AUSTIN–The local industrial market saw the highest level of year-to-date negative net absorption since 2009, but at the same time the city saw the largest rental rate increase since 2011, according to the latest MarketView report from CBRE.

“Two straight quarters of negative absorption might lead you to believe the Austin industrial market is headed in the wrong direction,” Ace Schlameus, first vice president for CBRE, tells “However, the numerous positive trends are overshadowed by a few large departures. For example, Dell, one of the largest employers in the private sector, vacated its largest Austin-based manufacturing facility of approximately 300,000 square feet on Howard Lane, which I consider net zero absorption for the market year-to-date.”

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