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Follow on Google News | Q1 2018 | Austin Industrial | Research & Forecast ReportAustin's industrial market starts the year with positive movement in construction
By: Colliers International There are at least 10 blocks of space that will be occupied by new tenants in Q2 2018, with over half a million square feet of new product set to deliver in Q2 2018 and 239,673 SF of that is build-to-suit. Austin's citywide average rental rates increased marginally over the quarter from $10.70 per SF NNN to $10.77 per SF NNN. The average warehouse/distribution rental rate also increased slightly to $8.65 per SF NNN from $8.63 per SF and the average citywide flex/R&D rental rates followed suit and increased to $13.43 per SF NNN from $13.12 average rate in Q4 2017. In the first quarter, Austin's industrial market had four buildings deliver and six new buildings began construction. Two of those new buildings are being built at Springbrook Corporate Center. The two new warehouse buildings total 258,280 SF. Read more at https://www2.colliers.com/ End
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