With Austin’s industrial market still below 10% for the past year , Austin warehouse construction is starting to see some emphasis. For the most recent quarter, occupancy rates remained the same with still positive occupancy. New Austin warehouse construction delivered during the 2nd quarter of 2017. Most of the new construction was delivered in the Southeast sub-market. The SE sub-market has always been one of the highest concentrations of industrial product for the Austin area. Of the 800,000+ SF of warehouse construction, 80% of it was done in the Southeastern part of the warehouse market. Developers are still looking to develop more warehouse properties with an additional 400,000+ SF of product.
Sub-Markets and concentration of inventory
The Southeast sub-market is very popular due to its proximity to Interstate 35 , Highway 71 and Austin Bergstrom Airport. The top performing sub-market by popularity for the 2nd quarter of 2017 was Hays County and Round Rock. Shire Commercial is currently working with a developer to develop in Northeast Austin towards the Hutto sub-market where inventory is not in high supply. Regarding inventory concentrations, if you are a Buyer and looking for warehouse properties for sale , inventory still remains fairly tight. Stand-alone warehouses with small footprints and a yard are difficult to locate and requires a buyer to look in secondary markets or small towns typically. Pricing for warehouses will remain higher for the near-future. Lease rates are fairly static and not moving off their highs for 2017 and we expect this to continue thru the third quarter until more inventory is put onto the market and demand winds down a bit.
This property was listed by Shire Commercial, the seller had moved out of the complex and was renting to a tenant that eventually vacated the office condo in Cedar Park. The property was marketed with a Virtual Tour from Shir…
Office Condo Listing Sold
“I utilized Steve Shire to find two different spaces for my businesses, I could not believe I got great research and negotiations without a hitch, it was much more than I expected”
Joe Schaefer PhD
We have a very unique business and we needed a unique space. Steve hung in there with us for over a year. This was our first commercial purchases and he guided us through the process with patience and enthusiasm. Now if only …
Warehouse purchase
“Steve spent a great deal of time locating options and making appropriate contacts for us. Steve is professional, knowledgeable, trustworthy and is easy to work with. We felt that we were his top priority.”
Lynelle and Steve Sylliaasen
This property was a super find for a Buyer-Owner that needed to be between San Antonio and the Austin area. They were originally looking to lease a warehouse space. Shire Commercial found the client a foreclosure that was a v…
Warehouse Purchase - Foreclosure
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Independence Title
“If you are looking for a commercial realtor in the Austin, TX area look no further! After dealing with other commercial realtors in Austin, that seem to be giving me the run around and showing me what they wanted me to see i…
Warehouse Testimonial Austin Texas
“When I needed to find office-warehouse flex space in a rush, Steve Shire was able to get the job done. I gave him just 1 week to find me properties to look at with certain features. He came through for me, and on the fourth …
Mark Tarbet
Steve Shire was exceptional and met all of our expectations. We worked with him remotely to secure a space in Austin for the relocation of our business and Steve made it easy. He is excellent at communication and really on hi…
Lease completed testimonial
Mr Shire from the onset was attentive to my needs and responded quickly to all my inquiries. I am happy to report that he was able to help me in locating the perfect space for my business. The lease was signed recently and t…
