Tag Archive: Austin Vacancy

Oct 10

3Q 2014, Austin Industrial Market

The Austin Commercial Real Estate industrial market was relatively quiet in the 3rd Quarter of 2014, registering 14,704 square feet of absorption. Year to date absorption remains at a negative 71,663 square feet. The 3rd quarter numbers were an improvement over the 2nd quarter negative 168,774 square feet of absorption. Vacancy totals 10.8%, an improvement …

Continue reading »

Permanent link to this article: http://atxre.com/3q-2014-austin-industrial-market/

Sep 19

Austin Commercial Real Estate Market Update Mid Year 2014

Q2 2014 AUSTIN COMMERCIAL REAL ESTATE OFFICE MARKET The second quarter of 2014 netted 331,000 square feet (SF) of positive net absorption.  Year to date absorption totals 529,192 SF.  Second quarter lease activity totaled 1,285,825 SF of signed leases which equates to 260 lease transactions for the second quarter, a 5% increase over the Quarter …

Continue reading »

Permanent link to this article: http://atxre.com/austin-commercial-real-estate-market-update-mid-year-2014/

Sep 11

Quarter 2 2014 Austin Office Construction Update

Quarter 2 2014 Austin Commercial Real Estate Market New Office Construction update by Colliers International recently came out.  The following tidbits regarding new office construction were noted: As of the second quarter of 2014 Austin had more than 2.4 million square feet of office space under construction. Seven new buildings totaling 199,286 square feet were …

Continue reading »

Permanent link to this article: http://atxre.com/quarter-2-2014-austin-office-construction-update/

Aug 28

Austin Commercial Real Estate Market Industrial Update Q2 2014

For two consecutive quarters the Austin Industrial market shows negative absorption, the first time back to back quarters of negative absorption have been posted since 2009. Q2 2014 posted negative 109,469 square feet of negative absorption. Year to date 2014 absorption totals negative 293,813 square feet Vacancy has therefore risen 40 basis points quarter over …

Continue reading »

Permanent link to this article: http://atxre.com/austin-commercial-real-estate-market-industrial-update-q2-2014/

Jul 31

Q2 2014 Austin Office Market Update

Jones Lang LaSalle’s Q2 2014 Austin Office Market Report shows Austin’s continued tightening of the Office Market with the following highlights noted. The Austin office market continues to tighten as the vacancy rate ends the quarter at 12.2 percent – 8% lower than Q2 2012. Total net absorption equaled 188,00 square feet, down 41% from …

Continue reading »

Permanent link to this article: http://atxre.com/q2-2014-austin-office-market-update/

Jun 24

Q1 2014 Austin Multifamily Report

Quarter 1, 2014 Austin Multifamily Report was recently released by CBRE and it continues to report good news for the Austin Texas market. The Austin multifamily market breaks down into 4 Classes – Class A, B, C, and D.  11% of the total units are in Class A, 28% of the units are in Class …

Continue reading »

Permanent link to this article: http://atxre.com/q1-2014-austin-multifamily-report/

May 25

Q1 2014 Austin Retail Market Report

Quarter 1, 2014 Austin Retail Market report by Transwestern shows that vacancy in the retail market continues to decrease (95% occupancy) as the quoted rental rate remains steady at an average of $15.84/SF/Year.   Significant recent Retail leases include the Aveda Institute leasing 17,339 SF at former Shepler’s at Highland Mall and La Morelia Mexican …

Continue reading »

Permanent link to this article: http://atxre.com/q1-2014-austin-retail-market-report/

May 24

Q1 2014 Austin Industrial Market Report

Quarter 1, 2014 Austin Industrial Market Report by CBRE for Austin continues the trend of the last few years of negative absorption in the first quarter of the year. Negative absorption of 184,344 SF in the first quarter was the weakest since 2010 Citywide vacancy is now at 11.2% Flex space outperformed warehouse product posting …

Continue reading »

Permanent link to this article: http://atxre.com/q1-2014-austin-industrial-market-report/

Feb 07

Fourth Quarter 2013 Austin Industrial Market

Ellis & Salazar Sale

The vacancy rate in Austin’s Industrial market decreased to 7.8% in the fourth quarter of 2013 according to a recent report by the CoStar Group.  Click here for more information. In summary the report shows: Net absorption totaled a positive 300,000 square feet in Q4. Net absorption was down from Q3 when it totaled 463,000 …

Continue reading »

Permanent link to this article: http://atxre.com/fourth-quarter-2013-austin-industrial-market/

Jan 31

Quarter 4 2013 Austin Retail Market Update

Not much change in the 4th Quarter of 2013 according to CoStar’s quarterly market report.  Click here for the article. Highlights of the report include: Vacancy dropped from 5.1% in Q3 2013 to 4.9% in Q4. Net absorption totaled 228,000 SF compared to Q3 2013 which totalled 271,000 SF Large space occupancy was led by …

Continue reading »

Permanent link to this article: http://atxre.com/quarter-4-2013-austin-retail-market-update/

Jan 22

Quarter 4, 2013, Austin, Texas Office Market Report

Downtown Skyline

CoStar’s Q4 2013 Office Market report gives us a glimpse into the rapidly improving Austin Office Market.  Here are the details: Vacancy rate fell to 9.3% when compared to the previous quarter. Q4 net absorption totaled almost 500,000 SF up from the positive 300,000 SF absorbed in Q3. Rental rates average $27.94/SF/Year an increase over …

Continue reading »

Permanent link to this article: http://atxre.com/quarter-4-2013-austin-texas-office-market-report/

Jan 15

Q4 2013 Austin Apartment Market update

Hendricks Berkadia logo

Rental demand for apartments in Austin soared in 2013 according to a recent report by Hendricks-Berkadia Apartment Real Estate Advisors. Highlights from the report include: 6,240 apartments were absorbed in 2013 up from 3,350 units in 2012. US Hwy 183 / Cedar Park / Leander corridor and the Far South submarkets lead the way in …

Continue reading »

Permanent link to this article: http://atxre.com/q4-2013-austin-apartment-market-update/

Nov 15

Austin Texas 3rd Quarter Multifamily Update

Hendricks – Berkadia recently provided a market update for Quarter 3 2013 and is showing the following numbers. Inventory is up by 1,540 units in last 3 months. Year to date deliveries total 4,250 units, outpacing 2012’s 2,760 units. Net absorption totaled 1,690 units in quarter 3. Average asking rent increase by .9% to $1,026.

Permanent link to this article: http://atxre.com/austin-texas-3rd-quarter-multifamily-update/

Oct 24

Third Quarter, 2013 Austin Retail Market Overview

Marcus & Millichap have put together a great 3rd Quarter Market Report on the Austin retail market.  Highlights include: Vacancy is maintaining a downward trajectory (expected to be 5.6% by year end) as tenant demand remains healthy. Average asking rents by years end are expected to reach $19.21/sf/year up 1.4% from year end 2012. Construction …

Continue reading »

Permanent link to this article: http://atxre.com/third-quarter-2013-austin-retail-market-overview/

Oct 23

Quarter 3 Austin, Texas Industrial Market Improves

CBRE‘s Q3 2013 Austin, Texas Industrial Market report shows a continued uptick. The 3rd Quarter of 2013 had its lowest vacancy rate in 12 years – coming in at 10.7% (8.2% in 2001). 200,000 SF +in positive net absorption in the 3rd quarter. Warehouse space outperformed flex space, accounting for 66% of the net absorption …

Continue reading »

Permanent link to this article: http://atxre.com/quarter-3-austin-texas-industrial-market-improves/

Oct 22

3rd Quarter Austin Office Market Update

CBRE recently published their 3rd Quarter Office Market report which contains continued good news for the Austin Texas office market. The current vacancy rate stands at 12.4% which is the lowest vacancy rate in twelve (12) years. Absorption was primarily in the far Northwest submarket (Paypal, Marsh, Innovative Aftermarket Systems each took +30 KSF).  Other …

Continue reading »

Permanent link to this article: http://atxre.com/3rd-quarter-austin-office-market-update/

Oct 16

Austin Industrial Real Estate Market Tightens Up

Jan Buchholz with the Austin Business Journal sums up the local industrial market pretty well with this quote from her 10/15/13 article on the lease up of Scottsdale Crossing in Cedar Park. The industrial market has grown very tight in Austin with few new developments constructed in the past five years. The third quarter vacancy …

Continue reading »

Permanent link to this article: http://atxre.com/austin-industrial-real-estate-market-tightens-up/

Sep 30

Austin Office Property Sales Increase Year over Year

Austin, Texas Downtown

[important]The number of office building sales doubled in the first half of 2013 compared to the first half of 2012 according to a recent article in the Austin American Statesman.[/important] Twenty office buildings sold from January to June 2013 according to Helen Jobes at Kennedy Wilson (Commercial Real Estate Investment Firm) compared to ten in …

Continue reading »

Permanent link to this article: http://atxre.com/austin-office-property-sales-increase-year-over-year/

Aug 16

Quarter 2, 2013 Austin Office Market Update

NAI Reoc Austin released their second quarter Austin Office Report August 9, 2013 and the Austin office market continues to sizzle. [important]Direct vacancy continues to go down currently at 12.3% compared to 13.2% last quarter and compared to 14.7% in the second quarter of 2012.[/important] With no new office space delivered in this quarter the …

Continue reading »

Permanent link to this article: http://atxre.com/quarter-2-2013-austin-office-market-update/

Oct 15

Lease Rates for CBD Class A Office Space at all Time High

glass office building

Jones Lang LaSalle’s Quarter 3, 2012 Office Insight report was recently released.  It details significant improvements to the local office market. Q 3 leasing activity was up 18.1% over Q 2 Q 3 net absorption totaled 179K SF Q 3 net absorption includes 330 K SF of negative absorption from Intel and Cirrus Logic given …

Continue reading »

Permanent link to this article: http://atxre.com/quarter-3-2012-austin-office-market-report/

May 30

Quarter 1, 2012 Commercial Real Estate Market Report, Austin, Texas

CUSHMAN & WAKEFIELD Marketbeat Office Snapshot, Austin, TX Quarter 1 2012 Vacancy fell in the Austin office market for the 5th consecutive quarter, dating back to Q1 2011.  Overall vacancy is currently at 15.9%.  Overall vacancy in the local market has trended downward since 2009.  Average full service lease rate totals $25.54 / sf which …

Continue reading »

Permanent link to this article: http://atxre.com/quarter-1-2012-commercial-real-estate-market-report-austin-texas/

Jan 09

2012 Austin Economic & Housing Outlook

Texas A&M Real Estate Center

Dr. Jim Gaines, Research Economist at the Texas A&M Real Estate Center, provided the following outlook for the 2012 Austin Economy and Housing market at the Austin Board of Realtors on October 26, 2011. In a nutshell, “U.S. housing market will remain steady with no major movement and Texas & Austin Local housing markets should …

Continue reading »

Permanent link to this article: http://atxre.com/2012-austin-economic-housing-outlook/

Nov 03

Austin Office Market, Quarter 3, 2011

Logo

Grubb & Ellis, Austin Office Market, Quarter 3, 2011 notes the 9th consecutive quarter of positive net absorption.  644,000 sf was leased in the 3rd Quarter of 2011 which when added to 2011 quarters 1 and 2, adds up to 980,000 sf leased year to date.  Class A & Class B continue to lead all …

Continue reading »

Permanent link to this article: http://atxre.com/austin-office-market-quarter-3-2011/

Nov 03

Austin Industrial Market Report Quarter 3, 2011

Logo

Grubb & Ellis’ 3rd Quarter 2011 Industrial Market Report reveals some interesting trends.  Since vacancy peaked in the Second Quarter of 2010 @ +17%, the market has consistently reduced its vacancy rate to the 13.1% it currently totals.  That’s 5 consecutive quarters with positive net absorption.    This past quarter showed office absorption that totaled …

Continue reading »

Permanent link to this article: http://atxre.com/austin-industrial-market-report-quarter-3-2011/

Aug 15

Austin MultiFamily Market Rental Rate at All Time High

Q2, 2011 Austin MultiFamily Market Data from Industrial Trends Report – Second Quarter 2011 Austin, TX, Grubb & Ellis Absorption in the Second Quarter was 1/2 of Quarter 1 Absorption 171 New Units Added and 689 Units under construction Occupancy increased to 94.7% overall.  Class A at 94.7%, 95.9% for Class B, and 94% for …

Continue reading »

Permanent link to this article: http://atxre.com/austin-multifamily-market-rental-rate-at-all-time-high/

Aug 15

Austin Industrial Market Continues Positive Momentum

Q2, 2011 Austin Industrial Market Data from Industrial Trends Report – Second Quarter 2011 Austin, TX, Grubb & Ellis 208,374 square feet of net absorption from Q1 to Q2. Four consecutive quarters of demand has equated to a 1.5% reduction in overall vacancy Warehouse / Distribution vacancy down to 14.7% R&D / Flex vacancy down …

Continue reading »

Permanent link to this article: http://atxre.com/austin-industrial-market-continues-positive-momentum/

Aug 12

Austin Office Market Continues Steady Improvement

Quarter 2, 2011 Austin Office Data from Office Trends Report – Second Quarter 2011 Austin, TX, Grubb & Ellis  114,976 square feet of positive absorption from Q1 to Q2 2011. Vacancy Rate declining 30 basis points from Q1 to 17.7%. 8th consecutive quarter in a recovery cycle. YTD absorption totals 415,270 square feet. 2011 is …

Continue reading »

Permanent link to this article: http://atxre.com/austin-office-market-continues-steady-improvement/

May 26

Austin, Texas, CBRE Quarter 1, 2011 Commercial Market Reports

OFFICE 1Q 2011 Snapshot DOWNLOAD REPORT 1Q 2011 Market View DOWNLOAD REPORT Spring 2011 Outlook DOWNLOAD REPORT INDUSTRIAL 1Q 2011 Market View DOWNLOAD REPORT Spring 2011 Outlook DOWNLOAD REPORT RETAIL Spring 2011 Outlook DOWNLOAD REPORT  

Permanent link to this article: http://atxre.com/austin-texas-cbre-quarter-1-2011-commercial-market-reports/

Apr 21

2011 Marcus & Millichap Commercial Real Estate Reports

Marcus & Millichap, a National Commercial Real Estate Investment Firm provides some great information regarding the National and localized Real Estate outlook for 2011.  Particular sectors include Office, Retail, and Apartments.  See below for the links and the details. A Special Report, 2011 Real Estate Investment Outlook Investor Confidence Surges Low interest rates, improving fundamentals …

Continue reading »

Permanent link to this article: http://atxre.com/2011-marcus-millichap-commercial-real-estate-reports/