Q1 2020 | Austin Industrial | Research & Forecast Report
Austin's industrial absorption takes a hit with the arrival of COVID-19
By: Colliers International | Austin
Austin's citywide average rental rates increased over the quarter, moving up to $10.72 per square foot in Q1 2020 from $10.13 per square foot in Q4 2019. The average citywide Flex/R&D rental also increased, moving up to $14.54 per square foot from $13.33. The average Warehouse/Distribution rental rate increased moderately over the quarter from $9.14 per square foot to $9.34 per square foot.
In all, 1,067,465 square feet of industrial supply is under construction consisting of eleven projects. 830,765 square feet of projects in the development pipeline are scheduled to deliver in the... Read the full report here: https://www2.colliers.com/
Kaitlin Holm | Research & Marketing Coordinator