Texas Industrial MarketView Q1 2018
- Statewide, 90-day net absorption increased by almost 2.0 million sq. ft. This was due largely to Houston’s absorption growth of 2.5 million sq. ft.
- Occupied growth in inventory combined with robust leasing activity pushed down Texas industrial vacancy to 5.9%, down from 6.3% in Q4 2017 and 6.2% a year ago.
- Dallas/Ft. Worth leads in new construction starts but with a smaller margin compared to previous quarters.
- Austin and McAllen saw quarterly growth in both new starts and total space under construction while El Paso and San Antonio just the opposite.
- Statewide, total space under construction was slightly above Q4 2017 and nearly 5.0 million sq. ft. higher than Q1 2017.