AUSTIN-Ty Puckett, executive vice president of Transwestern Commercial Services, told that demand is sufficient for the SouthPark Commerce Center space, particularly since technology is driving the Austin economy. “It used to be Austin depended on state government and the University of Texas, but high tech has changed all that,” says Puckett, who has been active in Austin industrial real estate since 1984. “This market has been very strong over the past four or five years. 1999 set a new benchmark, when the city absorbed over 2 million sf. We’ve absorbed over 1 million in first the six months of this year and could absorb somewhere between 2.1 million and 2.4 million sf this year.”

Transwestern is building bulk distribution projects, flex and R&D space at the center, located at 4401 Freidrich Lane, Puckett says. “Southpark Commerce Center by the airport is very successful and we’re about to complete the second phase in that southeast market. We have basically 160,000 sf of bulk distribution with the balance, 210,000 sf of flex space.”

Transwestern also is planning to add space at its Cameron Road Corporate Park at 1418 Park Center Dr. A 178,000-sf first phase was completed last October and leased to one tenant, Exodus. A 133,000-sf second phase is slated to break ground this month, says Puckett.

The city’s industrial real estate market looks healthy for the next 12 to 18 months, with one caveat: the national economy. “If you look at the tech industry, and look at job growth, then overlay it, everything looks very good,” Puckett explains. “If we can keep the supply side in check we ought to be in pretty good shape.

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