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Colliers: Higher rents, absorption in Austin office marketColliers: Higher rents, absorption in Austin office markethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=219202019-02-08T06:00:00Z2019-02-09T01:00:00Z

​​​​AUSTIN – The office market ended 2018 with higher rental rates and higher absorption, according to Colliers International’s Austin Office Q4 2018 Report.

The fourth quarter recorded 163,796 sf of positive net absorption. The majority of that occured in Class A buildings, totaling 129,775 sf of positive net absorption.

There is currently nearly 4.3 million​ sf of office space under construction, with almost 2.6 million sf preleased.

The citywide average rental rate increased over the quarter from $35.33 per sf to $36.19 per sf.

Vacancy decreased from 10.6 to 10.3 percent quarter over quarter.Colliers International office Q4 infographic.

Colliers International
Austin-Round Rock
Office
https://s3.amazonaws.com/colliersaustin/Research/Q4+2018+Office+Market+Report.pdfRead more at {Source}

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