Q2 2014 Austin Office Market Research Report

www.colliers.com/Austin

Q2 2014 | OFFICE MARKET

AUSTIN OFFICEMARKET INDICATORS

Q2 2013 Q2 2014

CITYWIDE NET

ABSORPTION (SF) 352K 171K

CITYWIDE AVERAGE

VACANCY 11.6% 10.7%

CITYWIDE AVERAGE

RENTAL RATE $26.53 $27.77

CITYWIDE

DELIVERED

INVENTORY (SF) 148K 188K

CLASS A RENTAL

RATE

CBD $40.94 $39.76

SUBURBAN $29.39 $30.71

CLASS A VACANCY

CBD 16.0% 16.0%

SUBURBAN 11.4% 10.5%

RESEARCH & FORECAST REPORTAUSTIN OFFICE MARKET

Austin’s office market construction pipeline increases to2.4M SFAustin’s strong economy continues to spur office development with over 2.4M SF currently under construction. Over 188,000 SF of new inventory delivered during Q2, bringing 2014 year-to-date delivered inventory to 587,657 SF. Seven buildings totaling 199,286 SF delivered in Q2, with the most notable delivery being Seaholm Power Plant Building (117,000 SF) which is now 97.0% leased to Athena Healthcare. Other notable deals for Q2 are Dropbox (55,000 SF) at 501 Congress Ave., Whole Foods (40,000 SF) at 311 Bowie and Wework (34,000 SF) at One American Center.

Austin’s office market posted 85,623 SF of positive net absorption in Q2 2014, pushing year-to-date 2014 net absorption to positive 375,246 SF.

The citywide average rental rate increased 0.9% from $28.33 per SF to $28.59 per SF over the quarter and 4.7% from $26.53 per SF to $27.77 per SF over the year. The average CBD rental rate decreased slightly to $40.94, while the average suburban rental rate increased to $30.71.

According to local economists, 2014 job growth will remain strong with 68,000 to 72,000 new jobs forecasted for the year. Austin’s unemployment rate fell to 4.1% from 4.6% over the year. Austin area home sales rose 11.0% between May 2013 and May 2014, a sign that the area’s economy is growing.

Economy looks to remain strong in 2014 driven by employment growth in the tech and hospitality sectors.

ABSORPTION, NEW SUPPLY & VACANCY RATES

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

-1,000,000

-800,000

-600,000

-400,000

-200,000

0

200,000

400,000

600,000

800,000

1,000,000

Net Absorption New Supply Vacancy

UNEMPLOYMENT 5/13 5/14

AUSTIN 4.6% 4.1%

TEXAS 6.3% 5.1%

U.S. 7.3% 6.1%

JOB GROWTHANNUAL CHANGE

# OF JOBS ADDED

AUSTIN 3.6% 31K

TEXAS 3.4% 375.3K

U.S. 1.8% 2.4M

JOB GROWTH & UNEMPLOYMENT(Not Seasonally Adjusted)

RESEARCH & FORECAST REPORT | Q2 2014 | AUSTIN OFFICE MARKET

2

Q2-11

Q3-11

Q4-11

Q1-12

Q2-12

Q3-12

Q4-12

Q1-13

Q2-13

Q3-13

Q4-13

Q1-14

Q2-14

$26.00

$28.00

$30.00

$32.00

$34.00

$36.00

$38.00

$40.00

Class A Office Rents

CBD Rents Suburban Rents

Q2-11

Q3-11

Q4-11

Q1-12

Q2-12

Q3-12

Q4-12

Q1-13

Q2-13

Q3-13

Q4-13

Q1-14

Q2-14

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

20.0%

CBD VS. Suburban Class A Office Vacancy

CBD Vacancy Suburban Vacancy

QUOTED GROSS RENTAL RATES FOR EXISTING TOP PERFORMING OFFICE BUILDINGS

BUILDING NAME ADDRESS SUBMARKET RBA (SF)YEAR BUILT

%LEASED

AVAIL. SF

RENT ($/SF)

OWNER

Frost Bank Tower 401 Congress Ave. CBD 535,078

2003 93.7% 48,802 $50.97 Parkway Properties, Inc.

One American Center

600 Congress Ave. CBD 519,109


300 West Sixth 300 W. 6th Street CBD 454,000


UFCU Plaza 8303 N. MoPac Expy Central 246,869

1987 90.0% 27,187 $31.43 University Federal Credit Union

University Park 3300 N. Interstate 35

Central 206,657

2009 58.1% 86,524 $35.45 Spear Street Capital GP LLC

7700 Parmer Lane – Building B

7700 Parmer Lane Far Northwest 350,000

1999 19,7% 281,000 $29.95 Spear Street Capital GP LLC

7700 Parmer Lane – Building C

7700 Parner Lane Far Northwest 282,000

1999 82.3% 98,000 $29.95 Spear Street Capital GP LLC

Research Park Plaza – Building IV

12301 Research Blvd

Northwest 184,159

2001 98.4% 99,789 $35.00 Union Investment Real Estate GmbH

Prominent Pointe I

8310 N. Capital of Texas Hwy

Northwest 151,092

1986 88.6% 20,012 $36.84 DivcoWest

Two Barton Skyway

1601 S. MoPac Expy South 195,639

2000 83.9% 40,399 $37.62 DRA Advisors, LLC

Note: Avail. SF includes direct and sublet space as well as any future available space listed. Source: CoStar Property

COLLIERS INTERNATIONAL | P.

VACANCY & AVAILABILITY

Austin’s citywide vacancy rate decreased from 10.8% to 10.7% between quarters, and dropped by 90 basis points annually from 11.6% in Q2 2013. Between quarters, the average suburban vacancy rate remained at 10.6%, while the average CBD vacancy rate decreased 70 basis points from 12.0% to 11.3%.

The average CBD Class A vacancy rate decreased 140 basis points between quarters from 17.4% to 16.0%, and the average CBD Class B vacancy rate decreased 20 basis points from 5.0% to 4.8%. The average suburban Class A vacancy rate decreased 210 basis points from 10.1% to 9.8% between quarters, and the average suburban Class B vacancy rate fell 310 basis points from 14.7% to 11.6% between quarters. Absorption could have been stronger, but Apple relocated from Riata Park Court to their campus, freeing up approximately 90,000 SF in Riata Corporate Park Building 4.

Of the 1,161 existing office buildings in our survey, 4 have 100,000 SF of contiguous space available for lease or sublease. Further, only 3 have 200,000 SF of contiguous space available. Citywide, available sublease space totals 576,226 SF or 9.7% of Austin’s total office inventory.

ABSORPTION & DEMAND

Austin’s office market posted 85,600 SF of positive net absorption in Q2

2014.

The Northwest Class A submarket posted the largest gain, with 133,215 SF of positive net absorption, followed by the CBD submarket, posting 78,105 SF of positive net absorption and the Central submarket, which posted 21,481 SF of positive net absorption.

Some of the larger tenants that moved into new space during Q2 include: SolarWinds (229,792 SF) moved into The Summit at Latana Building 4 in the Southwest submarket; C3 Presents (29,947 SF) moved into 300 West Sixth Street, located in the CBD submarket; and Loan Science (28,920 SF) moved into Burnet Gateway II in the North submarket.

RENTAL RATES

The citywide average rental rate increased slightly from $27.68 per SF to $27.77 per SF over the quarter and increased 4.6% from $26.53 per SF to $27.77 per SF over the year. Average citywide Class A rents increased from $39.76 to $40.94 and Class B rents decreased from $30.71 to $29.39 over the quarter.

The Class A average rental rate in the CBD decreased 1.0% from $40.37 per SF to $39.76 per SF between quarters, while the suburban Class A average rental rate increased 1.0% from $30.37 per SF to $30.71 per SF. The average Class B rental rate in the CBD rose 1.1%, while the average suburban Class B rental rate increased 1.0% between quarters.


3COLLIERS INTERNATIONAL | P.

SALES ACTIVITY

Austin’s office investment sales activity included 13 sales transactions with a total sales volume of approximately $162.5 million, averaging $297 per SF. Listed below are a few significant transactions that closed in Q2 2014.

LEASING ACTIVITY

Austin’s office leasing activity reached 1.2 million SF in Q2 2014 with transactions including renewals, expansions, subleases, and pre-leases in buildings currently under construction.

1Renewal 2Expansion/Extension3Sublease4Pre-lease/proposed or under construction

Data Source: CoStar Property

BUILDING NAME/ADDRESS SUBMARKET SF TENANT LEASE DATE

MetCenter Business Park - Bldg 10 Southeast 224,979 Pharmaceutical Product Development1 J un-14

Encino Trace Southeast 120,000 ARM Holdings PLC May-14

Seaholm Power Plant Building CBD 117,000 Athena Health, Inc. Apr-14

Colorado Tower CBD 73,843 Parsley Energy Apr-14

Prominent Pointe II Northwest 62,752 Ixia2 May-14

Lavaca Plaza CBD 59,149 University of Texas May-14

501 Congress CBD 55,000 Dropbox Apr-14

311 Bowie CBD 40,000 Whole Foods J un-14

One American Center CBD 34,000 Wework May-14

Colorado Tower CBD 24,141Atlassian Apr-14

CityView Center Southwest 15,927 Cross Texas Transmission, LLC May-14

Waterford Centre North 12,050 TeleNetwork Partners J un-14

Q2 2014 TOP OFFICE LEASE TRANSACTIONS

BUILDING NAME SUBMARKET SF YEAR BUILT BUYER SELLERSALES

PRICE$/SF CLOSED

The Avallon Northwest 318,217 1992/2011 DivcoWest Properties Highbrook Investment Mgmt $63.5M $200 J an-14

Park at Aspen Lake Far Northwest 204,698 2008 Fortis Property Group Crimson Real Estate Fund LP $38.8M $190 J an-14

Tower of the Hills Far Northwest 169,886 1986 Fortis Property Group Crimson Real Estate Fund LP $32.2M $190 J an-14

Overwatch Campus Southwest 164,700 2006 Drawbridge Realty Trust CBRE $42.5M $258 May-14

Las Cimas IV Southwest 138,008 2008 Gateway Sherman Inc. KBS REIT III 43.2M $313 Feb-14

Mira Vista Southwest 125,000 2001 Clarion Partners Lionstone Group - - May-14

Four Points Centre Far Northwest 119,305 2007 DRA Advisors Brandywine Realty Trust $41.5M $348 Apr-14

Plaza on the Lake Southwest 118,745 1985 Clarion Partners Granite Properties - - J ul-14

Q2 2014 SIGNIFICANT SALES TRANSACTIONS - (100,000 SF OR GREATER)


AUSTIN OFFICE MARKET SUMMARY (CBD, SUBURBAN & OVERALL)

AUSTIN SUBURBAN OFFICE MARKET SUMMARY

COLLIERS INTERNATIONAL | P. 4

VACANCY

RENTAL

RATE

CLASS# OF

BLDGSTOTAL (SF) (SF) RATE (%) (SF) RATE (%)

TOTAL

(SF)Q2-2014 Q1-2014 Q2-2014 Q1-2014

AVG

($/SF)

CBD

A 20 5,338,588 808,646 15.1% 43,592 0.8% 852,238 16.0% 17.4% 78,105 -55,499 $39.76

B 55 3,041,226 148,535 4.9% 3,495 0.1% 152,030 5.0% 4.8% -5,097 33,080 $33.03

C 28 1,003,716 58,674 5.8% 0 0.0% 58,674 5.8% 6.1% 2,282 1,517 $22.72

Total 103 9,383,530 1,015,855 10.8% 47,087 0.5% 1,062,942 11.3% 12.0% 75,290 -20,902 $36.35

Suburban

A 185 22,451,653 2,023,330 9.0% 335,486 1.5% 2,358,816 10.5% 8.4% -1,821 191,056 $31.95

B 672 25,132,927 2,719,319 10.8% 190,820 0.8% 2,910,139 11.6% 14.7% 63,853 63,563 $19.71

C 200 6,231,566 418,215 6.7% 2,833 0.7% 421,048 6.8% 12.5% -51,699 55,906 $15.68

Total 1057 53,816,146 5,160,864 9.6% 529,139 1.0% 5,690,003 10.6% 11.9% 10,333 310,525 $24.58

Overall

A 205 27,790,241 2,831,976 10.2% 379,078 1.4% 3,211,054 11.6% 9.2% 76,284 135,557 $34.09

B 727 28,174,153 2,867,854 10.2% 194,315 0.7% 3,062,169 10.9% 14.5% 58,756 96,643 $20.39

C 228 7,235,282 476,889 6.6% 2,833 0.0% 479,722 6.6% 15.4% -49,417 57,423 $16.14

Total 1160 63,199,676 6,176,719 9.8% 576,226 0.9% 6,752,945 10.7% 11.9% 85,623 289,623 $26.52

INVENTORY DIRECT VACANCY SUBLEASE VACANCY VACANCY RATE (%) NET ABSORPTION (SF)

VACANCY

RENTAL

RATE

CLASS# OF


TOTAL

(SF)Q2-2014 Q1-2014 Q2-2014 Q1-2014

AVG

($/SF)

Bastrop County

A 1 35,000 4,000 11.4% 0 0.0% 4,000 11.4% 11.4% 0 0 $29.64

B 5 73,163 4,000 5.5% 0 0.0% 4,000 5.5% 5.5% 0 0 $3.84

C 1 12,740 0 0.0% 0 0.0% 0 0.0% 0.0% 0 0 $16.00

Total 7 120,903 8,000 6.6% 0 0.0% 8,000 6.6% 11.2% 0 0 $29.00

Cedar Park

A 2 232,274 19,627 8.4% 0 0.0% 19,627 8.4% 8.4% 0 0$22.95

B 18 461,013 23,287 5.1% 4,627 1.0% 27,914 6.1% 4.8% -5,572 5,140 $22.56

C 2 30,601 0 0.0% 0 0.0% 0 0.0% 0.0% 0 0-

Total 22 723,888 42,914 5.9% 4627 0.6% 47,541 6.6% 8.5% -5,572 0 $10.98

Central

A 3 474,288 141,460 29.8% 0 0.0% 141,460 29.8% 34.4% 21,481 33,355 $31.64

B 46 2,183,448 255,427 11.7% 22,314 1.0% 277,741 12.7% 11.5% -26,887 25,566 $21.76

C 42 1,386,635 72,986 5.3% 0 0.0% 72,986 5.3% 4.9% -5,642 -123 $16.86

Total 91 4,044,371 469,873 11.6% 22,314 0.6% 492,187 12.2% 6.4% -11,048 58,798 $24.29

East

A 2 104,821 0 0.0% 0 0.0% 0 0.0% 0.0% 0 30,451 -

B 25 1,151,892 296,361 25.7% 0 0.0% 296,361 25.7% 26.4% 8,234 -1,139 $19.69

C 11 236,678 61,500 26.0% 0 0.0% 61,500 26.0% 26.0% 0 0 $20.28

Total 38 1,493,391 357,861 24.0% 0 0.0% 357,861 24.0% 8.9% 8,234 29,312 $22.47

Far Northeast

B 4 77,268 2,625 3.4% 0 0.0% 2,625 3.4% 2.6% -589 3,200 22,58

C 3 147,843 4,208 2.8% 0 0.0% 4,208 2.8% 2.8% 0 0 14,05

Total 7 225,111 6,833 3.0% 0 0.0% 6,833 3.0% 14.5% -589 3,200 $24.60



5

AUSTIN SUBURBAN OFFICE MARKET SUMMARY - CONTINUED

COLLIERS INTERNATIONAL | P.

VACANCY

RENTAL

RATE

CLASS# OF


TOTAL

(SF)Q2-2014 Q1-2014 Q2-2014 Q1-2014

AVG

($/SF)

Far Northwest

A 16 2,367,266 448,166 18.9% 4,004 0.2% 452,170 19.1% 18.9% -4,004 -172,617 $26.99

B 30 1,294,740 47,841 3.7% 1,600 0.1% 49,441 3.8% 4.6% 10,544 391 $19.45

C 5 91,076 6,550 7.2% 0 0.0% 6,550 7.2% 7.2% 0 -199 $21.32

Total 51 3,753,082 502,557 13.4% 5,604 0.1% 508,161 13.5% 15.6% 6,540 -172,425 $16.44

Georgetown

B 11 543,367 800 0.1% 0 0.0% 800 0.1% 1.0% 4,500 0 $15.86

C 6 97,188 0 0.0% 0 0.0% 0 0.0% 0.0% 0 0 $18.87

Total 17 640,555 800 0.1% 0 0.0% 800 0.1% 10.1% 4,500 0 $29.95

Hays County

B 18 419,935 44,953 10.7% 0 0.0% 44,953 10.7% 12.8% 8,808 -4,269 $17.53

C 10 156,584 6,365 4.1% 0 0.0% 6,365 4.1% 4.1% 0 0 $16.83

Total 28 576,519 51,318 8.9% 0 0.0% 51,318 8.9% 11.1% 8,808 -4,269 $18.50

North

A 9 1,103,823 65,859 6.0% 45,756 4.1% 111,615 10.1% 9.8% -3,374 9,020 $28.46

B 49 3,070,759 274,534 8.9% 20,041 0.7% 294,575 9.6% 11.0% 41,895 -9,168 $21.95

C 12 304,968 59,483 19.5% 0 0.0% 59,483 19.5% 8.6% -33,152 25,445 $15.73

Total 70 4,479,550 399,876 8.9% 65,797 1.5% 465,673 10.4% 21.4% 5,369 25,297 $14.80

Northeast

A 4 503,753 23,577 4.7% 0 0.0% 23,577 4.7% 5.1% 1,869 -10,970 $20.54

B 33 1,731,662 284,987 16.5% 0 0.0% 284,987 16.5% 16.4% -582 1,488 $17.89

C 25 826,025 141,020 17.1% 0 0.0% 141,020 17.1% 15.1% -16,318 24,430 $12.84

Total 62 3,061,440 449,584 14.7% 0 0.0% 449,584 14.7% 5.5% -15,031 14,948 $26.81

Northwest

A 79 7,897,476 710,124 9.0% 57,661 0.7% 767,785 9.7% 11.4% 133,215 244,694 $31.43

B 150 5,466,445 491,508 9.0% 108,255 2.0% 599,763 11.0% 11.1% 5,673 -11,211 $24.49

C 16 1,324,085 8,700 0.7% 0 0.0% 8,700 0.7% 0.5% -1,516 1,356 $21.24

Total 245 14,688,006 1,210,332 8.2% 165,916 1.1% 608,463 4.1% 6.9% 137,372 6,272 $19.71

Round Rock

A 10 2,045,595 1,905 0.1% 1,905 0.1% 3,810 0.2% 0.1% -1,905 2,121 $25.58

B 36 960,370 114,422 11.9% 1,812 0.2% 116,234 12.1% 11.9% -1,806 6,330 $19.96

C 10 267,662 6,615 2.5% 0 0.0% 6,615 2.5% 2.5% 0 0 $16.40

Total 56 3,273,627 122,942 3.8% 3,717 0.1% 126,659 3.9% 21.9% -3,711 -20,114 $18.98

South

A 21 2,744,319 188,256 6.9% 112,855 4.1% 301,111 11.0% 9.6% -38,265 56,896 $33.68

B 43 1,546,686 66,298 4.3% 1,524 0.1% 67,822 4.4% 4.2% -2,157 9,466 $24.26

C 21 606,402 15,507 2.6% 2,833 0.5% 18,340 3.0% 2.8% -1,571 2,883 $21.62

Total 85 4,897,407 270,061 5.5% 117,212 2.4% 387,273 7.9% 17.1% -41,993 69,245 $23.83

Southeast

B 22 1,775,570 559,178 31.5% 0 0.0% 559,178 31.5% 31.8% 4,929 -10,524 $22.76

C 9 280,146 25,737 9.2% 0 0.0% 25,737 9.2% 10.0% 2,147 0 $15.47

Total 31 2,055,716 584,915 28.5% 0 0.0% 584,915 28.5% 20.7% 7,076 -10,524 $16.59

Southwest

A 35 4,474,035 401,554 9.0% 86,150 1.9% 487,704 10.9% 8.8% -92,569 -18,389 $31.03

B 167 4,046,818 232,243 5.7% 29,912 0.7% 262,155 6.5% 6.4% -1,394 49,080 $25.04

C 23 379,437 9,544 2.5% 0 0.0% 9,544 2.5% 2.9% 1,542 2,114 $23.36

Total 225 8,900,290 643,341 7.2% 116,062 1.3% 759,403 8.5% 14.3% -92,421 32,805 $20.67

West Central

A 3 469,003 18,802 4.0% 27,155 5.8% 45,957 9.8% 5.9% -18,269 16,495 $36.75

B 15 329,791 20,855 6.3% 735 0.2% 21,590 6.5% 12.1% 18,257 -787 $30.44

C 4 83,496 0 0.0% 0 0.0% 0 0.0% 3.4% 2,811 0 $21.00

Total 22 882,290 39,657 4.5% 27,890 3.2% 21,590 2.4% 23.3% 2,799 15,708 $16.12




Data Source: CoStar Property

Q2 2014 OFFICE UNDER CONSTRUCTION – 10,000 SF OR GREATER

Q2 2014 OFFICE DELIVERIES – 30,000 SF OR GREATER

SUBMARKET BUILDING ADDRESS RBA

%

LEASED DEVELOPER

ESTIMATED

DELIVERY

DATE

CBD 303 Colorado Street 371,348 49.4% Cousins Sep-14

Southwest 3700 N Capital of Texas Highway 249,870 38.1% HPI Real Estate Services & Investments May-15

North 11501 Alterra Parkway 221,973 0.0% Endeavor Real Estate Group Sep-14

Southwest 320 Capital of Texas Highway 217,490 0.0% Riverside Resources Apr-15

CBD 500 W. 5th Street 195,378 50.3% Endeavor Real Estate Group Sep-14

Southwest 5707 Southwest Parkway 160,935 75.2% Brandywine Realty Trust J un-15

Southwest 5707 Southwest Parkway 160,935 62.7% Brandywine Realty Trust J un-15

Southwest 2500 Bee Caves Road 145,437 0.0% Endeavor Real Estate Group May-15

North 11800 Domain Blvd 143,331 80.0% Endeavor Real Estate Group Sep-14

Northwest 6500 N Capital of Texas Highway 115,000 0.0% Endeavor Real Estate Group Oct-14

Northwest 6500 N Capital of Texas Highway 115,000 0.0% Endeavor Real Estate Group Oct-14

Southwest 2500 Bee Caves Road 69,150 20.5% Endeavor Real Estate Group May-15

CBD 311 Bowie Street 40,985 100.0% Endeavor Real Estate Group Sep-14

Southwest 6838 Bee Caves Road 40,000 100.0% Equitable Commercial Realty Sep-14

Southwest 7710 Rialto Blvd 35,000 77.1% Barton Commercial Sep-14

Southwest 7710 Rialto Blvd 27,637 0.0% Barton Commercial Sep-14

Round Rock 411 W Main Street 26,563 0.0% Unknown May-15

CBD 500 W Cesar Chavez Street 24,000 0.0%

Trammel Crow/The Hanover

Company/Pacific Life Insurance Company

Oct-15

Cedar Park 1785 Whitestone Blvd 16,000 0.0% Unknown Aug-14

Northwest 10815 Ranch Road 2222 15,340 0.0% Equitable Commercial Realty J ul-14

Southwest 5920 William Cannon Drive 14,868 0.0% Equitable Commercial Realty J ul-14

Round Rock 7201 Wyoming Springs Drive 12,000 33.3% Healthcare Real Estate Services J ul-14

Cedar Park El Salido Pky & FM 620 10,500 79.1% Antenora Architects LLP Sep-14

SUBMARKET BUILDING ADDRESS RBA

%

LEASED OWNER DELIVERED

Northwest 5205 Riata Park Ct 88,000 100.00% Spear Street Capital Mar-14

Cedar Park 1401 Medical Pky 86,000 15.40% J J acobs Construction J un-14

Far Northwest 11714 Wilson Parke Ave 44,020 72.70% Kemp Properties May-14

Southwest 6838 Bee Caves Rd 40,000 58.00% Equitable Commercial Property J ul-14

Northwest 6611 River Place Blvd 36,000 93.00% Onair Development Mar-14

Far Northeast 14008 Shadowglen Blvd 36,000 91.10% Arise Capital Investments J ul-14

East 2021 E 5th St 30,451 100.00% Endeavor Real Estate Group J an-14


Accelerating success.

BRITTANY OFIELDResearch and Marketing Coordinator | Houston1233 W. Loop South, Suite 900Houston, Texas 77027Direct +1 713 830 [email protected]

LISA R. BRIDGESDirector of Market Research | Houston1233 W. Loop South, Suite 900Houston, Texas 77027Direct +1 713 830 [email protected]

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Q2 2014 Austin Office Market Research Report

Real Estate

average cbd vacancy

average suburban vacancy

sf rent

citywide average vacancy

average cbd rental rate

rental rate cbd

sf of new inventory

citywide net absorption