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Q3 2019 | Austin Industrial | Research & Forecast Report

eTradeWire News/10543521
Austin's industrial market sees a jump in new construction and absorption

HOUSTON - eTradeWire -- Austin's industrial market posted 116,788 square feet of positive net absorption in the third quarter of 2019. Activity remained high as a large number of sizeable tenants occupied significant blocks of space over the quarter including RBT Industries, a flooring manufacturer. They moved into 24,000 square feet at 800 Interchange Boulevard (Interchange East - Phase II) in the East submarket.

Austin's citywide average rental rates increased moderately over the quarter, moving up to $10.22 per square foot in Q3 2019 from $10.17 per square foot in Q2 2019. The average citywide Flex/R&D rental rate decreased moderately to $13.47 per square foot from $13.65. The average Warehouse/Distribution rental rate increased over the quarter from $8.48 per square foot to $8.90 per square foot.

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In all, 1,631,056 square feet of industrial supply was under construction consisting of  twenty-three projects. 391,628 square feet of projects in the development pipeline are scheduled to deliver in the fourth quarter and... To read more, click here: https://www2.colliers.com/en/Research/Austin/2019-Q3-Industrial-Austin-Report

Kaitlin Holm | Research & Marketing Coordinator

Source: Colliers International | Austin
Filed Under: Real Estate

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