Figures

Austin Industrial Figures - Q1 2025

April 9, 2025 5 Minute Read

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  • 2025 begins with 2.9 million sq. ft. of delivered construction in Q1, the largest Q1 delivery of new inventory on record for the Austin industrial market.
  • Positive net absorption of 530,092 sq. ft. registers Q1 as the second lowest absorption quarter in the last three years, and a 77% decrease year-over-year.
  • A combination of construction delivering vacant and low quarterly absorption brings vacancy rates up 3% quarter-over-quarter market-wide.
  • 7.1 million sq. ft. of product remains under construction as nearly 500,000 sq. ft. broke ground in the first quarter.
  • NNN/YR lease rates remain relatively unchanged by current market conditions, dropping only one cent quarter-over quarter.