Monthly Market Snapshot

Austin Office

Monthly Market Snapshot


MAY 2017

Market Highlights

Citywide vacancy remains below 10% in a tight market, with rates hovering around 9.8% since year-end 2016.

Net absorption for the overall office market is at positive 375,000 sq. ft. year-to-date. For full-year 2016, total net absorption was 1.2 million sq. ft. Direct space absorbed 537,000 sq. ft., enough to balance the negative 163,000 sq. ft. from sublease space.

The Austin office market has not ended a full year with overall negative absorption since 2002, 14 years ago.

The construction pipeline is at 700,000 sq. ft. with all current construction scheduled to deliver in 2017. More than half of that total (55%) is pre-leased, with Google, Inc.—set to occupy close to 240,000 sq. ft. at 500 West 2nd Street—among the notable forthcoming tenants.

Recycling company Balcones Resources previously occupied an East Austin warehouse that is now being converted into creative office space. This trend will continue in the area as demand for more office space for artists, designers, and other creative types only increases.

The Austin-Round Rock MSA recorded the month’s second-lowest unemployment rate among Texas MSAs, with a non-seasonally adjusted rate of 3.6% for March.

Research Snapshot Austin Office

Research Snapshot Austin Office

 

Research Snapshot Austin Office

 

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

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Quarterly Reports

HOUSTON

Q2 2017 Office Market Report

Q2 2017 Industrial Market Report

Q1 2017 Retail Market Report

SAN ANTONIO

Q2 2017 Office Market Report

​Q1 2017 Industrial Market Report

AUSTIN

Q2 2017 Office Market Report

Q2 2017 Industrial Market Report

 

Industrial Submarket Spotlight

Houston Southeast Submarket June 2017

 

Sublease Digest

Houston Office June 2017

Houston Office May 2017

Houston Office April 2017

Houston Office March 2017

Houston Industrial March 2017

 

Monthly Snapshots

HOUSTON

Houston Office June 2017

Houston Industrial June 2017

Houston Retail June 2017

AUSTIN

Austin Office June 2017

Austin Industrial June 2017

SAN ANTONIO

San Antonio Office June 2017

San Antonio Industrial June 2017

 

Market Insight

Market Insight

 

Monthly Snapshots (Historical)

Houston Office May 2017

Houston Industrial May 2017

Houston Retail May 2017

Houston Retail March 2017

Houston Office March 2017

Houston Industrial March 2017

 

San Antonio Office May 2017

San Antonio Industrial May 2017

 

Austin Office May 2017

Austin Industrial May 2017

 

Data InSight

Data InSight

 

Quarterly Reports (Historical)

HOUSTON

Q1 2017 Office Market Report

Q1 2017 Industrial Market Report

Q4 2016 Office Market Report

SAN ANTONIO

Q1 2017 Office Market Report

Q4 2016 Industrial Market Report

AUSTIN

Q1 2017 Office Market Report

Q1 2017 Industrial Market Report

 

SoundBytes

May 22, 2017

May 11, 2017

April 20, 2017

March 28, 2017

 

Resources

I-35 Corridor Activity Map

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