Austin industrial market 4Q2015: Cushman & Wakefield

​AUSTIN-ROUND ROCK - The industrial market continued its strong trajectory, finishing 2015 with strong absorption and low vacancy.

The industrial market recorded 385,185 of positive absorption during fourth quarter 2015, bringing the year-to-date total to more than 1.7 million sf.

The Northeast submarket experienced the strongest amount of absorption, recording 139,063 sf of overall absorption.

Vacancy rates continued their decline, as the overall vacancy decreased to 6.1 percent compared to 6.9 percent in 3Q2015.

Continued strong absorption coupled with low vacancy rates continue to raise average asking net rental rates.

The average net rental rate for all property types rose to $9.94 per sf for 4Q2015, an increase of $0.10 per sf from 3Q2015.

​​​