{{titleBar.title}}

{{titleBar.tagline}}

 

 

Colliers: Austin office report 1Q 2015Colliers: Austin office report 1Q 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=10112015-05-15T09:03:00Z2015-05-15T06:59:00Z

AUSTIN - Office vacancy remains low and rental rates continue to steadily rise across the Austin market in first quarter 2015, according to Colliers International's 1Q 2015 report.

Six buildings totaling 696,000 sf were delivered in 1Q 2015, and almost 3 million sf of office space is currently under construction.

The citywide average rental rate increased by 1.9 percent from $28.72 per sf to $29.26 per sf over the quarter.

Austin was the third fastest growing metro area in the nation during the past year with the population expanding by 3 percent between July 2013 and July 2014, according to the U.S. Census Bureau.

Austin Office Market Indicators
  4Q 2014 1Q 2015
Citywide net
absorption (SF)
390,000 392,000
Citywide avg.
vacancy
9.1% 9.2%
Citywide avg.
rental rate
$28.72 $29.26
Citywide delivered
inventory (SF)
131,500 696,300
Class A Rental Rate    
CBD $42.26 $43.03
Suburban $31.15 $31.46
Class A Vacancy    
CBD 9.7% 9.7%
Suburban 10.2% 10.6%


Source: Colliers International

Do you need other sources for Austin office? Save time! Go to Austin-Round Rock Market Research and look under the Office category.

Company News Release
Austin-Round Rock
Office
https://www.recenter.tamu.edu/Pages/market-research.aspxRead more at {Source}

 Search NewsTalk Texas