Drug Maker’s Search for Manufacturing Site Creates Stir in Austin, Texas
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News that a major drug company is scouting Austin sites for a new manufacturing plant has created a lot of buzz in the commercial real estate community. “We’ve got plenty of space in Austin,” said Michael Tipps, a principal at Colliers International, a commercial real estate brokerage. “Industrial rates are 25 percent to 50 percent less than they were two years ago.” The vacancy rate for industrial property citywide is 19 percent, up from 16 percent in Source : accessmylibrary.com |