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Austin industrial market 3Q 2012 NAI REOCAustin industrial market 3Q 2012 NAI REOChttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=92212012-10-24T10:53:00Z2012-10-24T00:00:00Z

AUSTIN - The local industrial market was pushed into high gear in third quarter 2012, according to a survey of more than 37 million sf of industrial lease space conducted by NAI REOC Austin.

New leases and expansions from July through September generated an astounding 1,155,912 sf of positive net absorption including 345,000 sf of unfixed month-to-month deals.

As a result, the citywide vacancy rate tightened in 3Q 2012 to 12.7 percent compared to 15.9 percent in 2Q 2012 and 19.0 percent in 3Q 2011. In fact, the current vacancy rate is the lowest since mid-year 2008 when it was 14 percent.

The market continues to move along a path of steady recovery as "the Austin industrial market is in the midst of an impressive rebound," says Kim Gatley, Senior Vice President and Director of Research of NAI REOC Austin.

Austin Industrial Market
  3Q 2012 3Q 2011
Inventory 37,084,846 37,077,734
Available 4,713,724 7,046,554
% Vacant 12.7% 19.0%
3Q Absorption 1,155,912 63,786
YTD Absorption 1,902,717 634,183
Distribution / Warehouse    
Inventory 24,149,734 24,146,478
Available 2,789,578 4,750,307
% Vacant 11.6% 19.7%
3Q Absorption 962,203 -236,801
YTD Absorption 1,654,967 -105,902
Service Center / Flex    
Inventory 12,935,112 12,931,256
Available 1,924,146 2,296,247
% Vacant 14.9% 17.8%
3Q Absorption 193,709 300,587
YTD Absorption 247,750 740,085


Read more at NAI REOC Austin.

REOC AUSTIN
Austin-Round Rock
Industrial
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