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Cushman & Wakefield industrial report: 1Q 2013 AustinCushman & Wakefield industrial report: 1Q 2013 Austinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=75762013-04-23T13:55:00Z2013-04-23T13:00:00Z

AUSTIN - For the first time since second quarter 2010, the Austin industrial market absorption total was negative, with 96,205 sf of negative direct absorption for 1Q 2013 — a 128 percent decrease compared to the start of 2012.

That's according to Cushman & Wakefield's first quarter 2013 report.

Despite the flat absorption totals, triple net asking rental rates for the Austin industrial market have steadily increased since first quarter 2011, to where it stands today at $7.44 per sf per year.

Vacancy rates remain tight at 11 percent, which is a 25 percent drop since 1Q 2012.

Austin Industrial Report 1Q 2013 — Submarket Comparison
Submarket Inventory Overall
Vacancy
Rate
YTD Direct Net
Absorption
YTD Overall Net
Absorption
Central 18,900 0% 0 0
Far Northwest 4,452,759 3.9% -13,514 -13,514
North Central 9,549,568 9.0% 29,275 29,275
Northeast 11,913,056 14.3% -60,037 -60,037
Northwest 4,200,806 5.7% 11,706 11,706
South Central 1,434,649 3.8% 15,000 15,000
Southeast 9,304,227 17.0% -41,168 -41,168
Southwest 272,660 4.9% 2,000 2,000
Round Rock 3,216,075 8.4% -39,467 -39,467
Totals 44,594,431 11.0% -96,205 -96,205


Read more at Cushman & Wakefield.

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