On average, the spec building costs approximately $1.45 per square foot less than a comparable building in a larger Texas market, such as Dallas-Fort Worth.
Rent savings on the 150,000-square-foot building equates to about $217,500 per year. Rent can be reduced up to an additional 22% due to taxes being one third less in our market and an annual rate that grows at approximately one third the rate of a facility in a larger metro market.