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Texas Industrial Figures Q2 2023

August 10, 2023 10 Minute Read

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  • Absorption for the top five Texas industrial markets totaled 36.5 at midyear 2023.
  • The market with the most absorption year-to-date was DFW with 18.0 million sq. ft. absorbed.
  • The average vacancy across markets was 5.8%.
  • The lowest vacancy rate was once again El Paso, at 2.6%.
  • Despite rising vacancy rates in all markets, asking rents for Texas industrial space continued to climb.