Oct 25, 2017
Colliers: Austin office by the numbers
AUSTIN – In third quarter 2017, Austin’s office market saw 41,974 SF of negative net absorption, according to Colliers International.This sets the year-to-date absorption at 609,304 sf of positive net absorption. A...
AUSTIN – In third quarter 2017, Austin’s office market saw 41,974 SF of negative net absorption, according to Colliers International.
This sets the year-to-date absorption at 609,304 sf of positive net absorption.
A majority of the positive absorption happened in Class B buildings with a total of 154,351 sf of positive net absorption.
Class A buildings in Austin saw 74,003 sf of negative net absorption and Class C properties saw 122,322 sf of negative net absorption.
There is currently 3,801,853 square feet of office space under construction and 2,305,799 square feet, or 60.6 percent, of that is pre-leased.
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