Once a quiet suburb of north Austin, Georgetown, is now emerging as a dynamic hub for industrial development. With its strategic location, business-friendly environment, and robust infrastructure, the city is attracting significant investments in industrial real estate. But what’s driving the growth of industrial real estate in Georgetown? Explore the key factors propelling this up-and-coming location.
Strategic Location
Georgetown’s proximity to Austin and its location along major transportation corridors makes it an ideal spot for industrial businesses. The city benefits from easy access to Interstate 35 and State Highway 130, facilitating efficient distribution and logistics operations. This connectivity is crucial for businesses seeking to serve the rapidly growing Central Texas market.
Business-Friendly Environment and Economic Incentives
Local government has cultivated a business-friendly atmosphere in Georgetown by streamlining permitting processes and offering incentives to attract industrial investments. These policies have encouraged companies to invest in the area, which not only brings jobs but also stimulates the local economy through increased demand for services and housing.
Population Growth and Workforce Availability
The broader Williamson County has experienced significant population growth, transforming it into a self-sustaining community. This demographic expansion of Georgetown and surrounding areas provides a ready workforce for industrial employers and creates a demand for goods and services, further incentivizing industrial development.
The influx of residents has also led to increased housing developments, such as the Heirloom project, which plans to include 3,600 housing units alongside commercial spaces. This growth supports a vibrant community, attracting businesses seeking to capitalize on the expanding market.
Notable Industrial Developments
Several significant industrial real estate projects are underway in Georgetown, reflecting the city’s growing appeal:
- Bridge Business Park: Bridge Logistics Properties is developing a seven-building industrial park on 92.5 acres, adding at least one million square feet of industrial space.
- Georgetown Logistics Park: Stonelake Capital Partners has broken ground on a 48 acre development, planning 620,000 square feet of Class-A warehouse and distribution space across three buildings.
- Berry Creek Business Park: Transwestern Investment Group and Fidelis Industrial are constructing a 520,571-square-foot industrial project on 56 acres.
These developments signify Georgetown’s transformation into a key player in Texas’s industrial sector.
Partner with Workspace USA for Your Industrial Space Needs
As Georgetown’s industrial landscape continues to evolve, businesses require flexible and scalable solutions to meet their operational demands. Workspace USA offers modern and industrial spaces designed to accommodate a variety of business needs. From logistics and manufacturing to office and flex spaces our properties provide strategic locations, state-of-the-art facilities, and customizable options to support your growth. Contact us today to discuss how our industrial spaces can serve as the foundations for your business’s success in Georgetown’s thriving economy.