REOC: Austin 3Q 2015 industrial market/submarketsREOC: Austin 3Q 2015 industrial market/submarketshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=114382015-12-10T06:00:00Z2015-12-10T17:00:00Z

​​​​​​​AUSTIN - The Austin Industrial Building Market Update report for third quarter 2015 has been released by REOC Austin. 

The market saw an increase in net absorption and occupancy while asking rents stayed level. 

Leasing activity generated 532,064 sf of positive net absorption, pushing the net change in occupied space for the first three quarters of the year to 1,126,000 sf.

The net gain through the end of 3Q 2015 is already double of what the market experienced last year and exceeds the gain recorded in 2013.

The market closed 3Q 2015 with a citywide vacancy rate of 7.5 percent, down from 8.9 percent 2Q 2015 and 11.0 percent recorded in 3Q 2014.

Three new warehouse projects were delivered in the 3Q 2015 totaling more than 392,000 sf, including Expo 10 (109,203 sf) and 11 (130,002 sf) in the Southeast sector and Harris Ridge 5 (153,000 sf) in the Northeast. 

There are currently three major buildings under construction totaling 362,000 sf, including two Service Center/Flex buildings at Met Center II (232,000 sf) and another warehouse building at Expo 12 (130,000 sf).

See The Source | ​​REOC Austin​ for more quarterly reports with maps.

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​​Want more on the Austin industrial market/submarket? Check out Austin Industrial Market Research​.

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