• Annual market absorption crested 1.7 million sq. ft. of positive demand, while market vacancy fell to 9.4%, despite the delivery of more than 1.7 million sq. ft. of new product to the market throughout 2018.

  • Development activity in Q4 2018 was rather muted compared to past quarters, with only one building delivering in the market: a 222,800 sq. ft. warehouse center in Hays County. 

  • However, total development activity in 2018 proved to be enormous, with more than 1.75 million sq. ft. of new product coming online throughout the year.

  • 2018 proved to be a burly year for the Austin market. In addition to high absorption levels, vacancy remained below the 10.0% “sweet spot” developers prefer and average annual asking rates hit $10.53 per sq. ft.