Austin industrial 3Q 2014 REOC
AUSTIN – REOC has released third quarter 2014 data for Austin’s industrial market. Despite some notable leases, the market remained relatively quiet.
The lackluster gain was not nearly enough to make up for the 168,774 sf of negative absorption recorded in 2Q 2014 and did little to boost the cumulative absorption which now stands at 71,663 sf of negative net absorption year-to-date.
The local industrial market closed 3Q 2014 with a vacancy rate of 10.8 percent, which is improved compared to 12.1 percent in 2Q 2014 and stable compared to 10.7 percent in 3Q 2013.
The city’s inventory of roughly 24.1 million sf of warehouse space experienced 118,087 sf of positive net absorption, outperforming the flex market, which recorded negative absorption.
In fact, the warehouse market has accumulated more than 583,000 sf of positive net absorption year-to-date compared to the 655,000 sf of negative absorption experienced in the flex market.
Below are highlights of the Austin industrial market for 3Q 2014.
| 3Q 2014 | 3Q 2013 | |
| Inventory (SF) | 37,198,386 | 37,070,193 |
| Available (SF) | 4,005,698 | 3,977,855 |
| Vacant | 10.8% | 10.7% |
| 3Q absorption (SF) | 14,704 | 492,996 |
| Absorption (SF) | -71,663 | 708,307 |
Source: REOC Austin
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