.3 percent is considered flex space.
For 2Q 2014, the vacancy rate was 4.0 percent — down from 4.9 percent in 4Q 2013. The average quoted rental rate was $6.28 per sf, the same as 4Q 2013.
| Market | SF (000) | Vacancy | Rate/SF |
| Warehouse space | 19,125 | 3.7% | $6.11 |
| Flex space | 1,071 | 9.9% | $9.22 |
| CBD | 1,360 | 16.4% | $4.43 |
| West Side | 8,165 | 4.7% | $5.89 |
| Northwest | 3,877 | 1.9% | $7.24 |
| South Side | 1,720 | 3.9% | $8.63 |
| Southwest | 1,871 | 1.1% | $8.51 |
| Total | 20,196 | 4.0% | $6.36 |
Source: Burbach & Associates, CoStar Group
Click here for the full report.
See the full report of Office, Retail and Industrial under Corpus Christi Market Data Sources.
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