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Austin Market Reports

Austin Office Market

Average Asking Rent (Price/SF) $33.65
Vacancy Rate (%) 10.6%
Net Absorption (SF) -127,749

Austin's combination of economy, population growth, and education have long made it a market of choice for office occupiers within Texas. Austin's unemployment figure dropped below 3.0% during the quarter, which puts the city in the top 5 in the United States.

Austin Industrial Market

Average Asking Rent (Price/SF) $10.67
Vacancy Rate (%) 8.2%
Net Absorption (SF) -370,711

The Austin industrial market continued a challenging 2017 as market-wide vacancy rates rose above the five-year average of 7.1% to 8.2%. An additional 17 buildings and nearly 1.0 million square feet of new deliveries took place in the past 90 days, bringing the year-to-date total of new deliveries within the market to greater than 2.5 million square feet. As more of this new development arrives to market, Austin's industrial market faces the risk of increasing vacancy rates unless significant pre-leasing occurs.



Austin Office Market Report
3Q17
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Austin Industrial Market Report
3Q17
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