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Colliers: Austin industrial report 1Q 2015Colliers: Austin industrial report 1Q 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=8332015-06-08T12:36:00Z2015-06-05T00:00:00Z

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
https://www.recenter.tamu.edu/Pages/market-research.aspxRead more at {Source}

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