Q1 2019 Austin Industrial Market Report

Historically high asking rates

Asking rates for Industrial property rent are at a historical high according to CBRE’s first quarter Austin market report. $10.79 per square foot per year is the new high water mark driven mostly by Class A Flex space. In addition:

  • Absorption totaled 470,000 square feet
  • Vacancy increased to 10.6% (primarily due to the delivery of 1.3 million square feet of new lease space
  • 13 additional projects are under construction with more than 1.1 million square feet in Southeast Austin and Hays County
  • The far Northeast submarket had the largest absorption of lease space at 141,113 square feet

CBRE Austin Industrial, Q1 2019

Permanent link to this article: https://atxre.com/q1-2019-austin-industrial-market-report/

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.