Aug 15

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Austin Industrial Market Continues Positive Momentum

Q2, 2011 Austin Industrial Market

Data from Industrial Trends Report ā€“ 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 to 19.9%
  • Asking rent has stabilized to an average of $7.03/square feet annual or $.59/square foot a month
  • Looking ahead, strong rental growth will continue to be stymied until concessions and elevated vacancies are absorbed.
  • Likely to remain a tenant’s market for next 1-2 years

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