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Austin industrial 4Q 2012: NAI REOCAustin industrial 4Q 2012: NAI REOChttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=84872013-01-23T14:54:00Z2013-01-23T00:00:00Z

AUSTIN - The local industrial market closed the year on a high note, according to a survey of more than 37 million sf of industrial lease space conducted by NAI REOC Austin.

New leases and expansions generated 117,665 sf of positive net absorption in fourth quarter which raised the year-end total to 2,050,382 sf.

The local industrial market closed the year with a citywide vacancy rate of 12.9 percent compared to 12.6 percent last quarter but significantly improved compared to 17.8 percent recorded at the end of 2011.

Austin Industrial Market
  4Q 2012 4Q 2011
Inventory 37,321,832 37,252,898
Available 4,808,767 6,647,126
Vacant 12.9% 17.8%
4Q Absorption 117,665 465,975
YTD Absorption 2,050,382 1,100,158
Distribution / Warehouse    
Inventory 24,217,773 24,321,642
Available 2,756,915 4,453,119
Vacant 11.4% 18.3%
4Q Absorption 72,471 363,735
YTD Absorption 1,757,438 257,833
Service Center / Flex    
Inventory 13,104,059 12,931,256
Available 2,051,852 2,194,007
Vacant 15.7% 17.0%
4Q Absorption 45,194 102,240
YTD Absorption 292,944 842,325


Read more at NAI REOC Austin.

REOC AUSTIN
Austin-Round Rock
Industrial
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