Austin Industrial Figures - Q1 2026

The Austin industrial market continued to recalibrate in Q1 2026 as new supply pushed vacancy by a nominal amount while demand fundamentals remained intact. Vacancy increased for the fifth consecutive quarter, rising 20 basis points quarter‑over‑quarter, driven by ongoing deliveries. Despite this, net absorption remained positive for the 47th consecutive quarter, totaling 385,000 sq. ft. Seven buildings delivered during the quarter, adding 360,000 sq. ft. of new supply, while the development pipeline remained elevated at 6.1 million sq. ft., supported by 2.0 million sq. ft. of construction starts. Leasing activity accelerated to 3.2 million sq. ft., the highest quarterly total since Q2 2023, though NNN/YR asking rents declined $0.19 per sq. ft. quarter‑over‑quarter, reflecting increased tenant leverage amid higher availability.