Austin industrial 3Q 2013: REOCAustin industrial 3Q 2013: REOChttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=58302013-11-04T07:10:00Z2013-11-04T00:00:00Z

AUSTIN - The Austin industrial market closed third quarter 2013 with a citywide vacancy rate of 10.8 percent — the lowest recorded since mid-2007, according to the latest report by REOC Austin.

Area industrial properties experienced a healthy 492,996 sf of positive net absorption in 3Q 2013 led by a rebound of activity within warehouse spaces. Year-to-date, the citywide industrial market experienced a total 708,307 sf of positive net gain.

Citywide, asking rents currently range from $0.65–$0.95 per sf monthly for service center/flex space. Warehouse space ranges from $0.38–$0.55.

Austin Industrial Market
  3Q 2013 3Q 2012
Inventory 37,070,193 37,084,846
Available 3,998,155 4,713,724
Vacant 10.8% 12.7%
3Q absorption 492,996 1,155,912
YTD absorption 708,307 1,902,717

For the new in-depth report, see 3Q 2013 Austin Industrial Source Report. See Austin REOC Real Estate Blog and REOC Austin.

See Austin Market Data Sources for more commercial data from a variety of sources.

Company News Release
Austin-Round Rock
http://reocaustinblog.com/2013/10/22/reoc-austin-releases-3q-2013-industrial-market-update/#more-2017Read more at {Source}

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