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Eureka Warehouse finds! Warehouses may be a tenant’s gem for properties in Austin Texas.

Vacancy finds!

How is the vacancy doing in the commercial real estate market for industrial and flex type properties in Austin?

Answer: Good for you as a tenant or a potential buyer.

Vacancy rates are still hovering in the low 20 percentile due to more space being delivered which has kept vacancy rates higher than normal.  What’s the reason? Several actually, but mainly due to some shut downs of big companies along with an overbuilt market this is keeping the vacancies higher than normal.

What does that mean for you?

Here’s an example: some companies closing their offices, others have consolidated the amount of warehouse space they needed adding to the additional capacity of industrial property in the market today. Take the additional capacity along with a higher unemployment rate that translates to lower lease rates and more concessions available to tenants and buyers. For some sellers of property, there is still an elevated expectation of what the property should sell for. This will be evened out as time moves on and the hits or offers on the specific property are not very high.

Where are the best deals areas wise?

The highest percentage of vacant warehouse and industrial space is currently located in the Northern section of Austin followed by the Northeast and Round Rock area.  It comes as no surprise that there is more warehouse space available in the Round Rock area due to the technology laden market in Round Rock which has diminished since last year employment wise. The decline in available warehouse and industrial related properties since 2008 has not declined that significantly only around 3%

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Warehouse Property Attributes

Warehouse properties have specific attributes that are important when deciding which profile is going to fit you the best for your needs. In the Austin industrial property market there are several types of warehouse spaces these include the following:

Bulk Warehouse

Flex Space Warehouse

Manufacturing Warehouse Space

Distribution Warehouse Space

Each of these warehouses has distinct layouts for tenants and buyers. As you are searching for warehouse space, we would ask you to have the answers to the following questions regarding an industrial property in Austin.

Do you want dock high loading doors or grade level access doors, more commonly known as a roll up type door? Dock high doors come in semi-dock which would fit a UPS truck and full size dock which would accommodate an 18 wheeler type truck. If you are going to utilize loading on and off an 18 wheeler, you will want to make sure there is a good turning radius for these trucks.

In a lot of industrial flex spaces the area for an 18 wheeler to turn around is not long or wide enough, which therefore would cause a big problem. Ideally standalone warehouse properties or properties that are in a large industrial park would work with an 18 wheeler.

Power, what about power. You are going to have 2 choices here and they come in 3 phase or standard power. If you require 3 phase to

Willowbrook, IL (PRWEB) November 8, 2005

Until recently, many SAP software clients were duplicating efforts and costs by using standalone Warehouse Management Systems (WMS) in order to get robust warehouse functionality. Now many of these firms can “breathe new life” into their warehouse material handling operations using a software module that integrates conveyors, pick-to-light, print and apply and other automation equipment to SAP R3’s powerful warehouse management (WM) module.

The use of secondary, standalone software systems to manage warehouse operations and material handling functions has some painful drawbacks. Not only do they require duplicate development servers, they are expensive to purchase and support. Plus, errors can result in the process of duplicating inventory data.

Many operations can obtain tremendous improvements and eliminate duplicate software support costs by simply upgrading to the right control and automation software. Numina Group’s RDS (Real-Time Distribution System) software is designed to manage the real-time control, while directly interfacing to SAP software (R3). Customers get more out of both new and existing investments. Benefits include improved operations and shipping accuracy with all inventory records residing on R3 while eliminating the high costs and challenges of maintaining dual business systems.

Forest Pharmaceuticals, a high-growth division of global Forest Laboratories, Inc., prides itself on the execution and ability to quickly distribute to its’ clients superior pharmaceutical products, marketing materials and sales initiatives.

An SAP customer, in 2003 Forest was considering the replacement of a third party WMS at its Earth City, MO distribution center. Since SAP’s WM module had evolved to include all the required software functionality need to operate the distribution operation requirements, Forest recognized the many advantages incorporating the warehouse-distribution it into the R3 Business System.

“We talked to Numina Group during the proposal phase, and felt confident that they could handle the interface,” explains David Dunaway, Manager of Business Applications at Forest Laboratories’ St. Louis office. “Numina Group was very experienced and knowledgeable in data integration to SAP as well as material handling equipment, controls and warehouse operations, so they were a good fit for the team.”

Numina Group is a leading system integrator and material handling automation supplier, providing warehouse controls and automation solutions in manufacturing and distribution material handling facilities throughout the US. Headquartered in Burr Ridge, IL. Numina Group specializes in both new and control retrofits for new or existing facilities. It’s highly experienced in R3 data interface as well as the latest warehouse automation technologies.

“Forest Laboratories’ requirement was to move all of their warehouse business rules to SAP,” explains Dan Hanrahan, Numina Group CEO. “We were able to reuse almost all of their existing investment in the control hardware, pick to light system and conveyor and integrate the material handling equipment into R3.

Using its RDS (Real-Time Distribution System) Software, Numina integrated all of Forest Laboratories’ real-time material handling control requirements, while all the inventory and business rules reside in the SAP software. As business rules change, it is no longer necessary to duplicate changes on another system. The result is a much lower cost of ownership and eliminating of errors that can result from having duplicate inventory systems.

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