AUSTIN—For the smaller two of Texas' four largest markets, thetrends in office, industrial and retail are mostly upward. That is,upward except in the case of vacancies, which generally showyear-over-year declines for Austin and San Antonio.
The exception to the rule, at least on a Y-O-Y basis, is Austinindustrial vacancy. It finished the second quarter at 12.5%, whichis higher than the previous quarter but still lower than a yearago, when it was 13.3%. The vacancy rate for Austin has bouncedbetween 11.8% and 12.3% since then, according toXceligent data.
Q2 saw positive absorption in the Austin SMSA's industrial. At54,539 square feet out of a market of approximately 47.9 millionsquare feet, that may not be much, but it is at least positivefollowing a Q1 that ended in the negative column.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
