LOS ANGELES – COVID-19 did not seem to have much of an impact on the Austin and San Antonio data markets compared with other U.S. markets, according to CBRE.
Both markets saw a strong first half of the year, with a total of six MW absorbed.
Inventory increased 5.4 MW to 163.7 MW.
Currently, there is 9.5 MW under construction.
Wholesale vacancy sat at 3.3 percent. Class A vacancy stood at 4.84 MW.
CBRE researchers say the overall outlook of both markets seems to be very positive.
Get more news on the Real Estate Center’s website:
- San Antonio and Austin industrial news
- Texas Quarterly Commercial Report
Source: CBRE