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REOC Austin industrial market 4Q 2014REOC Austin industrial market 4Q 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=16252015-02-26T14:55:00Z2015-02-26T07:00:00Z

AUSTIN - Demand for industrial space led to increased leasing velocity in the final three months of the year resulting in a solid fourth quarter performance for the Austin industrial market.

New leases and expansions generated a robust 548,474 sf of positive net absorption for the period — which measured more than the first three quarters combined.

The local industrial market closed the year with a citywide vacancy rate of 10.9 percent, which is improved compared to 11.9 percent last quarter and relatively stable compared to 10.6 percent recorded in the same quarter of the previous year.

Looking ahead, steady demand for space is expected to continue to tighten vacancy although the delivery of new supply may cause some fluctuations.

Austin Industrial Market 4Q 2014
  Office/Bulk/
Manufacturing/Warehouse
Flex/R&D
Sector Existing
SF
Current
Vacancy
Under
Const.*
Existing
SF
Current
Vacancy
Under
Const.*
Round Rock 2,498,932 17.8% 240,000 663,446 3.5% 22,000
North 10,177,069 10.3% 0 5,002,017 6.4% 0
Northeast 4,115,363 5.2% 153,000 3,016,576 32.5% 0
East 1,283,071 3.8% 0 0 0.0% 0
Southeast 4,882,511 5.0% 351,805 4,259,656 13.8% 0
South 1,945,884 11.7% 0 131,848 0.0% 0
Total 24,902,830 9.0% 744,805 13,073,543 14.6% 22,000

*Expected to deliver within six months

tag: CBRE Austin Industrial MarketView 4Q 2014 (PDF); Transwestern 2014 Austin Industrial MarketWatch (PDF)

REOC AUSTIN
Austin-Round Rock
Industrial
http://reocaustin.com/market.htmRead more at {Source}

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