Strong 3rd Quarter: Austin Office Market Reports

In Austin, Austin’s office leasing market had an strong third quarter performance, posting 644,297 sq ft of positive absorption, the Grubb & Ellis firm reported.

Tenant demand has increased over the last several quarters as companies continued to demonstrate a willingness to take on multi-year space commitments by expanding or relocating to the Capital City.

Job growth has been a catalyst for the sustained recovery, prompting a boom in the local office market that just completed its ninth consecutive quarter of positive net absorption.