May 29, 2013
NAI REOC: Austin 1Q 2013 office
AUSTIN - The substantial gains exhibited in the Austin office market in 2012 served as a solid springboard for continued improvement and growth in 2013. Maintaining leasing velocity, new leases...
AUSTIN – The substantial gains exhibited in the Austin office market in 2012 served as a solid springboard for continued improvement and growth in 2013.
Maintaining leasing velocity, new leases and expansions commenced in the first three months of the year generated 223,653 sf of positive net absorption, according to the first quarter report released by NAI REOC Austin.
| Submarket | Total Inventory | Total Vacant SF | Vacant | Avg. Quoted Rent Rate |
| CBD | 8,189,844 | 907,227 | 11.1% | $32.60 |
| CENTRAL | 2,230,593 | 358,989 | 16.1% | $22.56 |
| NORTH | 1,063,227 | 370,756 | 34.9% | $19.22 |
| NORTHWEST | 12,824,184 | 1,445,718 | 11.3% | $24.77 |
| FAR NORTHWEST | 3,807,226 | 730,940 | 19.2% | $23.44 |
| NORTHEAST | 1,866,972 | 288,702 | 15.5% | $15.69 |
| SOUTH | 1,533,096 | 104,008 | 6.8% | $21.95 |
| SOUTHEAST | 1,039,950 | 163,188 | 15.7% | $14.96 |
| SOUTHWEST | 8,190,160 | 701,820 | 8.6% | $25.59 |
| ROUND ROCK | 702,139 | 132,666 | 18.9% | $20.70 |
| Totals | 41,447,391 | 5,204,014 | 12.6% | $24.31 |
Analysis by NAI REOC San Antonio based on data provided by Xceligent and approved
by the Office Advisory Board.
Source: NAI REOC Austin
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