Austin’s industrial market took another hit to it’s net absorption in Q2 2017, posting 226,896 SF of negative net absorption. There were a handful of large block tenants who moved out that contributed to the negative net absorption. Though the absorption fell and vacancy increased, the rental rates throughout the market are still finding a way to increase.
Looking forward, there are at least 20 smaller blocks of space being filled by tenants, in Q3 2017. There is also over half a million square feet of new product set to deliver in Q3 2017 with another half a million set to deliver in Q4.
Q2 2017 Highlights
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