Austin industrial 1Q 2014 REOC
AUSTIN – The local industrial market experienced a slow but positive first quarter, according to the 1Q 2014 survey of more than 37.4 million sf of industrial lease space conducted by REOC Austin.
New leases and expansions were largely offset by tenant move-outs resulting in a rather quiet 82,407 sf of positive net absorption for the first three months of the year.
As a result, the Austin industrial market closed 1Q 2014 with a citywide vacancy rate of 10.6 percent which is unchanged from last quarter but significantly improved compared to 13.2 percent recorded in the same quarter the previous year.
The city’s inventory of roughly 24.3 million sf of warehouse space dominated 1Q 2014 activity with a total of 284,088 sf of positive net absorption recorded.
| 1Q 2014 | 1Q 2013 | |
| Inventory | 37,683,831 | 37,195,507 |
| Available | 4,002,280 | 4,910,488 |
| Vacant | 10.6% | 13.2% |
| 1Q absorption | 82,407 | -141,372 |
| YTD absorption | 82,407 | -141,372 |
Need every fact including the 2014 Forecast? See REOC Austin. For other commercial firms, see Industrial under Austin Market Data Sources.
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