Austin’s industrial market saw substantial activity in 2024, with five major leases totaling over 1.6 million square feet. The transactions were dominated by manufacturers and logistics providers, led by Four Hands’ 570,489-square-foot lease at Airport Logistics Center. These deals reflect Austin’s appeal as a manufacturing and distribution hub.
Read Next: Austin-Area Industrial Developments (Under Construction and Proposed)
5 Largest Industrial Leases Signed in Austin
1. Four Hands
Four Hands, a furniture wholesaler and designer, signed a lease for 570,489 square feet at Airport Logistics Center in 2Q 2024. Four Hands is leasing the entirety of Building 2 at Airport Logistics Center. This is one of many leases Four Hands has signed around the outskirts of Austin in recent years.
Four Hands occupies over 1 million square feet of industrial space in the area, but this is their first lease along the SH-130 corridor.
2. Saronic Technologies
Saronic Technologies, a manufacturer of unmanned surface vehicles used for maritime security, signed a lease for 413,388 square feet at Eastside Commerce Center in 4Q 2024.
Saronic is an Austin-based company that has grown dramatically after its conception two years ago, adding more than 100 people to its staff in 2024.
3. FMT Inc.
FMT Inc., a manufacturer of plastic parts whose services include engineering and design, prototyping, and plastic injection molding, signed a lease for 232,912 square feet at Gateway35 Commerce Center in 2Q 2024.
FMT Inc. expanded from its existing space in Building 2 into Building 3, bringing its total footprint to 420,470 square feet.
4. Prolift Rigging
Prolift Rigging, a full-service rigging, transportation, and warehousing provider, signed a lease for 229,312 square feet in Whisper 35 Logistics in 1Q 2024.
Prolift Rigging signed the lease to occupy the entirety of this property shortly after the building delivered in 4Q 2023.
5. Xinquan
Xinquan, a designer, manufacturer, and seller of automotive parts, signed a new lease for 218,400 square feet at Mustang Ridge. This lease encompasses all of Building 1 in the industrial park.
Download: AQUILA’s Latest Austin Industrial Market Report
Conclusion
These five leases demonstrate the robust demand for industrial space in Austin throughout 2024, particularly from manufacturing and logistics companies. With new developments underway, the market continues to expand to meet the needs of growing businesses in the region.
