Austin

Q1 2017 | Austin Industrial | Market Report

Austin’s industrial market took a big hit during Q1 2017, posting 622,956 SF of negative net absorption. This is the largest loss since Q1 of 2014, when the negative net absorption hit 771,075 SF. The rapid increase in rental rates seen in the past three years has slowed and vacancy rates are rising.

Most of this negative absorption can be attributted to tenants movnig out of large blocks of space, including UTI Worldwide moving out of 140,000 SF at Springbrook Corporate Center – Building 7.

Q1 2017 Highlights


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Job Growth & Unemployment (Not Seasonally Adjusted)

UNEMPLOYMENT 11/15 11/16
Austin 3.0% 3.2%
Texas 4.4% 4.2%
U.S. 4.8% 4.4%
JOB
GROWTH
ANNUAL CHANGE # OF JOBS ADDED
Austin 2.0% 19.5K
Texas 1.8% 212.6K
U.S. 1.6% 2.3M

Texas