Austin Ranked #3 in Top Southwest Markets for Industrial Construction
Austin sustained performance and has a significant impact on the industrial construction market. Even Amazon is pausing development plans indefinitely for a distribution center. According to Commercial Property Executive data, Austin unlocks 3rd highest in Southwest Markets for Industrial Construction with an under-construction pipeline of 8,285,378 million in late June and 7.24% of total stock in the region.
Cushman and Wakefield said, “Although the COVID-19 pandemic brought on new challenges for the industrial market, with port congestion, materials shortages, and commodity pricing skyrocketing, the market has and will continue to excel.”