Austin 3Q 2015 industrial snapshot Cushman & WakefieldAustin 3Q 2015 industrial snapshot Cushman & Wakefieldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=112072015-11-30T06:00:00Z2015-11-30T18:00:00Z

​​​​AUSTIN-ROUND ROCK​ - ​​The industrial market continued to see an increase in absorption and a fall in vacancy during third quarter 2015. 

The industrial market experienced 535,220 sf of positive absorption during 3Q 2015.

This marked the tenth consecutive quarter of positive absorption in the Austin industrial market, dating back to 2Q 2013.

The Round Rock submarket experienced the highest absorption totals as 186,412 sf was absorbed during 3Q 2015. 

Strong absorption figures across the entire market led to the continued drop of overall vacancy, which was down 1.7 percentage points from 2Q 2015.

Low vacancy and strong absorption figures have also contributed to an expected rise in rental rates.

The average direct rental rate recorded for all property types rose to $9.84 per sf, up $0.84 per sf from the recorded rent during the second quarter. 

A key transaction was the sale of the 935,255​-sf One83 Office Park — the former FreeScale Semiconductor Inc. campus at 3443 Ed Bluestein Blvd.​

Cushman & Wakefield
Austin-Round Rock

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