AUSTIN - The local industrial market ended fourth quarter 2013 with a vacancy rate of 7.8 percent — down from the previous quarter. Net absorption totaled positive 305,802 sf in 4Q 2013, compared to positive 462,582 sf in 3Q 2013.
Vacant sublease space decreased in the quarter, ending at 259,510 sf. Rental rates ended 4Q 2013 at $7.32, no change over the previous quarter.
A total of two buildings delivered to the market in the quarter totaling 119,655 sf, with 448,464 sf still under construction at the end of the quarter.
Read more at CoStar Group.
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