Austin Commercial Real Estate MarketWatch 12.2012

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The Austin Office MARKETWATCH report is a monthly report prepared by Transwestern that tracks market statistics for the Austin MSA. Transwestern is pleased to provide this information to our clients and customers. The information contained herein was gathered from sources deemed to be reliable including the CoStar Group and Real Capital Analytics, however no warranty or representation, either express or implied, can be made by Transwestern as to the accuracy or completeness of this information. Copyright © 2013.

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Austin Commercial Real Estate MarketWatch 12.2012

  1. 1. MARKETWATCH AUSTIN 12.2012 MARKETWATCH MARKETWATCH901 S. MoPac Expwy  Suite 4-250  Austin, Texas 78746  512.328.5600  www.transwestern.net/austin
  2. 2. MARKETWATCH AUSTIN OFFICE 12.2012 OFFICE LEASE STATISTICS25.0% MARKETWATCH Vacancy (%) $32.00 Gross Rent PSF ($)20.0% $28.0015.0% $24.00 MARKETWATCH10.0% $20.00 5.0% 0.0% $16.00
  3. 3. MARKETWATCH AUSTIN OFFICE 12.2012 OFFICE LEASE STATISTICS BY SUBMARKET MARKETWATCH No. of Total Direct Direct Total Total YTD Net* YTD Gross* Net (NNN) Quoted Rent PSF Submarket Buildings SF Vacant (SF) Occupancy Vacant (SF) Occupancy Absorption Absorption Class A Class B Class C AverageCBD 61 9,779,601 1,042,311 89.3% 1,101,544 88.7% 69,078 655,590 $25.49 $18.01 $17.92 $24.32Central & West Central 59 3,595,207 412,333 88.5% 431,251 88.0% 48,321 277,928 $20.36 $18.00 $10.99 $17.02North 47 4,704,607 610,846 87.0% 687,472 85.4% 71,325 405,179 $18.47 $12.56 $6.56 $13.98Northeast & East 46 3,282,604 613,006 81.3% 621,006 81.1% 318,136 559,728 N/A $14.15 $8.78 $11.25Northwest & Far Northwest 199 15,986,036 2,390,739 85.0% 2,416,956 84.9% 415,112 2,060,721 $17.66 $15.61 N/A $17.01 MARKETWATCHRound Rock & Cedar Park 17 1,234,993 299,627 75.7% 301,443 75.6% 3,496 86,407 $23.00 $14.72 N/A $16.50South 31 2,109,395 139,801 93.4% 146,843 93.0% 8,714 200,309 N/A $18.23 $14.50 $16.56Southeast 13 1,070,278 265,466 75.2% 265,466 75.2% 7,091 48,101 N/A $13.00 N/A $13.00Southwest 109 8,409,952 990,445 88.2% 994,798 88.2% (3,320) 1,008,164 $20.28 $15.91 $14.50 $18.45TOTAL 582 50,172,673 6,764,574 86.5% 6,966,779 86.1% 937,953 5,302,127 $20.65 $14.85 $9.55 $16.64Survey includes Austin Office Buildings larger than 25,000 SF and excludes government buildings, medical office and user campuses.* In this report, Net Absorption refers to the change in vacant space. Gross Absorption refers to the change in available space.
  4. 4. MARKETWATCH AUSTIN OFFICE 12.2012 MARKETWATCH OFFICE SALES STATISTICS Austin MSA United States Trailing 12 Last Quarter Quarter-To Trailing 12 Last Quarter Months (3Q12) -Date Months (3Q12)Volume ($) $1,336.0 $936.8 $80.6 $69,323.2 $17.590.0No. of Properties 44 17 6 2,798 777Total SF 6,489,984 4,097,174 MARKETWATCH 850,416 366,159,207 89,853,380Average Price/SF $174 $187 N/A $209 $214Average Cap Rate (Yield) 7.1% N/A N/A 7.3% 7.2%Source: Real Capital Analytics
  5. 5. MARKETWATCH AUSTIN INDUSTRIAL 12.2012 INDUSTRIAL LEASE STATISTICS25.0% MARKETWATCH Vacancy (%) $12.00 Rent PSF ($)20.0% $10.0015.0% $8.0010.0% 5.0% MARKETWATCH $6.00 0.0% $4.00
  6. 6. MARKETWATCH AUSTIN INDUSTRIAL 12.2012 INDUSTRIAL LEASE STATISTICS BY SUBMARKET MARKETWATCH No. of Total Direct Direct Total Total YTD Net* YTD Gross* Net (NNN) Quoted Rent PSF Submarket Buildings SF Vacant (SF) Occupancy Vacant (SF) Occupancy Absorption Absorption Flex Warehouse AverageCBD & Central 26 791,840 63,188 92.0% 63,188 92.0% (11,785) 67,169 $11.40 $7.46 $9.82North 209 11,127,581 1,142,680 89.7% 1,262,549 88.7% 53,407 1,535,986 $9.75 $5.69 $7.14Northeast & East 187 11,598,076 1,757,806 84.8% 1,757,806 84.8% 554,671 1,563,913 $8.38 $7.16 $7.70Northwest & Far Northwest 54 3,678,485 232,340 93.7% 245,140 93.3% 63,993 251,182 $11.05 $5.05 $6.77Round Rock & Cedar Park 186 5,634,043 708,812 87.4% 708,812 87.4% 204,515 655,986 $11.09 $6.95 $9.25South & Southwest 74 1,285,662 41,648 96.8% 69,651 94.6% 1,460 71,593 $16.99 $9.60 $13.68SoutheastTOTAL 128 864 8,213,157 42,328,844 1,020,940 4,967,414 87.6% 88.3% 1,020,940 5,128,086 MARKETWATCH 87.6% 87.9%Survey includes Austin Industrial Buildings larger than 5,000 SF, and excludes government buildings and user campuses. 488,854 1,355,115 922,806 5,068,635 $7.91 $9.90 $5.56 $6.27 $6.63 $7.68* In this report, Net Absorption refers to the change in vacant space. Gross Absorption refers to the change in available space.
  7. 7. MARKETWATCH AUSTIN INDUSTRIAL 12.2012 INDUSTRIAL SALES STATISTICS MARKETWATCH Austin MSA United States Trailing 12 Last Quarter Quarter-To Trailing 12 Last Quarter Months (3Q12) -Date Months (3Q12)Volume ($) $303.7 $96.1 $17.7 $31,701.2 $8,338.1No. of Properties 27 7 5 3,535 929Total SF 4,458,634 1,986,353 507,275 525,850,533 132,097,331Average Price/SF $72 $86 MARKETWATCH N/A $62 $67Average Cap Rate (Yield) N/A N/A N/A 7.8% 7.8%Source: Real Capital Analytics
  8. 8. MARKETWATCH AUSTIN RETAIL 12.2012 MARKETWATCH RETAIL LEASE STATISTICS10.0% $24.00 Vacancy (%) 9.0% Rent PSF ($) $22.00 8.0% 7.0% $20.00 6.0% $18.00 5.0% $16.00 4.0% 3.0% $14.00 2.0% $12.00 1.0% 0.0% $10.00
  9. 9. MARKETWATCH AUSTIN RETAIL 12.2012 RETAIL LEASE STATISTICS BY SUBMARKET MARKETWATCH No. of Total Direct Direct Total Total YTD Net* YTD Gross* Quoted Submarket Buildings SF Vacant (SF) Occupancy Vacant (SF) Occupancy Absorption Absorption Rate (NNN)CBD 26 2,134,675 11,562 99.5% 11,562 99.5% 4,905 12,094 $32.00Central & West Central 86 6,824,047 363,044 94.7% 365,063 94.7% 39,154 217,573 $15.78North 69 4,816,342 227,004 95.3% 227,004 95.3% 30,791 140,580 $14.16Northeast & East 62 3,978,822 183,255 95.4% 214,203 94.6% (54,273) 97,877 $16.58Northwest & Far Northwest 90 6,434,866 470,424 92.7% 494,380 92.3% 159,949 300,900 $17.53Round Rock & Cedar Park 135 11,602,791 672,919 94.2% 729,514 93.7% 189,337 406,401 $15.40South 102 7,958,255 291,708 96.3% 381,877 95.2% 12,710 132,633 $16.78Southeast 28 1,569,205 162,381 89.7% 162,831 89.6% 6,822 43,799 $13.65Southwest 57 5,363,944 150,580 97.2% 150,580 97.2% (19,202) 55,551 $17.93TOTAL 655 50,682,947 2,532,877 95.0% 2,737,014 94.6% 370,193 1,407,408 $16.10Survey includes Austin Retail Buildings larger than 25,000 SF* In this report, Net Absorption refers to the change in vacant space. Gross Absorption refers to the change in available space.
  10. 10. MARKETWATCH AUSTIN RETAIL 12.2012 MARKETWATCH RETAIL SALES STATISTICS Austin MSA United States Trailing 12 Last Quarter Quarter-To Trailing 12 Last Quarter Months (3Q12) -Date Months (3Q12)Volume ($) $295.1 $92.2 $0 $46,243.2 $9,450.2No. of Properties 25 9 0 4,058 1,050Total SF 1,931,757 584,629 0 314,419,748 65,192,435Average Price/SF $171 $158 N/A $167 $162Average Cap Rate (Yield) N/A N/A N/A 7.3% 7.3%Source: Real Capital Analytics
  11. 11. Karen Judson, Vice President Marketing & Research 512.314.3560 karen.judson@transwestern.net The Austin Office MARKETWATCH report is a monthly report prepared by Transwestern that tracks market statistics for the Austin MSA. Transwestern is pleased to provide this information to our clients and customers. If you would like to be added to the distribution list for this report, please contact Karen Judson at the phone number or email address above. The information contained herein was gathered from sources deemed to be reliable including the CoStar Group and Real Capital Analytics, however no warranty or representation, either express or implied, can be made by Transwestern as to the accuracy or completeness of this information. Copyright © 2013.901 S. MoPac Expwy  Suite 4-250  Austin, Texas 78746  512.328.5600  www.transwestern.net/austin

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