Cushman & Wakefield: Austin Industrial Snapshot 1Q 2015
AUSTIN – Austin experienced 199,547 sf of direct absorption across all industrial property types during first quarter 2015. Q1 2015 marked the eighth consecutive quarter of positive direct absorption for the total market, dating back to Q2 2013.
The Round Rock (RR) submarket posted the highest levels of absorption for Q1 2015, recording 85,241 sf of absorption.
The Q1 2015 overall vacancy rate was recorded at 9.6 percent, 0.9 percentage point higher than the Q4 2014 rate of 8.7 percent.
The average direct rental rate recorded for all industrial property types was $9.36 per sf for 1Q 2015, 4.0 percent higher than the average rental rate of $9.00 per sf in Q1 2014.
| Submarket | Inventory SF | Overall Vacancy Rate | YTD Overall Net Absorption |
| Central | 18,900 | 0.0% | 0 |
| Far Northwest | 4,480,259 | 4.5% | 47,499 |
| North Central | 9,725,621 | 5.9% | 69,509 |
| Northeast | 12,006,106 | 16.3% | -35,818 |
| Northwest | 4,139,606 | 5.6% | 59,053 |
| South Central | 1,434,649 | 3.6% | -1,724 |
| Southeast | 9,223,111 | 8.8% | 44,987 |
| Southwest | 272,660 | 17.6% | -12,500 |
| Round Rock | 3,578,300 | 13.4% | 85,241 |
| Totals | 45,050,853 | 9.6% | 256,247 |
See Austin Industrial Snapshot 1Q 2015 (PDF) for the full report.
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