Monthly Market Snapshot

Austin Industrial

Monthly Market Snapshot


JUNE 2017

Market Highlights

Net absorption for the overall market is at negative 149,191 sq. ft. year-to-date. Direct space represented negative 125,665 sq. ft. and sublease space accounted for negative 23,526 sq. ft. The total Austin industrial market size is approximately 88.1 million sq. ft.

After several years of tightening, 2017 has seen a slight tempering in the industrial market, as the metro area vacancy rate has inched up to 6.2%.

Developers have continued to bank on Austin’s vigorous economic growth eventually helping fill the new spec space being added to the market. The construction pipeline is at 1,453,943 million sq. ft., comprised of half Flex and half Warehouse properties. All current construction is scheduled to deliver in 2017, with a 91.0% availability rate.

One of the largest projects currently underway in the Southeast submarket is Southpark Commerce Center V, located at 4500 S. Pleasant Valley Road. The Class A industrial/flex development includes three single-story buildings—73,832 sq. ft., 114,107 sq. ft., and 162,232 sq. ft. Although some delays have taken place, the multi-tenant space is expected to be completed by the end of the year.

While the amount of new supply has helped ease some of the tightness in the market, the higher quality space is demanding higher rents. The total average NNN rental rate for the industrial/flex Austin metro continues to rise, standing at $10.65 per sq. ft. year-to-date—the highest rate ever tracked for this market.

Research Snapshot Austin Industrial

Research Snapshot Austin Industrial

Research Snapshot Austin Industrial

 

Leta Wauson
Director of Research
leta.wauson@naipartners.com
tel 713 275 9618

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Market Insight

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Monthly Snapshots (Historical)

 

Houston Office August 2017

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Data InSight

Data InSight

 

Quarterly Reports (Historical)

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Q1 2017 Office Market Report

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Q1 2017 Office Market Report

 

​Q1 2017 Industrial Market Report

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Q1 2017 Office Market Report

Q1 2017 Industrial Market Report

 

SoundBytes

May 22, 2017

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Resources

I-35 Corridor Activity Map

The New #CREcosystem Refresh - featuring contributions from Larry Koestler, VP of Marketing