In his mid-year Austin Area Office Market Survey, Heimsath,founder and president of Capitol Market Research Inc., pegs theoverall office occupancy rate at 84.9% at the end of June, off from95% in December. The 85% includes the occupancy from direct leasesand subleases. By itself, the direct lease occupancy is 92.4%, downfrom 95.5% in December.
Heimsath's is one of several reports that will assess the Austinreal estate market at mid-2001. NAI/Commercial IndustrialProperties is due to release its report soon and Angelou EconomicAdvisors will issue a revised forecast July 25.
The short-term forecast doesn't require a crystal ball oralgorithms. All one has to do is count the number of companies thathave gone out of business or cut jobs and look at the number ofbuildings under construction nearing delivery.
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