Figures
Austin Industrial Figures - Q4 2024
January 10, 2025 5 Minute Read
Looking for a PDF of this content?
- Positive absorption reached 2.5 million sq. ft. this quarter, and 6.7 million sq. ft. annually, a record high for the Austin market and a year-over-year increase of 82.7%. Major absorption drivers include Four Hands and Simwon, occupying 570,489 and 218,400 sq. ft. respectively.
- 3.2 million sq. ft. of construction delivered market-wide this quarter, bringing annual deliveries to 10.1 million sq. ft., a 34.7% increase year-over-year and the most of all time. As deliveries jumped to new heights YTD, under construction sq. ft. dipped below 10 million for the first time in more than two years.
- Market-wide vacancy dipped to 12.4%, representing a quarter-over-quarter decrease of 505 bps, and a year-over-year increase of 1470 bps as new product delivering vacant continues to push vacancy.