Austin

Q3 2017 | Austin Industrial | Market Report

Austin’s industrial market took another hit to it’s net absorption in Q3 2017, posting 261,906 SF of negative net absorption. There were a few sizeable tenants that moved out of large blocks of space in the third quarter of 2017, including Pearson Inc moving out of 135,442 SF at Tech Ridge Five (905 Howard Lane) in the Northeast Submarket.

Looking forward, there are at least 12 small blocks of space being filled by tenants, in Q4 2017. There is also over half a million square feet of new product set to deliver in Q4 2017, with nothing set to deliver in Q1 of 2018.

Q3 2017 Highlights


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Job Growth & Unemployment (Not Seasonally Adjusted)

UNEMPLOYMENT 8/16 8/17
Austin 3.4% 3.4%
Texas 4.9% 4.5%
U.S. 5.0% 4.5%
JOB
GROWTH
ANNUAL CHANGE # OF JOBS ADDED
Austin 2.1% 21.1K
Texas 2.4% 268K
U.S. 1.5% 2.1M

Texas