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CBRE: Austin Industrial MarketView 4Q 2014CBRE: Austin Industrial MarketView 4Q 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=18562015-01-28T07:47:00Z2015-01-28T08:00:00Z

AUSTIN - The Central Texas industrial market ended fourth quarter 2014 with 325,620 sf of positive net absorption, pushing vacancy down to 10.6 percent, according to CBRE.

Net absorption finished up 265,989 sf for the year.

Construction remained unchanged in 4Q 2014 with 469,423 sf in progress. Almost 240,000 sf of that total was in the Southeast submarket, which made up over half of the construction in progress.

For the year, developers have delivered 578,109 sf of new industrial space to the Austin market.

Austin Industrial Market Statistics 4Q 2014
Market Rentable
Area SF
Vacancy
Rate (%)
Net
Absorption
(SF)
CBD 26,776 0.0 0
Central 1,426,566 7.8 -5,806
East 3,554,975 22.5 -13,661
Far Northeast 2,476,336 10.4 86,337
Far Northwest 510,465 1.9 3,641
Georgetown 1,238,554 0.6 3,150
Hays County 593,663 32.8 0
North 13,829,571 9.7 157,781
Northeast 7,830,210 14.4 93,029
Northwest 2,600,971 10.6 13,719
Round Rock 3,274,070 14.7 20,428
South 1,761,700 1.7 -2,717
Southeast 10,210,364 8.6 -15,272
Southwest 415,046 15.2 -15,009
Totals 49,749,267 10.6 325,620


Source: CBRE Research

tag: Austin industrial news

CBRE
Austin-Round Rock
Industrial
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