AUSTIN – The metro saw its 24th consecutive quarter of positive demand with net absorption registering at 21,412 sf in 2Q2020, according to CBRE.
Average asking rates rose $0.08 to $9.64 per sf in last quarter.
Vacancy decreased 70 basis points to 10.1 percent.
The development pipeline remained robust with 17 projects totaling 1.2 million sf under construction. Five buildings totaling 614,814 sf came online.
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