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REOC: Austin 4Q2015 industrial market/submarketREOC: Austin 4Q2015 industrial market/submarkethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=123592016-03-04T06:00:00Z2016-03-04T21:35:00Z

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

The quarter featured a trifecta of positive indicators in the Austin industrial market including healthy leasing/sales activity, positive net absorption and improved occupancy.

Strong market fundamentals continue to support stable rental rates and new construction.

According to the survey of more than 38 million sf of industrial lease space, new leases and expansions generated 400,200 sf of positive net absorption in 4Q2015. The Southeast sector led all sectors with 320,329 sf of positive net gain

For the year, the Austin industrial lease market experienced a net change in occupied space totaling 1,458,958 sf—nearly matching the total net gain recorded for the past two years combined.

Healthy leasing and positive absorption are manifested in the improved citywide vacancy rate which tightened from 7.5 percent in the third quarter to 6.9 percent at year's end, a substantial improvement compared to 10.9  percent vacancy in 4Q2014.​

No significant change was measured in quoted rental rates compared to 3Q2015.

However, upward pressure on rents will increase as vacancy rates continue to tighten.

See Austin Industrial Market Research with 4Q 2015 reports listed A-Z by company name.

REOC AUSTIN
Austin-Round Rock
Industrial
https://assets.recenter.tamu.edu/Documents/MktResearch/Austin_REOC_Industrial.pdfSee the full report at {Source}

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