New RECA report highlights office, industrial, retail | New RECA report highlights office, industrial, retail | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=10916 | 2015-10-22T05:00:00Z | 2015-10-22T21:00:00Z | AUSTIN – The Real Estate Council of Austin (RECA) is now displaying quarterly statistics for office, industrial and retail leasing. RECA is partnering with two member companies: Cushman & Wakefield/Oxford Commercial for office and industrial statistics and Transwestern for retail data. Retail may be Austin's most competitive sector with vacancy throughout much of the city under 4 percent. Lower vacancy translates into higher rents. For example: - $25.14 — quoted gross per sf rate across the city, up from $24.24 last year;
- $36.71 — quoted gross per sf rate from most expensive submarket, the Central Business District;
- 3.5 percent — vacancy across the city; and
- 0.3 percent — lowest vacancy rate recorded in southeast submarket.
The office sector has also had rent increases: - $36.53 — average Class-A per sf rate across the city, up from $32.36 in 4Q 2014;
- $33.02 — average per sf rate for all office property types across the city, up from $29.31 in 4Q 2014; and
- 9 percent — vacancy across the city, down from 9.7 percent in 2Q 2015.
So have industrial properties: - $0.53 — average per sf warehouse rate across the city, up from $0.50 in 4Q 2014
- $0.93 — average per sf flex space rate across the city, up from $0.91 in 4Q 2014
- 6.8 percent — vacancy rates across all property types, down from 8.7 percent in 4Q 2017
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| http://www.bizjournals.com/austin/blog/real-estate/2015/10/reca-launches-new-commercial-real-estate-report.html?iana=ind_cre | | | | Read more at {Source} |