Austin industrial real estate market reports

Q3 2021 

Austin industrial construction activity has reached all-time highs at 20 msf as owners work to keep up with demand. Georgetown and Hays County lead the Austin market for total leased space under construction.
81.2 msf


Austin continues to expand its industrial presence in Texas.  Inventory has grown by 9 million square feet since the end of 2021 and almost 20 million developed since the end of 2018.
1.0 msf

Net absorption

Net absorption reached 1.0 msf in Q3 2022, the sixth consecutive quarter of 1.0+ msf of net absorption for the Austin market.

Direct asking rent

Asking rental rates have consistently risen each quarter, growing by over 10% since Q4 and 23% since the end of 2020.
2.5 msf

Leasing activity

This trend is expected to continue as leasing activity reached almost 2.5 msf in Q3 2022, its highest point since Q2 2021 – and driven by the robust construction pipeline. 


From a range of 6.5%-8.0% in 2018 to 2020, vacancy has come down dramatically. During 2021 vacancy hovered around at an extremely tight sub-4.0%. As of Q3 vacancy rose slightly to a still tight 4.2%. Currently under construction comprise two-thirds of industrial availability.
1.3 msf

Investment sales

Industrial sales have totaled 1.3 million square feet in 2022, a lower velocity from its very active 2021 pace.
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