Austin industrial market report
Q2 2024
Austin's industrial sector is highlighted by positive absorption of 881,454 sf and further evidenced by the sustained momentum in leasing activity, with a total of 2.5 million square feet (msf) of inked deals, and a thriving construction pipeline. Cedar Park, East, and Southeast have emerged as standout performers, experiencing substantial construction activity, solidifying their position as key focal points within Austin's industrial landscape.
29.8%
Leasing activity remains active
Leasing activity has increased 29.8% quarter-over-quarter and continues to outpace pre-pandemic levels. This is due in part to large occupiers executing leases as well as a thriving tenant environment with persistent demand.
8.1 msf
Cedar Park, East, and Southeast emerge as top submarkets
Cedar Park, East, and Southeast Austin have emerged as the top-performing submarkets in terms of construction activity since the start of the year, with 8.1 msf of product under construction.
2.5 msf
Leasing volume remains strong
The leasing volume reached 2.5 million square feet for the second quarter, with significant deals involving Four Hands and Strategic Thermal Strategies totaling 630,489 sf.
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