Q4 2022: Austin Industrial Market Report
Fueled by one of the strongest economies in the nation, Austin’s industrial market has arguably had one of the best years in its history. Despite 12.7 million SF delivering over the past year, vacancies are still well below historic averages. As a result, landlords have pushed rents up by 11.0% since one year ago. With nearly 14.7 million SF underway, Austin has one of the largest construction pipelines in the country, relative to the market’s size. Developers are well aware of Austin’s robust economic performance to date and have been reacting. Over the past year, roughly 12.7 million SF have delivered, and inventory has expanded by 28% since 2017, one of the fastest rates among major markets in the U.S.
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