Market Trends
- The vacancy rate held steady at 16.1% for the third consecutive quarter, signaling a significant slowdown in vacancy growth. Meanwhile, asking rents increased 3.4% year over year to $11.23 per square foot.
- Net absorption reached 1.5 million square feet (msf) this quarter, marking the strongest quarterly total since Q2 2025. Year-to-date absorption totaled 3.2 msf, nearly matching last year’s pace.
- The Georgetown/Round Rock submarket continued to lead the market rebound, recording nearly 0.8 msf of positive net absorption and the largest construction pipeline in the Austin market at 5.4 msf.