Companies looking to relocate or expand their operation typically have aggressive timelines to get their new facility up and running, which is why existing, customizable infrastructure (also known as spec space) is critical for economic development.
Having this kind of available inventory is a challenge, which is communities that have developed speculative building space are at a competitive advantage in attracting new employers and investment. In the Texas Innovation Corridor, newly constructed spec space has allowed us to recently attract new employers, such as the Lowe’s Distribution Center and Amazon Sorting Center in Kyle. These employers, which required spec space for their operations, provide hundreds of jobs and millions in capital investment dollars – as will future companies that look to move to our region.
The demand for existing high-quality industrial space in the Greater San Marcos region is high. In turn, I am pleased to know that developers in our region are recognizing the demand and working hard to meet that need.
