CBRE released its first quarter 2018 Texas industrial MarketView. Statewide, the 90-day net absorption increased by almost 2 million square feet. This was due largely to Houston's absorption growth of 2.5 million square feet. Occupied growth in inventory combined with robust leasing activity pushed down Texas industrial vacancy to 5.9%, down from 6.3% in fourth quarter 2017 and 6.2% a year ago. Dallas/Fort Worth leads in new construction starts but with a smaller margin compared to previous quarters.—Lisa Brown
BY THE NUMBERS
AUSTIN, TX—The Austin office market vacancy rate stands at 8.6% midway through the second quarter, with year-to-date net absorption at 384,000 square feet and deliveries at 1 million square feet, according to NAI Partners Austin office monthly market snapshot for May 2018.
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