Austin office occupancies, rents on the riseAustin office occupancies, rents on the risehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=94952012-09-26T12:57:00Z2012-09-26T00:00:00Z

AUSTIN - The Austin area office market posted gains in rents and occupancies in third quarter 2012. The occupancy rate for top-flight office space was 85.8 percent by the end of the quarter, up from 81.7 percent in the year-ago period, Oxford Commercial reported.

Rents for that first-class space averaged $29.90 per sf, up $1.67 from the $28.23 per sf on average at the end of September 2011.

The Austin metro added more than 4,000 jobs in August, a 3.2 percent growth rate over August 2011. Companies expanding their local operations include Emerson Process Management, Yodle Inc. and Apple Inc.

Read more at the Austin American-Statesman.

Austin American-Statesman
Austin-Round Rock
http://www.statesman.com/news/business/real-estate/austin-area-office-occupancies-rents-on-the-rise/nslxf/Read more at {Source}

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