RECA releases third-quarter numbers for commercial real estate
Thursday, October 22, 2015 by Elizabeth Pagano
Yesterday, the Real Estate Council of Austin published the latest in commercial real estate data for Austin. Those third-quarter numbers are available on RECA’s website. The data, according to a press release, show a continued strong demand for office, industrial and retail space and continued low vacancy rates. In fact, office vacancy rates have decreased from 9.7 percent last quarter to 9 percent currently, and retail vacancy rates dropped from 3.8 percent to 3.4 percent over the same period of time. Industrial vacancy rates also followed this pattern, dropping from 8.56 percent to 6.84 percent. RECA also celebrated a partnership with Cushman & Wakefield/Oxford Commercial and Transwestern, which will aid the group in releasing quarterly real estate data.
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