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 …