Cushman & Wakefield industrial report: 1Q 2013 Austin | Cushman & Wakefield industrial report: 1Q 2013 Austin | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=7576 | 2013-04-23T13:55:00Z | 2013-04-23T13:00:00Z |
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.
| Online news
| Austin-Round Rock
| Industrial
| http://www.cushwake.com/cwglobal/jsp/kclocalreportarchive.jsp | | | | Read more at {Source} |