| "> | | | | vacancies higher than normal. |
| Vacancy finds! | | | | What does that mean for you? |
| How is the vacancy doing in the commercial real | | | | Hereâs an example: some companies closing |
| estate market for industrial and flex type properties | | | | their offices, others have consolidated the amount of |
| in Austin? | | | | warehouse space they needed adding to the |
| Answer: Good for you as a tenant or a potential | | | | additional capacity of industrial property in the market |
| buyer. | | | | today. Take the additional capacity along with a |
| Vacancy rates are still hovering in the low 20 | | | | higher unemployment rate that translates to lower |
| percentile due to more space being delivered which | | | | lease rates and more concessions available to tenants |
| has kept vacancy rates higher than normal. | | | | and buyers. For some sellers of property, there is still |
| Whatâs the reason? Several actually, but | | | | an elevated expectation of what the property should |
| mainly due to some shut downs of big companies | | | | sell for. |
| along with an overbuilt market this is keeping the | | | | |