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BuildingSearch.com lists many Austin industrial spaces. Thousands of available industrial space listings in Austin, plus office, retail, and mixed-use developments are tracked on BuildingSearch.com. Be sure to include the various Austin industrial space categories, including office/R&D while conducting your search for Austin industrial space listings.

With approximately 800,000 square feet of speculative Austin industrial space coming down the pipe, the development cycle in Austin’s industrial space market is in high gear as industrial developers are lining up to take advantage of strong market conditions. Several large industrial space developments are underway in Austin, creating an impact on the market. For example, Trammell Crow Company recently broke ground on 224,000 square feet of speculative industrial space in the Austin submarket. Trammell Crow and ING Clarion Partners will spend $13.4 million to construct two buildings at the Expo Business Park on Burleson Road.

Austin has established itself as a technology-driven economy, considered only second to San Jose’s Silicon Valley. Rightly nicknamed Silicon Hills, Austin industrial space has attracted and nurtured the expansion of such companies as Dell and AMD. In one of Austin’s most notable projects, Samsung Electronics is moving full-speed ahead on the construction of its second local semiconductor factory, which will be known as Austin Fab 2.

Although Austin continues to primarily be considered a high-tech market, most of the new Austin industrial space developments to be built within the next 6 to 12 months will have the bulk-warehouse tenant in mind since there currently isn’t much bulk warehouse/distribution space available in the market.

While Austin’s industrial space market is seeing expansions of existing companies, new firms are entering the market and start-ups are looking to get in early on the market’s momentum with industrial space in Austin. Specifically, there are more traditional office space users that are looking at industrial flex space as a cheaper alternative since office rents have dramatically increased within the past year. Even with an increase in number of tenants looking to flex space, there’s still an abundance of industrial /flex space in Austin available on the market as vacancy currently stands at 15.5 percent, totaling 2.5 million square feet.

The Austin industrial space market towers over the office space market with 70 million square feet of space to 41 million square feet of space, respectively. The Austin office space market is booming with construction, driving increases in rental rates. For companies that have flexibility with their space options, new R&D/flex space may serve as a better alternative to the high priced office space market. While this option may not be suitable for all companies, the opportunity is there for some to take advantage of the increased supply and lower rents in the Austin industrial space market.