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Colliers: Austin industrial report 2Q 2015Colliers: Austin industrial report 2Q 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=2182015-08-04T10:00:00Z2015-08-04T09:00:00Z

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.

Austin Industrial Market Summary
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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