CoStar Austin industrial 2Q 2013CoStar Austin industrial 2Q 2013https://www.recenter.tamu.edu/news/newstalk-texas/?Item=66012013-08-12T18:31:00Z2013-08-13T08:00:00Z

AUSTIN - The Austin Industrial market ended second quarter 2013 with a vacancy rate of 8.3 percent, according to CoStar Group.

The vacancy rate was down over 1Q 2013, with net absorption totaling positive 72,963 sf in 2Q 2013. That compares to positive 86,142 sf in 1Q 2013. Vacant sublease space decreased in the quarter, ending 2Q 2013 at 74,943 sf.

Tenants moving into large blocks of space in 2013 include: Warner Brothers moving into 105,000 sf at U.S. Food Service, Nutraceutical Leasing International Lp moving into 40,800 sf at Corridor Park Pointe B and Liquis Inc moving into 40,000 sf at Corridor Park 11.

Rental rates ended 2Q 2013 at $7.08, an increase over the previous quarter.

A total of two buildings delivered to the market in 2Q 2013 totaling 19,000 sf, with 383,351 sf still under construction at the end of the quarter.

This trend is compared to the U.S. National Industrial vacancy rate, which decreased to 8.5 percent from 1Q 2013, with net absorption positive 44.6 million sf in 2Q 2013. Average rental rates increased to $5.25 in 2Q 2013, and 167 industrial buildings delivered to the market totaling almost 17.5 million sf.

Read more at CoStar Group.

CoStar Group
Austin-Round Rock
http://www.costar.com/news/article/market-trend-austins-industrial-vacancy-decreases-to-83/150983Read more at {Source}

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