Austin industrial 4Q 2012: NAI REOC | Austin industrial 4Q 2012: NAI REOC | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=8487 | 2013-01-23T14:54:00Z | 2013-01-23T00:00:00Z |
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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