- June 1, 2021
-- The first quarter kicked off what promises to be one of the most transformative years in recent memory for Austin's industrial real estate market. Continuing upon the trends that began in mid- to late 2020, Austin continued to benefit from rapid population growth, e-commerce demand accelerated by the pandemic, and a burgeoning automotive manufacturing market that is reshaping not only the built environment, but also the skilled labor force throughout the region.
Austin continued to grow at an amazing clip, with more than 184 people moving to the greater Austin area every day. Census numbers show that Austin's five-county population grew nearly 3% year over year to nearly 2.3 million people, making Austin the fastest-growing major metropolitan area in the country.
This is easily understood by anyone trying to buy a home in Central Texas, and is backed up by building materials suppliers, HVAC distributors, electrical distributors, or any other company servicing the home building industry in Austin. Many of these companies continue to strain within the confines of their existing warehouse solutions, and are competing for expansion space and short-term overflow storage throughout our market.
Read more at https://www.colliers.com/en/research/austin/2021-q1-indus...