{"id":1004542106,"date":"2021-07-12T04:03:09","date_gmt":"2021-07-12T12:03:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004542106"},"modified":"2022-12-07T22:08:53","modified_gmt":"2022-12-08T06:08:53","slug":"austin-market-update-despite-mammoth-pipeline-office-vacancy-stabilizes","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/austin-market-update-despite-mammoth-pipeline-office-vacancy-stabilizes\/","title":{"rendered":"Austin Market Update: Despite Mammoth Pipeline, Occupancy Stabilizes"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004535278\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/new-york-city-market-update-manhattan-development-pipeline-increases-yoy\/market-update\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Market-Update\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update.jpg?w=800\" class=\"size-medium wp-image-1004535278 alignright\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update.jpg?w=300\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>At the end of May, Austin\u2019s office vacancy clocked in at 16.7 percent, registering a slight dip when compared to April figures and up 900 basis point year-over-year, according to CommercialEdge data.<\/p>\n<p>The market\u2019s vacancy has been inching up since January, when it stood at 12.1 percent. The rate dropped for the first time in May, accounting for a 40-basis-point decrease month-over-month and pointing towards a slight bounce-back.<\/p>\n<p>Austin has the <a href=\"https:\/\/www.commercialsearch.com\/news\/austin-market-update-texas-capital-rises-to-the-development-forefront\/\">largest development pipeline relative to existing stock<\/a> in the country, followed by Brooklyn, N.Y and Charlotte. The metro\u2019s overall vacancy topped the national rate of 15.6 percent by 110 basis points. When compared to other Sun Belt markets with similar growth, Austin\u2019s vacancy rate fared better than Phoenix (17.9 percent) and Dallas (18.7 percent), but was significantly above Charlotte (12.9 percent).<\/p>\n<p>On a submarket level, Austin East (36.6 percent) and Northwest (22.5 percent) registered some of the highest vacancies, while its North (10.4 percent) and Central (12.4 percent) submarkets stood at the other end of the spectrum. Overall vacancy for Class A properties hit 15.8 percent and was lower than that of Class B assets, which averaged at 19.5 percent.<\/p>\n<p><em>CommercialEdge covers 8M+ property records in the United States. View the latest CommercialEdge national monthly office report&nbsp;<a href=\"https:\/\/www.commercialedge.com\/blog\/national-office-report-2021-june\/\">here<\/a>.<\/em><\/p>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vacancy fell month-on-month in May for the first time this year as signs point toward recovery.<\/p>\n","protected":false},"author":739,"featured_media":1004535278,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21742,21747],"tags":[51047,50674],"class_list":["post-1004542106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-latest","category-office","tag-marketupdate","tag-commercialedge"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Austin Market Update: Despite Mammoth Pipeline, Occupancy Stabilizes - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/austin-market-update-despite-mammoth-pipeline-office-vacancy-stabilizes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Austin Market Update: Despite Mammoth Pipeline, Occupancy Stabilizes\" \/>\n<meta property=\"og:description\" content=\"Vacancy fell month-on-month in May for the first time this year as signs point toward recovery.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/austin-market-update-despite-mammoth-pipeline-office-vacancy-stabilizes\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-12T12:03:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T06:08:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Beata Lorincz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/austin-market-update-despite-mammoth-pipeline-office-vacancy-stabilizes\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/austin-market-update-despite-mammoth-pipeline-office-vacancy-stabilizes\/\",\"name\":\"Austin Market Update: Despite Mammoth Pipeline, Occupancy Stabilizes - 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