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New RECA report highlights office, industrial, retailNew RECA report highlights office, industrial, retailhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=109162015-10-22T05:00:00Z

​​​​​AUSTIN – The Real E​state 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
Austin Business Journal
Austin-Round Rock
Market Overview
http://www.bizjournals.com/austin/blog/real-estate/2015/10/reca-launches-new-commercial-real-estate-report.html?iana=ind_creRead more at {Source}

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