NAI Partners: Austin Industrial Market highlights

​​​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 j​obs growing at 5.1 percent year-over-year, outpacing private industry growth for the seventh month in a row.