Austin office absorption ends year at nearly 900K sfAustin office absorption ends year at nearly 900K sfhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=218942019-02-04T06:00:00Z2019-02-06T01:00:00Z

​​​​​AUSTIN – The city ended the year with over 70.2 million sf of office space across 997 buildings in its inventory, according to ​Transwestern's​ January 2019 Office Marke​tWatch report​.​

Citywide net absorption was at 897,481 sf, and lease activity was over 5.2 million sf. 

The vacancy rate remained below 15 percent throughout 2018. Direct occupancy and total occupancy ended the year at 93.4 percent and 92.5 percent, respectively.​

According to the report, 59 office properties totaling nearly seven million sf sold ​for $1.9 billion.​​ That's an average price per sf of $331.

The average net rent was $26.43 per sf. Class A, B, and C rents were at $31.41, $22.72, and $17.79, respectively.​Austin office lease states year-end 2018

Austin-Round Rock
https://transwestern.com/market-reportsSource: {Source}

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