CBRE has released the Q4 2016 Austin Industrial MarketView, which is available for download at cbre.com/researchgateway. Below is a summary of key Q4 highlights.
Year-end vacancy ticks slightly upward to 7.3%: Robust demand in the industrial market has suppressed the citywide industrial vacancy to a low unseen since the late 1990s, with four submarkets under 3.0% vacancy.
Industrial construction picks up speed heading into 2017: Industrial developers in the Austin market broke ground on 23 new projects in Q4 2016, totaling approximately 1.6 million sq. ft.
Triple-net asking rates climb $0.05 from 2015: Citywide asking rents rose to $0.85 per sq. ft., a $0.05 per sq. ft. increase from the 2015 average asking rent of $0.80 per sq. ft.
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