Colliers: Austin 3Q 2015 Industrial Market ReportColliers: Austin 3Q 2015 Industrial Market Reporthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=111752015-11-17T06:00:00Z2015-11-17T16:00:00Z

​​AUSTIN - ​​During third quarter 2015, Austin's industrial market continued to progress as rental rates rose yet again, reports Colliers​ International.

The citywide average quoted rental rate increased by 4.2 percent between quarters from $8.59 to $8.95 per sf NNN, and increased 19.8 percent on a year-over-year basis from $7.47 per sf NNN.

Vacancy dropped 70 basis points over the quarter from 9.2 percent to 8.5 percent, and has dropped 270 basis points on a year-over-year basis.

The current overall vacancy rate of 8.5 percent is the lowest ever recorded.

Three buildings totaling 399,205 sf were delivered in 3Q 2015, all of which were in the Southeast submarket.

Although positive net absorption decreased over the quarter for a total of 695,013 sf, this is still the second highest positive net absorption ever recorded. ​

Colliers International
Austin-Round Rock

​L​ooking for more on the Austin Industrial Market? Check out Austin Industri​al Market Research.

Read more at {Source}

 Search NewsTalk Texas