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NAI REOC: Austin 1Q 2013 officeNAI REOC: Austin 1Q 2013 officehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=72742013-05-30T11:00:00Z2013-05-29T00:00:00Z

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.

Austin 1Q 2013 Office Report
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

REOC AUSTIN
Austin-Round Rock
Office
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