Q3 2021 I-20 E Snapfinger Industrial Submarket Report

The Snapfinger/I-20 East Industrial Submarket has continued its hot 2021, posting a 376,561 square foot absorption gain in Q3, bringing the submarket’s year-to-date total to 701,568 square feet. This activity has lowered the vacancy rate by 60 basis points (0.6%) to finish Q3 at 3.5%. Construction activity in Snapfinger/I-20 East Industrial is at an all-time high for square feet under construction, with 6 buildings totaling 1,906,033 square feet currently under development. Asking rental rates have seen a massive jump in the past year, increasing over 25% and currently sit at a NNN average of $4.92.

Published: Dec 06 | 2021 Download