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NAI REOC: Austin 2Q 2013 officeNAI REOC: Austin 2Q 2013 officehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=65372013-11-04T07:20:00Z2013-08-22T00:00:00Z

AUSTIN - Dynamic job growth translated into new tenant leases and expansions which generated 384,727 sf of positive net absorption in the local office market, according to second quarter 2013 report by NAI REOC Austin.

In all, 2Q 2013 activity increased the year-to-date total net absorption to 486,298 sf.

With no new supply delivered to offset the gains, the citywide direct vacancy rate tightened to 12.3 percent, compared to 13.2 percent in 1Q 2013 and 14.7 percent recorded in 2Q 2012.

Austin 2Q 2013 Office Report
Submarket Total
Inventory
Total
Vacant SF
Vacant Avg. Quoted
Rent Rate
CBD 8,409,672 915,572 10.9% $31.96
CENTRAL 2,230,593 335,482 15.0% $22.76
NORTH 851,980 228,429 26.8% $18.41
NORTHWEST 12,773,290 1,454,423 11.4% $25.35
FAR NORTHWEST 3,670,981 688,456 18.8% $23.61
NORTHEAST 1,866,972 306,110 16.4% $15.80
SOUTH 1,533,096 96,581 6.3% $22.72
SOUTHEAST 1,039,950 162,116 15.6% $16.30
SOUTHWEST 8,188,569 752,284 9.2% $26.63
ROUND ROCK 865,942 169,152 19.5% $21.02
Totals 41,431,045 5,108,605 12.3% $24.80

Analysis by NAI REOC San Antonio based on data provided by Xceligent and approved
by the Office Advisory Board.

Source: REOC Austin

REOC AUSTIN
Austin-Round Rock
Office
http://www.naireocaustin.com/market.aspRead more at {Source}

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