As existing businesses in Austin continue to grow and expand and new businesses move into the Austin metro area Industrial and warehouse properties continue to have shrinking inventories. Over 2 million square feet of industrial space was leased in 2012. This kind of absorption hasn’t occurred since 2000. In Austin most of the industrial and warehouse space is typically found in South, Southeast, and Northeast submarkets, however Round Rock, North Austin, and Northwest Austin has some space as well. Below is the latest vacancy for the Austin area. If you are a business owner or company now is the time to plan and decide on your current and future space needs so that you can lock in expansion options.
Industrial Vacancies
End of 2011 – 17.8%
End of 2012 – 12.9%
Warehouse Vacancies
End of 2011 – 18%
End of 2012 – 11.4%
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