Apr 14, 2014
Corpus Christi 4Q 2013 industrial report: Burbach
CORPUS CHRISTI - The industrial market totaled 20.053 million sf in 2013, according to Burbach & Associates and CoStar Group. Of this number, 94.8 percent is considered warehouse space and...
CORPUS CHRISTI – The industrial market totaled 20.053 million sf in 2013, according to Burbach & Associates and CoStar Group. Of this number, 94.8 percent is considered warehouse space and 5.2 percent is considered flex space.
For fourth quarter 2013, the vacancy rate was 4.9 percent — up from 4.2 percent in 2012. The average quoted rental rate was $6.28 per sf, up 1.9 percent from $6.16 in 2012.
| Market | SF (000) | Vacancy | Rate/SF |
| Warehouse Space | 19,011 | 4.5% | $5.97 |
| Flex Space | 1,043 | 11.4% | $9.14 |
| CBD | 1,360 | 17.0% | $4.42 |
| West Side | 8,169 | 5.7% | $5.76 |
| Northwest | 3,814 | 1.7% | $7.42 |
| South Side | 1,660 | 5.2% | $8.45 |
| Southwest | 1,870 | 3.3% | $8.46 |
| Total | 20,053 | 4.9% | $6.28 |
Source: Burbach & Associates, CoStar Group
For more stats, see Industrial under Corpus Christi Market Data Sources.
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