Austin industrial 4Q 2013: REOC Austin industrial 4Q 2013: REOC https://www.recenter.tamu.edu/news/newstalk-texas/?Item=50572014-02-11T10:08:00Z2014-02-04T09:47:00Z

AUSTIN - The Austin industrial market closed out 2013 with a citywide vacancy rate of 10.6 percent, according to the fourth quarter 2013 survey of more than 37.4 million sf of industrial lease space conducted by REOC Austin.

Tenant move-ins recorded between October 1 and the end of December generated 340,541 sf of positive net absorption within Austin-area industrial properties. The fourth quarter gain raised the year-end absorption total to nearly 1.1 million sf.

The 2013 performance marks the fourth-consecutive year of positive annual net absorption and the third-consecutive year topping the 1 million mark.

Asking rental rates for area flex properties remained stable ranging from 65 cents to 95 cents per sf per month. Quoted rental rates for warehouse product moved up slightly now ranging between 40 to 55 cents.

Austin Industrial Market
  4Q 2013 4Q 2012
Inventory 37,408,302 37,321,832
Available 3,975,423 4,808,767
Vacant 10.6% 12.9%
4Q absorption 340,541 117,665
YTD absorption 1,069,148 2,050,382

Need every fact including the 2014 Forecast? See REOC Austin. For other commercial firms, see Austin industrial information.

Austin-Round Rock
http://reocaustinblog.com/2014/01/27/reoc-austin-releases-4q-2013-industrial-market-report/#more-2139Read more at {Source}

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