Colliers: Austin Office Market Research and Forecast 4Q 2014
AUSTIN – Office vacancy rates decreased by 13.1 percent between third quarter 2014 and 4Q 2014, according to Colliers International.
However, citywide absorption slowed to 206,565 sf in 4Q 2014 compared to 728,703 sf in 3Q 2014.
The citywide average rental rate decreased 1.5 percent from $28.20 per sf to $27.79 per sf when compared to 3Q 2014, but increased from $27.19 per sf to $27.79 per sf since 4Q 2013.
Demand for office space remains strong spurring new development. Of the 26 buildings currently under construction citywide, 41.5 percent of that office inventory is already preleased.
The report shows CBD and suburban data with rental rates and vacancy
| Indicator | 3Q 2014 | 4Q 2014 |
| Net absorption (SF) | 728,000 | 207,000 |
| Avg. vacancy | 9.7% | 9.6% |
|
Avg. rental rate (per SF) | $28.20 | $27.79 |
|
Delivered inventory (SF) | 0 | 131,500 |
Find CBD, suburban and citywide data in Colliers International Research and Forecast Report.
Also see Austin Office Market Research for a variety of sources.
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