Net absorption for the overall Austin office market was negative (35,110) square feet in the third quarter 2012. That compares to positive 333,944 square feet in the second quarter 2012, positive 723,641 square feet in the first quarter 2012, and positive 505,574 square feet in the fourth quarter 2011.
The Class A office market recorded net absorption of negative (128,588) square feet in the third quarter 2012, compared to positive 114,672 square feet in the second quarter 2012, positive 380,144 in the first quarter 2012, and positive 262,025 in the fourth quarter 2011.
The Class B office market recorded net absorption of positive 73,894 square feet in the third quarter 2012, compared to positive 208,389 square feet in the second quarter 2012, positive 308,488 in the first quarter 2012, and positive 228,871 in the fourth quarter 2011.
The Class C office market recorded net absorption of positive 19,584 square feet in the third quarter 2012 compared to positive 10,883 square feet in the second quarter 2012, positive 35,009 in the first quarter 2012, and positive 14,678 in the fourth quarter 2011.
Net absorption for Austin's central business district was positive 88,632 square feet in the third quarter 2012. That compares to positive 34,336 square feet in the second quarter 2012, negative (36,149) in the first quarter 2012, and positive 24,978 in the fourth quarter 2011.
The information in this news report is based on CoStar’s Third Quarter 2012 Market Report, a 40-plus page comprehensive research report available to CoStar subscribers. To learn more about quarterly research reports and other benefits available to CoStar subscribers, please call 1-877-694-2177.