2019-07-11_DTZ戴德梁行_Office_Q2_2019_AUSTIN_OFFICE_2页_244kb

报告摘要

Austin Office Market Summary Q2 2019

Core Content

The Austin office market continues to demonstrate strong performance and resilience, driven by a robust local economy and sustained demand from the tech sector. This summary highlights key economic and market indicators, submarket performance, and notable lease and sale transactions for Q2 2019.

Economic Indicators

Austin Employment: Increased from 1,066,000 in Q2 2018 to 1,085,000 in Q2 2019, showing consistent growth.
Austin Unemployment: Remained at 3.0%, near record lows, compared to the U.S. rate of 3.6%.
U.S. Unemployment: Declined slightly to 3.6% from 3.9% in Q2 2018.
Job Growth: The city added approximately 19,000 jobs over the last 12 months, reflecting strong economic activity.

Market Indicators (Overall, All Classes)

Vacancy Rate: Stabilized at 10.6% in Q2 2019, up by 10 basis points from Q1 2019.
Net Absorption: Positive at 369,000 sf, with 224,040 sf absorbed in the CBD.
Under Construction: Reached an all-time high of 5.9 msf, indicating strong future supply.
Average Asking Rent: Increased to $38.50 psf, with the CBD maintaining the highest rate at $56.21 psf.
Class A Asking Rent: Surpassed an all-time high of $61.00 psf in the CBD, with a 7.7% year-over-year increase.

Submarket Performance

Submarket	Inventory (SF)	Sublet Vacant (SF)	Direct Vacant (SF)	Overall Vacancy Rate	Current Net Absorption (SF)	YTD Net Absorption (SF)	Under Construction (SF)	Avg Asking Rent (All Classes)	Avg Asking Rent (Class A)
CBD	11,238,888	249,320	621,409	7.7%	224,040	333,436	2,305,503	$56.21	$61.00
Central	1,197,337	30,921	76,164	8.9%	-17,271	34,499	181,002	$43.11	$51.42
Far Northwest	15,378,679	252,261	1,441,394	11.0%	-212,333	155,401	858,544	$36.72	$38.07
North Central	1,917,426	0	260,019	13.6%	3,273	27,932	0	$28.59	$32.24
Northeast	2,305,315	173,571	292,128	20.2%	-31,098	19,223	314,000	$23.99	$33.25
Northwest	4,520,518	87,318	479,513	12.5%	19,820	38,697	0	$32.54	$39.36
South Central	1,909,779	0	161,169	8.4%	-43,532	-24,676	700,014	$40.09	$47.98
Southwest	10,989,446	217,858	721,943	8.6%	226,550	209,284	352,479	$39.16	$41.30
East	878,529	0	16,525	1.9%	238,406	338,415	1,031,915	$57.10	$57.10
Austin Totals	53,028,352	1,026,180	4,602,639	10.6%	368,847	1,212,304	5,882,307	$38.50	$43.73

Key Lease Transactions Q2 2019

Bouldin Creek Commons (161,310 sf): Leased by Juul in South Central.
Research Park Plaza I (135,541 sf): Leased by Visa in Far Northwest.
Domain 10 (110,000 sf): Leased by Amazon in Far Northwest.
405 Colorado (70,000 sf): Leased by DLA Piper in Central Business District.

Key Sales Transactions Q2 2019

Third & Shoal (374,963 sf): Sold by Ceilo Realty to Credit Suisse at $835 psf.
Parkline at Lakeline (90,000 sf): Sold by Edward Prince to Strategic Office Partners at $238 psf.
UpCycle (87,711 sf): Sold by Everwest to JMB Financial Advisors at $603 psf.

Outlook

Tech Expansion: Major global tech companies such as Google, Facebook, and Apple continue to invest in Austin, creating a favorable environment for start-ups and reinforcing the city's appeal as a tech hub.
Construction Trends: Office construction reached an all-time high of 5.9 msf, signaling future supply growth.
Rental Trends: With strong demand and limited supply, asking rents are expected to continue rising, and occupancy levels are projected to increase as new developments are absorbed.

MarketBeat Summary

The Austin office market remains stable and strong, with positive net absorption and rising asking rents.
The CBD continues to be the most attractive submarket, with the highest rental rates and strong absorption.
While some submarkets like Northeast and North Central show higher vacancy rates, the overall market is resilient and growing.
Class A properties are in high demand, with the CBD's Class A average rent reaching an all-time high of $61.00 psf.

About Cushman & Wakefield

A leading global real estate services firm with 51,000 employees in 400 offices across 70 countries.
In 2018, the firm generated $8.2 billion in revenue from core services such as property management, leasing, and capital markets.
Provides real estate services to occupiers and owners globally.