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Austin industrial 2Q 2014: REOCAustin industrial 2Q 2014: REOChttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=35832014-10-09T07:47:00Z2014-07-18T06:45:00Z

AUSTIN - The latest survey of more than 38 million sf of industrial lease space showed activity slowed in second quarter 2014. REOC data closed 2Q with a citywide vacancy rate of 12.1 percent — up sharply compared to 10.6 percent in 1Q 2014.

Despite the increased vacancy, asking rental rates for area flex properties remained unchanged and currently range between $0.70 and $1.00 per sf per month.

The negative absorption generated from Dell’s move out of 300,000 sf at 13301 McCallen Pass building dragged the citywide market into the red with a total of 168,774 sf of negative absorption for 2Q 2014.

However, gains in 1Q 2014 reduced the overall setback, bringing the year-to date absorption to a loss to 86,367 sf.

Austin Industrial Market 2Q 2014
  Office/Bulk/
Manufacturing/Warehouse
Flex/R&D
Sector Existing
SF
Current
Vacancy
Under Construction* Existing
SF
Current
Vacancy
Under
Construction*
Round Rock 2,498,932 12.5% 240,000 633,446 4.0% 22,000
North 10,067,522 11.3% 109,547 5,233,778 6.5% 0
Northeast 4,025,032 7.6% 0 3,016,576 34.8% 0
East 1,283,858 4.5% 0 0 0.0% 0
Southeast 4,882,511 10.0% 0 4,259,656 15.5% 0
South 1,945,884 10.8% 0 131,848 0.0% 0
Total 24,703,739 10.2% 349,547 13,305,304 15.6% 22,000

*Expected to deliver within six months

See REOC Austin's full report. For other commercial firms, see Industrial under Austin Market Data Sources.

REOC AUSTIN
Austin-Round Rock
Industrial
http://www.reocaustin.com/theaustinsource/AU_Industrial_2Q14.pdfRead more at {Source}

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