Here is the Austin Warehouse Report for Q3 2018 , area wise the lease rates for warehouse properties overall increased to $10 per square foot per year. Additional inventory has been added to the warehouse market in Austin. There is still approximately over 1M square feet anticipated to be delivered to the Austin market. Most new development is South in Hays County, historically it has been located in the Southeast sub-market. Overall vacancy rates have not changed much and have stayed within 80 basis points of previous quarters which were at 10%.
Continued Tightness in Small Warehouse Inventory
For buyers and tenants seeking small square footage warehouse properties, (Defined as below 5000SF) inventory will remain tight depending on the sub-market within Austin. The lowest vacancies continue to be Central and Northwest Austin. As long as demand remains high and inventory remains low, concessions and short term lease requirements will be hard to find for tenants. If you are a tenant and need warehouse space that is small, expecting a dock high or a high parking ratio is not typical for pre-exisiting inventory. Flexibility on the Buyer and tenant’s part remains the critical factor in finding the right warehouse for Clients for the rest of 2018.
“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
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… Read more
Capt Art Cardenas
“Thank you so much Steve. I also greatly appreciate you sending me info about title insurance! You really are awesome at what you do!!
Dr Shirin Bazaz
Office Condo Purchase
“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… Read more
Warehouse Testimonial Austin Texas
“Owning a loudspeaker company presents unique challenges in location, so as not to disturb other tenants. Steve worked with us to find the perfect spot, and when we did he negotiated for us through 4 months of back and fort… Read more
Lian Amber April 2013
“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 … Read more
Mark Tarbet
“You are absolutely one of the best agents to work with” – Marilyn Van Uum-Independence Title
Independence Title
“Steve, you did a good job as Melissa and Kelley’s tenant broker andmade negotiations more efficient for me as a Landlord”
T Burns - Colorado Bldg Corp
“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
“Steve is a great agent to work with. He is very patient and professional. He worked with us as our buying agent for some warehouse units. The process lasted longer than a year. Steve has been following up with any questi… Read more
