Here are your Q1 Small Bay Flex stats from some of the most active states for new flex space development. States like Colorado and Texas are becoming the metal building Meca as they have a lot of proposed and under construction.
#flex#flexspace#warehouse#industrial#cre
Texas led all 50 states in HQ relocations from 2018–2023 with 209 moves, peaking at 137 in 2023, per CBRE.
As Texas continues to grow we see rates for small bay flex rise into the mid teens on average. Exciting times!
Here are some metrics we are tracking in the flex market here in #TEXAS. Please feel free to reach out to us for more information. There are several key metrics not listed in this snapshot that we are happy to share.
Renovations underway! A true value-add deal, rates were at or half of market. Excited to see the potential on this project.
Reach out to our team for details. #REtwit