Colliers: Austin industrial report 2Q 2015
AUSTIN – Colliers International has released its second quarter 2015 Austin Industrial Market Research Report.
Austin’s industrial market continues to progress as rental rates rise yet again in second quarter.
Vacancy dropped 140 basis points over the quarter from 10.2 percent to 8.8 percent, continuing to gradually decrease after a small increase last quarter.
Austin’s industrial pipeline had 572,705 sf of projects underway at the end of second quarter, the majority of which are in the Southeast submarket and are scheduled to deliver in 3Q 2015.
Austin’s industrial market posted 933,552 sf of positive net absorption in second quarter, which is the largest amount of absorption ever recorded in the Austin metro area, according to CoStar.
| Market* | Rentable Area (SF) | Total Vacant (SF) | Total Vacancy Rate | 2Q 2015 Net Absorp. (SF) | 1Q 2015 Net Absorp. (SF) |
| North | 13,495,226 | 1,117,463 | 8.3% | 111,863 | 39,268 |
| Southeast | 10,086,277 | 850,583 | 8.4% | 113,421 | -319,327 |
| Northeast | 7,610,416 | 824,593 | 10.8% | 369,357 | 38,253 |
| East | 3,748,225 | 196,190 | 5.2% | 2,407 | -20,038 |
| Northwest | 2,663,637 | 194,601 | 7.3% | 21,600 | -23,978 |
| Round Rock | 2,435,596 | 308,767 | 12.7% | 12,928 | 13,946 |
| Austin total** | 48,505,277 | 4,248,250 | 8.8% | 933,552 | 73,539 |
*Market ranked by rentable area.
**Total includes all submarkets of the Austin area.
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