Austin Office Market
| Average Asking Rent (Price/SF) | $39.51 |
| Vacancy Rate (%) | 17.8% |
| Net Absorption (SF) | 187,115 |
As the second quarter closed, Austin saw an office market that showed strong metrics overall. With the vaccine becoming more widespread, the economy and office market overall in Austin have begun to rebound more rapidly than other major Texas markets. As demand drivers such as job growth, company relocations and expansions, and a business friendly environment continue to persist, Austin’s office market will continue to rebound to a position of strength in H2 2021 and into 2022.
Download Austin Office Market Report 2Q21Austin Industrial Market
| Average Asking Rent (Price/SF) | $11.38 |
| Vacancy Rate (%) | 6.1% |
| Net Absorption (SF) | 1,567,465 |
Austin’s industrial sector continued to build off a strong start to 2021, as the market reaches to meet the needs of the growing workforce, population and commercial tenants. The high level of continued interest in the region, burgeoning population and increasing development allow the market to be well poised to meet consumer demands, especially in the distribution and cold storage sectors as rooftops continue to expand in the region and allows the Austin industrial market to see 2021 as a year of positive metrics in the market.
Download Austin Industrial Market Report 2Q21 Download 3Q20 Austin Multifamily Market Update 3Q20