{{titleBar.title}}

{{titleBar.tagline}}

 

 

Cushman & Wakefield office report: 1Q 2013 AustinCushman & Wakefield office report: 1Q 2013 Austinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=76062013-04-29T12:38:00Z2013-04-23T00:00:00Z

AUSTIN - For the ninth consecutive quarter, the Austin office market has experienced positive absorption with 210,722 sf of direct absorption for first quarter 2013. The Southwest submarket experienced the highest level of absorption this quarter with 123,611 sf of direct absorption.  

Overall vacancy for Austin stands at 12.5 percent, which is 3.4 percentage points less than 1Q 2012.  

Overall vacancy in the Far Northwest has dropped 21 percent since 1Q 2012 to 15.4 percent. The Central Business District overall vacancy has dropped for the seventh consecutive quarter to 11.3 percent.   

Austin Office Report 1Q 2013 — Submarket Comparison
Submarket Inventory Overall
Vacancy
Rate
Under
Construction
YTD Overall Net
Absorption
Austin CBD 8,630,127 11.3% 40,985 19,811
Far Northwest 12,413,074 15.4% 0 -11,421
Northwest 3,950,337 12.8% 0 -23,620
South Central 2,103,594 4.9% 0 10,377
Southwest 8,998,604 8.4% 86,677 114,888
Total* 43,679,450 12.5% 127,662 217,745

*All submarkets not represented in the table

Read more at Cushman & Wakefield.

Online news
Austin-Round Rock
Office
http://www.oxfordcommercial.com/market-reports/regional-overview/Read more at {Source}

 Search NewsTalk Texas