Q4 2017 | Austin Industrial | Research & Forecast Report

Austin's industrial market ends the year on a positive note with additions to the pipeline
 
 
2017-Q4-Industrial-Austin-Market Report
2017-Q4-Industrial-Austin-Market Report
HOUSTON - Feb. 14, 2018 - PRLog -- Austin's industrial market had positive net absorption for the first time in 2017, posting 324,922 SF of positive net absorption in Q4. There were a few sizeable tenants that moved into large blocks of space in the fourth quarter of 2017, including Free Speech Systems moving into approximately 32,000 SF at 6231 East Stassney Lane in the Southeast submarket.

Looking forward, there are at least 20 blocks of space being filled by tenants, in Q1 2019. There is also over half a million square feet of new product set to deliver in Q1 2018, with 195,000 SF of that being built-to-suit.

Austin's citywide average rental rates decreased marginally over the quarter from $10.77 per SF NNN to $10.70 per SF NNN. The average warehouse/distribution rental rate increased slightly to $8.46 per SF NNN from $8.41 per SF and the average citywide flex/R&D rental rates also increased to $13.15 per SF NNN from $13.09 average rate in Q3 2017.

In the fourth quarter, Austin's industrial market did not have any buildings deliver, but seven new buildings started their construction over the quarter. Four of those new buildings are being built at Heritage Crossing.

Read more at https://www2.colliers.com/en/Research#sort=%40fdatez32xpu...].

Contact
Kaitlin Holm
***@colliers.com
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Source:Colliers International
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Tags:Houston Industrial Market, Market Report, Market Research
Industry:Real Estate
Location:Houston - Texas - United States
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