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If the Austin-based developer strikes ahead with its plans, it will solely add extra industrial house to a white-hot market. So far as new industrial developments go, manufacturing is simply barely down from this time final 12 months. There was 17 million sq. ft of commercial house below building within the third quarter of 2023, on high of eight million sq. ft of house that’s already been delivered this 12 months, in keeping with business actual property agency Companions.
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