Colliers: Austin industrial report 1Q 2015 | Colliers: Austin industrial report 1Q 2015 | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=833 | 2015-06-08T12:36:00Z | 2015-06-05T00:00:00Z |
AUSTIN - Colliers International has released its first quarter 2015 Austin Industrial Market Research Report.
Austin’s industrial market rental rates have risen after nearly a decade of stagnant rates.
Though vacancy increased slightly over the quarter from 8.4 percent to 8.8 percent, likely due to the high amount of industrial product delivered last year, Austin’s citywide vacancy rate has been steadily decreasing since 1Q 2010.
Austin’s average industrial vacancy rate rose by 40 basis points over the quarter from 8.4 percent to 8.8 percent. However, since 1Q 2014, vacancy has decreased from 9.6 percent.
Austin’s industrial market posted 19,898 sf of negative net absorption in first quarter. Austin’s industrial leasing activity, which includes renewals, reached 228,000 sf in first quarter.
Austin Industrial Market Summary
Market |
Rentable
Area |
Total
Vacant SF |
Total
Vacancy
Rate |
1Q 2015
Net
Absorption |
4Q 2014
Net
Absorption |
North |
15,242,940 |
1,244,821 |
8.2% |
39,268 |
228,652 |
Southeast |
12,801,662 |
1,255,720 |
9.8% |
-387,327 |
-29,678 |
Northeast |
12,603,385 |
1,364,576 |
10.8% |
38,253 |
248,520 |
East |
4,788,283 |
200,917 |
4.2% |
-20,458 |
25,193 |
Northwest |
4,750,169 |
216,201 |
4.6% |
-23,978 |
-13,453 |
Southwest |
3,007,078 |
50,044 |
1.7% |
-12,310 |
36,696 |
Austin total |
67,272,810 |
5,910,120 |
8.8% |
-19,898 |
598,933 |
*ranked by rentable area
| Company News Release
| Austin-Round Rock
| Industrial
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