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NAI Partners: Austin Industrial Market highlightsNAI Partners: Austin Industrial Market highlightshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=186292017-12-19T06:00:00Z2017-12-18T22:00:00Z

​​​Market Activity (includes industrial and flex properties) YTD 2017 Vacancy 7.2% Availability 9.9% Net Absorption (SF) 116,352 Leasing Activity (SF) 4,707,691 Deliveries (SF) 2,646,140 Under Construction (SF) 1,404,497 Avg Asking NNN Rent (PSF) $10.55AUSTIN –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 j​obs 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​.

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