• Absorption activity was strong this past quarter with positive net absorption of exceeding 82,000 sq. ft. mainly in warehouse/distribution, registering past 107,000 sq. ft.

  • At the close of the quarter, industrial developers continued their expansion of the industrial market in Austin by delivering an additional 124,476 sq. ft. of new product.

  • Market fundamentals improved during Q2 2018 as vacancy again dipped below 10%, the "sweet spot" for Austin developers.  The citywide average annual asking rent increased over Q1 2018 to $9.89 per sq. ft., an increase of $0.02 per sq. ft., largely driven by flex/R&D product.

  • CBRE Research is currently tracking more than 1.8 million sq. ft. of user demand in the Austin market for both Flex/R&D and Warehouse/Distribution product