Q4 2018 Austin Industrial Market

Q4 2018 Austin Industrial Market

The fourth quarter of 2018 ended on a high note for the Austin area Industrial market. Annual market absorption was 1.7 million + square feet and vacancy fell to 9.4%. Similar absorption levels have not been seen since 2012. Over 2 million square feet remains under construction with the fourth quarter delivery of new buildings totaling 222,800 SF. Net absorption exceeded 800,000 SF and the average annual asking rate is up to an average of $10.53/SF. Click here for CBRE Q4 2018 Austin Industrial Market Report.