CBRE: Austin office market resilient

​​AUSTIN ​​​– ​​The local office market continued to expand in second quarter 2018. 

According to a CBRE report, the average asking rent hit $35.84 per sf, a historic high. ​​

Vacancy and absorption also grew in the second quarter, hitting 10.7 percent and 76,902 sf, respectively. 

There was almost 4.2 million sf of office space under construction across the metro. Nearly 580,000 sf was delivered.