TEXAS - CBRE has released its first quarter 2015 Industrial Marketview for Texas metros.
Austin: Net absorption presses higher for a third straight quarter and comes in at 158,274 sf and total vacancy decreases to 10.5 percent. Despite low vacancy and healthy demand, there has been relatively little movement in industrial construction.
Dallas-Fort Worth: 1Q 2015 has been another strong quarter overall for the Dallas-Fort Worth industrial market.
With positive net absorption for the 18th consecutive quarter at 6.0 million sf, DFW continues to outperform much of the nation. 1Q 2015 saw DFW’s total vacancy rate rise 40 basis points to 7.3 percent.
El Paso: The active El Paso industrial market began the year with positive net absorption the first time since 2011. The overall industrial vacancy rate continued to decline to 11.8 percent.
This emphasizes the optimistic momentum of the local market. The vacancy rate for competitive, Class A space under 100,000 sf remained as the most “tight” segment at 2.6 percent.
Houston: Houston’s average industrial vacancy rate dropped 10 basis points from 5.0 percent as of 4Q 2014 to 4.9 percent, 1Q 2015 and 2 million sf of inventory was absorbed.
Amidst concerns regarding the energy industry, new local distribution or more specialized, crane-served type industrial leases are taking place.
McAllen: 1Q 2015 marked a sixth consecutive quarter of positive net absorption for the McAllen industrial market. Continued progressive activity decreased the market vacancy rate by 80 basis points year-over-year to 10.7 percent.
San Antonio: 1Q 2015 saw the highest levels of positive absorption for a first quarter since 2008, which also marks the 16th straight quarter where absorption was positive. This caused vacancy to fall 10 basis points quarter-over-quarter to 7.6 percent.
See CBRE Texas Industrial Marketview 1Q 2015.
This report is also under Market Research for each city.