|NAI Partners: Austin Industrial Market highlights||NAI Partners: Austin Industrial Market highlights||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=18629||2017-12-19T06:00:00Z||2017-12-18T22:00:00Z|
AUSTIN –Here are some market highlights from the Austin Industrial Monthly Market Snapshot for December 2017, from NAI Partners:
Net absorption returns to positive territory year-to-date.
- After the first three quarters of 2017 tallied over 500,000 sf of negative net absorption, quarter-to-date has come through with 624,210 sf of positive absorption for a year-to-date positive 116,352 sf.
- New supply completed during 2017 is at 2.6 million sf, and current projects under construction weigh in at 1.4 million sf.
Investment sales volume is down year-over-year.
- Real Capital Analytics data reports year-to-date industrial sales volume in the Austin area at $305.2 million, resulting in a year-over-year change of -26.4 percent.
Recent job growth makes Austin the 17th-fastest growing major metro.
- The Austin Chamber of Commerce reported that Austin added 22,200 net new jobs, or 2.2 percent, in the 12 months ending in October, with manufacturing jobs growing at 5.1 percent year-over-year, outpacing private industry growth for the seventh month in a row.
|NAI Partners||Austin-Round Rock||Industrial|| http://www.naipartners.com/research/austin-industrial-monthly-market-snapshot-december-2017/|
Check out more Austin-Round Rock Industrial Market Research.