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Air Traffic Backslide Holds Back SE Submarket

AUSTIN-Industrial properties in and around the Austin-Bergstrom International Airport are still feeling the heat from a significant drop in air traffic, particularly international air cargo. The submarket's vacancy is 20%, Austin's second highest.

By Tim Green | Updated on September 20, 2002

AUSTIN-Traffic at Austin-Bergstrom International Airport isn’t providing much incentive for traffic at industrial properties in the southeast submarket around the airport. Cargo and passenger traffic continued to drop in August, indicating that the Austin economy has yet to find its legs.

The southeast industrial submarket has the second highest vacancy rate, 20%, in the city. For the year, there’s been negative absorption of 299,463 sf of industrial space in that submarket.

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