Austin office market cools a bit, but still healthyAustin office market cools a bit, but still healthyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=150092016-10-31T05:00:00Z2016-10-31T19:00:00Z

AUSTIN - Despite a report showing year-over-year dips in occupancy and rents for top-tier space, Central Texas’ office market remains healthy with tech and other companies continuing to spur demand.

In its third quarter 2016 report, Cushman & Wakefield Austin said Class A office space was 90.4 percent occupied, on average. 

That’s down 1.3 percent from third quarter 2015 when the occupancy rate averaged 91.6 percent.

White-collar job growth fuels demand for office space. Office headcounts will rise by 10,400 jobs this year, up 4.2 percent from the end of 2015, Marcus & Millichap​ said in its latest report.

Strong demand for office space in Austin has had vacancies on a downward trend since late 2009, Marcus & Millichap said in its latest report.

Austin American-Statesman
Austin-Round Rock

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