q4 2019 | austin office marketwatch · office marketwatch q4 2019 | austin q4 2019 office lease...

OFFICE MARKETWATCH

Q 4 2 0 1 9 | A U S T I N

Q4 2019 Office Lease Statistics By Submarket

SUBMARKETNO. OF BLDGS INVENTORY

YTD NET ABSORPTION

YTD LEASING ACTIVITY

DIRECT OCCUP.

TOTAL OCCUP.

CLASS A NET RENT

CLASS B NET RENT

CLASS C NET RENT

AVE NET RENT

CBD 98 12,749,709 191,786 904,330 95.5% 94.3% $43.18 $34.06 $20.61 $39.35

Central & West Central 97 5,319,552 66,620 438,424 94.2% 93.5% $32.71 $22.55 $21.84 $24.75

Cedar Park 24 1,092,683 40,002 70,104 95.1% 94.7% $25.02 $22.28 $15.25 $23.29

East 51 3,253,188 361,895 216,779 77.3% 77.1% $39.94 $33.85 $25.55 $33.31

Far Northwest 40 3,877,306 223,872 299,211 92.3% 89.9% $24.92 $19.45 $14.94 $22.92

North 92 8,045,422 227,587 421,303 95.8% 95.5% $36.58 $19.56 $16.68 $26.31

Northeast 45 2,930,433 5,511 460,889 93.1% 85.6% $22.50 $14.64 $11.44 $16.34

Northwest 226 14,471,687 (1,040,529) 1,672,858 84.7% 83.8% $27.08 $21.16 $13.88 $23.46

Round Rock & Pflugerville 59 2,495,249 11,559 99,556 90.1% 89.4% $24.62 $19.45 $17.00 $21.04

South 70 3,108,165 36,385 130,248 96.2% 96.2% $26.43 $22.84 $14.83 $21.53

Southeast 35 3,254,711 139,782 270,375 85.8% 85.8% $25.00 $18.54 $16.09 $19.35

Southwest 185 11,531,527 347,798 1,051,444 94.9% 94.1% $32.15 $25.23 $19.78 $29.68

AUSTIN 1,022 72,129,632 612,268 6,035,521 91.5% 90.4% $32.86 $23.19 $17.42 $27.30

Office Sales StatisticsAUSTIN

TRAILING 12 MO.

AUSTIN Q4 2019

AUSTIN QUARTER TO DATE

U.S. TRAILING

12 MO.U.S.

Q4 2019

Volume ($ Mil) $2,659.3 $103.0 0 $131,902.8 $33,154.9

No. of Properties 75 11 0 5,246 892

Total SF 7,759,169 425,258 0 464,939,557 106,209,435

Average Price/SF $459 $219 N/A $302 $328

Ave Cap Rate (Yield) 6.2% 7.2% N/A 6.6% 6.0%

SOURCE: Real Capital Analytics

OFFICE LEASE STATISTICS :: VACANCY & RENTAL RATE

All office buildings larger than 25,000 SF excluding government, medical, user campuses and office condos.

0.0%

5.0%

15.0%

20.0%

$6.00

$20.00

$24.00

$28.00

$32.0025.0%

$16.00

$20.00

$24.00

$28.00

$32.00

0.0%

5.0%

10.0%

15.0%

20.0%

11 13 14 15 16 17 18 19

VACANCY (%)NET RENT PSF ($)

Recent Office Leases

North :: Ascension Seton Health Alliance 29,220 SF at Braker Pointe III

Central :: St. David’s Healthcare (renew) 42,564 SF at Bailey Square

Northwest :: The Boon Group (renew) 48,873 SF at Bridgepoint Square

Northwest :: Microchip Technology 77,916 SF at Park Centre III

Recent Office Sales

Northwest :: Riata Corporate Park 2-9 12301-12365 Riata Trace Parkway 688,432 SF in 8 existing buildings Buyer: KKR JV Endeavor Real Estate Seller: Accesso Partners

Note regarding the NW submarket’s negative absorption: 3M vacated their NW campus and relocated to a smaller space in the NE submarket. This created a 1.17M square foot vacancy marketed for lease in the NW during Q3, which is reflected as YTD negative absorption for the submarket. However, the owner of the campus – World Class Capital – is now in default on the loan for the project and the campus was assigned to a receiver at the close of Q4. Without the 3M negative absorption, the NW year-to-date absorption would be positive 139,211 square feet.

Copyright ©2020 Transwestern. All rights reserved. No part of this work may be reproduced or distributed to third parties without written permission of the copyright owner. The information contained in this report was gathered by Transwestern from various primary and secondary sources believed to be reliable. Transwestern, however, makes no representation concerning the accuracy or completeness of such information and expressly disclaims any responsibility for any inaccuracy contained herein.

METHODOLOGYThe information in this report is the result of a compilation of information on office properties located in the Austin metropolitan area. This report includes single-tenant and multi-tenant properties 15,000 SF and larger, excluding condo and medical office facilities and those properties owned and occupied by a government agency. Unless otherwise stated, the statistics in this report are monthly, meaning they reflect a ‘snapshot in time’ and are not cumulative. Net Absorption refers to the change in vacant space. Gross Leasing Activity refers to the change in available space, including renewals, new leases, expansions and subleases.

Karen JudsonVice President | Marketing & Research

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Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Asset Services, Occupier Solutions, Capital Markets and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Transwestern has 35 U.S. offices and assists clients from more than 221 offices in 37 countries through strategic alliances with France-based BNP Paribas Real Estate and Canada-based Devencore. Experience Extraordinary at transwestern.com and @Transwestern.

A U S T I N | O F F I C E M A R K E T W A T C H

Austin Team Members

Ty Puckett, Regional Partner Development & Investment Sales (512) 314.3572 [email protected] Umstattd, Executive Managing Director Investment Sales & Corp. Services (512) 314.3551 [email protected] Myers, Managing Director Investment Sales (512) 314.3571 [email protected] Stutzman, Managing Director Investment Sales - Multifamily (512) 314.5203 [email protected] Reed, Senior Vice President Occupier Solutions (512) 314.3577 [email protected] Wheeler, Vice President Agency Leasing & Occupier Solutions (512) 314.3553 [email protected] Stewart, Vice President Agency Leasing & Occupier Solutions (512) 314.3574 [email protected] Lester, Vice President Agency Leasing & Occupier Solutions (512) 314.3576 [email protected] Wright, Vice President Occupier Solutions (512) 314.5205 [email protected] Delk, Vice President Development & Investment Sales (512) 314.3557 [email protected] Frisbie, Senior Associate Agency Leasing & Occupier Solutions (512) 314.3961 [email protected] Hinkle, Associate Occupier Solutions (512) 314.5215 [email protected] Thurmond, Associate Agency Leasing & Occupier Solutions (512) 314.5211 [email protected] Gauntt, Associate Investment Sales - Multifamily (512) 314.5206 [email protected] Gaston, Executive Vice President Southwest | Regional Leader (512) 314.3554 [email protected] Judson, Vice President Marketing & Research (512) 314.3560 [email protected]

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Q4 2019 Office Micro-Market Snapshot

MICROMARKET

NO. OF EXISTING

BLGS. INVENTORYYTD NET

ABSORPTIONYTD LEASING

ACTIVITYDIRECT OCCUP.

TOTAL OCCUP.

CLASS A NET RENT*

AVE OPEX (PSF)

YTD UNDER CONSTRUCTION

(SF)

YTD DELIVERIES

(SF)

CBD Towers Only 31 8,727,613 222,430 913,695 96.6% 95.0% $47.28 $27.44 1,327,134 143,988

Domain 34 5,867,781 184,035 439,225 98.8% 98.3% $35.91 $16.39 1,569,537 309,883

Eastside 26 1,900,668 595,647 281,961 86.2% 85.9% $41.17 $15.21 1,924,639 612,458

* Asking rents for under-construction buildings that are actively preleasing are included in the Class A Net Rent calculation. Boundaries for the Submarkets & Micro-Markets can be found here.

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https://download.transwestern.com/public/Austin/MarketReports/AustinSubmarkets.pdf

INDUSTRIAL MARKETWATCH

Q 4 2 0 1 9 | A U S T I N

Recent Industrial Leases

Northeast :: Apple 131,425 SF at Parmer 7.3

Far Northeast :: Home Depot Inc. 85,400 SF at Springbrook Corp Center 8

North :: Owens & Minor (renew) 84,000 SF at Lincoln Vista II

Cedar Park :: Hylion 83,470 SF at Brushy Creek 2

Recent Industrial Sales

Austin Metro :: McWane Portfolio 522,351 SF in 18 industrial & flex buildings Buyer: Stonelake Capital Partners Seller: McWane Inc.

INDUSTRIAL LEASE STATISTICS :: VACANCY & RENTAL RATE

All Austin area industrial buildings larger than 5,000 SF excluding government and owner-occupied user campuses.

Q4 2019 Industrial Lease Statistics By Submarket


YTD NET ABSORPTION


DIRECT OCCUP.

TOTAL OCCUP.

FLEX NET RENT

WHSE NET RENT

AVE NET RENT

CBD & Central 32 762,327 (9,168) 91,965 90.5% 89.8% $12.78 $8.92 $10.31

Cedar Park & Far Northwest 105 3,160,964 140,970 106,823 87.1% 85.7% $11.99 $8.43 $10.57

East 62 3,420,130 (29,575) 243,027 92.9% 92.1% $9.60 $9.16 $9.31

North 216 12,109,557 268,735 814,515 95.9% 94.7% $13.18 $8.00 $9.66

Northeast 151 9,340,582 84,117 625,593 91.2% 90.6% $12.19 $8.55 $10.19

Northwest 17 1,499,197 (36,429) 151,615 91.2% 91.2% $11.60 $7.80 $10.25

Round Rock & Far Northeast 270 8,341,970 653,415 720,304 89.3% 89.1% $11.01 $7.20 $7.96

South 64 887,142 41,287 54,213 89.6% 88.5% $10.23 $7.46 $8.15

Southeast 205 13,242,424 406,105 1,292,453 89.2% 88.5% $12.34 $8.50 $9.65

Southwest 66 817,051 33,142 39,611 92.8% 90.9% $12.34 $10.38 $11.46

AUSTIN 1,188 53,581,344 1,552,599 4,140,119 91.3% 90.6% $12.11 $8.17 $9.51

SOURCE: Transwestern, CoStar

0.0%

5.0%

10.0%

15.0%

20.0%

$4.00

$6.00

$8.00

$10.00

$4.00

$6.00

$8.00

$10.00

$12.00

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

12 13 14 15 16 17 18 19


Industrial Sales StatisticsAUSTIN

TRAILING 12 MO.

AUSTIN Q4 2019


U.S. TRAILING

12 MO.U.S.

Q4 2019

Volume ($ Mil) $810.3 $16.0 $44.1 $103,385.8 $24,831.5

No. of Properties 81 4 3 7,842 1,675

Total SF 8,694,467 147,639 517,290 1,069,841,134 245,757,952


Ave. Cap Rate (Yield) 6.0% 6.3% N/A 6.3% 6.3%



METHODOLOGYThe information in this report is the result of a compilation of information on industrial properties located in the Austin metropolitan area. This report includes Class A & B single-tenant and multi-tenant industrial properties 5,000 SF and larger, excluding owner-occupied user campuses and those properties owned and occupied by a government agency. Unless otherwise stated, the statistics in this report are monthly, meaning they reflect a ‘snapshot in time’ and are not cumulative. Net Absorption refers to the change in vacant space. Gross Leasing Activity refers to the change in available space, including renewals, expansions, new leases and subleases.


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MEDICAL OFFICE MARKETWATCH

Q 4 2 0 1 9 | A U S T I N

MEDICAL OFFICE STATISTICS :: VACANCY & RENTAL RATE


SOURCES: Transwestern, CoStar

Q4 2019 Medical Office Lease Statistics By Submarket


YTD NET ABSORPTION


UNDER CONSTRUCTION

DIRECT OCCUPANCY

TOTAL OCCUPANCY

MEDICAL OFFICE AVERAGE NET RENT

CBD 4 260,007 2,219 4,693 0 99.1% 99.1% $28.15

Cedar Park 59 717,480 22,676 33,248 92,404 91.9% 90.9% $23.90

Central 71 1,215,000 71,672 44,202 0 88.9% 88.1% $29.45

East 9 495,708 0 0 0 100.0% 100.0% $31.20

Far Northeast 12 169,712 9,423 29,919 48,878 88.5% 88.5% $24.56

Far Northwest 28 273,030 28,160 20,113 0 92.9% 90.5% $19.22

Georgetown 17 254,288 (8,152) 5,612 0 89.7% 89.7% $22.79

Hays County 45 651,539 21,692 39,365 77,425 84.3% 84.3% $20.78

North 17 974,834 13,286 7,023 63,867 99.1% 98.5% $28.77

Northeast 1 4,629 0 0 161,600 100.0% 100.0% $17.80

Northwest 65 1,527,983 13,942 65,897 0 92.0% 90.9% $22.23

Round Rock 54 1,156,720 (15,866) 22,346 203,864 83.5% 82.6% $21.59

South 80 1,159,553 (23,169) 28,460 135,686 92.7% 92.6% $25.41

Southeast 9 388,847 3,000 0 0 98.3% 98.3% $22.90

Southwest 77 1,897,574 (37,799) 71,558 137,404 90.1% 89.6% $29.20

West Central 55 852,657 (4,016) 26,264 0 94.4% 94.4% $24.74

AUSTIN MSA 603 11,999,561 97,068 398,700 921,128 91.6% 91.0% $25.55

The above statistics include buildings that are specifically designated as medical office, as well as traditional office buildings with a majority of medical office tenants and uses that conform to medical office standards. These statistics do not include retail buildings that contain medical office tenants. It is estimated that as much as 30% of small- to medium-sized medical office tenants currently lease space in retail centers. However retail space is not specifically marketed for medical office use, therefore it is difficult to accurately track medical use in retail. Sources: Transwestern, CoStar, Revista

Austin Area Hospital Statistics

Number of practicing physicians Travis County 3,912 Williamson County 849 Hays County 277

Number of hospitals Travis County 24 Williamson County 10 Hays County 4

Number of staffed beds Travis County 3,924 Williamson County 918 Hays County 346

$15.00

$18.00

$21.00

$24.00

$27.00

$30.00

0.0%

5.0%

10.0%

15.0%

13 14 15 16 17 18 19


METHODOLOGYThe information in this report is the result of a compilation of data on medical office and office properties that have a majority of medical office tenants, located in the Austin metropolitan area. It does not include retail space leased or utilized as medical office. Unless otherwise stated, the statistics in this report are monthly, meaning they reflect a ‘snapshot in time’ and are not cumulative. Net Absorption refers to the change in vacant space. Gross Leasing Activity refers to the change in available space, including renewals, new leases, expansions, downsizes and subleases.


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PARTIAL LIST OF AUSTIN-AREA HOSPITALS AND NUMBER OF STAFFED BEDS

Arise Austin Medical Center 19 Heart Hospital of Austin 58 St. David's Medical Center 433

Baylor Scott & White Cedar Park 8 Northwest Hills Surgical Hospital 8 St. David's North Austin Medical Center 378

Baylor Scott & White Round Rock 101 Reliant Austin 60 St. David's Rehabilitation Center 64

Cedar Park Regional Medical Center 93 Reliant Rehabilitation Hospital 75 St. David’s Round Rock Medical Center 171

Central Texas Rehabilitation Hospital 50 Ascension Seton Med. Ctr Austin 530 St. David’s South Austin Medical Center 316

Cornerstone Hospital of Austin 103 Ascension Seton Med. Ctr Wmsn 149 Texas NeuroRehab Center 47

Cornerstone Hospital of Round Rock 54 Ascension Seton NW Hospital 117 The Hospital at Westlake Medical Center 23

Dell Children's Hospital 248 Ascension Seton SW Hospital 33 University Medical Center Brakenridge 339

HealthSouth Rehabilitation Hospital 83 St. David’s Georgetown Med. Ctr. 98 Vibra Rehabilitation Hospital Lake Travis 36

Baylor Scott & White Lakeway 106 St. David’s Surgical Hospital 40 SOURCE: Texas Hospital Board


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MULTIFAMILY MARKETWATCH

Q 4 2 0 1 9 | A U S T I N

$0.90

$1.00

$1.10

$1.20

$1.30

$1.40

$1.50

$1.60

0.0%

5.0%

10.0%

15.0%

13 14 15 16 17 18 19

Recent Apartment Sales

Cedar Park :: 95Twenty 334 Units at 9520 Spectrum Drive Buyer: Goldman Sachs Seller: TA Realty

Northwest :: Mesa Verde 358 Units at 3201 Duval Road Buyer: TA Realty Seller: Bluestone Holdings

North :: Windsor Burnet 352 Units at 10301 Burnet Road Buyer: GID Seller: ALliance Residential

Southeast :: Terra 372 Units at 8300 Bluff Springs Road Buyer: Blackstone Seller: Fine Line Diversified Development

APARTMENT STATISTICS :: VACANCY & RENTAL RATE

Q4 2019 :: Apartment Statistics By SubmarketSUBMARKET

NO. OF PROJECTS

NO. OF UNITS

VACANCYT-12

ABSORPTIONAVE RENT

(PER UNIT)AVE RENT

(PSF)

Bastrop County 11 1,064 4.3% 171 $1,045 $1.15

Buda-Kyle 18 4,746 9.0% 654 $1,211 $1.39

Caldwell County 8 413 6.7% 130 $936 $1.09

Cedar Park 27 10,956 10.8% 278 $1,323 $1.39

Central Austin 167 4,277 4.5% (40) $1,389 $1.91

Downtown Austin 29 4,715 10.9% (59) $2,754 $2.80

East Austin 87 10,012 9.7% 733 $1,487 $1.86

Far North Austin 15 1,142 2.9% 99 $1,073 $1.14

Far West Austin 5 103 40.3% 32 $1,281 $1.33

Georgetown-Leander 31 5,284 10.8% 626 $1,240 $1.31

Hill Country 7 785 57.1% 89 $1,378 $1.41

Lake Travis 14 3,512 6.1% 228 $1,501 $1.40

Midtown Austin 213 12,574 6.5% 570 $1,315 $1.74

North Austin 121 24,035 7.0% 1,327 $1,230 $1.52

Northeast Austin 43 7,421 7.4% 139 $1,105 $1.32

Northwest Austin 111 34,131 5.8% 140 $1,232 $1.38

Pflugerville 44 15,184 6.8% 367 $1,207 $1.34

Riverside 66 13,605 7.8% 587 $1,261 $1.60

Round Rock 61 15,046 7.8% 459 $1,211 $1.29

San Marcos 43 6,205 11.1% 126 $994 $1.19

South Austin 84 16,285 5.7% 171 $1,278 $1.47

South Central Austin 135 12,885 5.4% 89 $1,506 $1.93

Southeast Austin 31 7,052 7.7% 335 $1,185 $1.35

Southwest Austin 41 11,600 5.9% 626 $1,480 $1.59

West Austin 67 2,161 7.9% 164 $1,854 $2.25

AUSTIN MSA (TOTAL) 1,479 225,193 7.4% 8,041 $1,311 $1.53

0.0%

5.0%

10.0%

15.0%

$0.90

$1.00

$1.10

VACANCY (%)RENT PSF ($)

Monthly Apartment Statistics

AUSTIN MSAEND OF

DEC 2019ANNUAL

CHANGE (%)

Occupancy 90.7% -0.8%

Units Change 11,112 N/A

Units Absorbed (Annual) 8,686 N/A

Average Size (SF) 861 0%

Average Asking Rent (Unit) $1,334 5.1%

Average Asking Rent PSF $1.55 5.1%

Average Effective Rent (Unit) $1,316 5.1%

Average Effective Rent PSF $1.53 5.1%

% Offering Concessions 20% -3.4%

Average Concession Package 5.6% -0.3%

$1.20

$1.30

$1.40

$1.50

SOURCE: ALN Apartment Data

SOURCE: Austin Investor Interests, ALN Apartment Data

Source: CoStar

$1.60


METHODOLOGYThe statistics included in this report are the result of a compilation of information from primarly and secondary sources, including CoStar, for apartment properties containing 50 or more units located in the Austin metropolitan area, excluding student and senior housing.


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Apartment Sales StatisticsAUSTIN

TRAILING 12 MO.

AUSTIN Q4 2019


U.S. TRAILING

12 MO.U.S.

Q4 2019

Volume ($ Mil) $4,266.2 $928.2 $121.8 $167.090.8 $36,359.2

No. of Properties 122 30 3 7,949 1,317

Total Units 24,921 5,097 524 1,045,162 201,759

Average Price/Unit $182,750 $232,723 N/A $175,958 $209,397

Ave. Cap Rate (Yield) 5.2% 5.7% N/A 5.5% 5.3%SOURCE: Real Capital Analytics


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RETAIL MARKETWATCH

Q 4 2 0 1 9 | A U S T I N

Recent Retail Leases

Cedar Park :: LA Fitness 34,000 SF at 825 West Whitestone

South :: Skandinavia Furniture 24,150 SF at Westgate Shopping Center

Cedar Park :: Jump Street (renew) 32,212 SF at Lakeline Village

Far Northwest :: Indigo Play 19,110 SF at Woodlands Shopping Center

Recent Retail Sales

Far Northwest :: The Hub Shopping Ctr 13945 Research Blvd 147,605 SF unanchored shopping center Buyer: CCL Venture Partners Seller: Sandlewood Management

Q4 2019 Retail Lease Statistics By Submarket


YTD NET ABSORPTION


DIRECT OCCUPANCY

TOTAL OCCUPANCY

AVERAGE NET RENT

Central Business District (CBD) 63 1,791,368 29,099 13,858 97.7% 97.4% $49.92

Central & West Central 232 7,199,399 115,208 192,924 96.0% 95.9% $25.01

Cedar Park & Far Northwest 264 10,585,593 45,776 478,463 95.7% 95.7% $25.82

East & Northeast 156 6,134,792 49,909 132,770 93.7% 93.7% $23.42

Hays County 225 8,108,861 85,244 74,482 97.6% 97.4% $25.66

North 165 6,619,509 (18,370) 85,029 96.7% 96.7% $23.75

Northwest 129 4,764,161 (21,272) 54,212 97.6% 97.4% $26.18

Round Rock & Far Northeast 280 10,511,269 147,766 195,249 94.9% 94.7% $25.36

South & Southeast 311 11,965,754 50,623 289,122 96.9% 96.8% $23.86

Southwest 205 7,676,456 169,554 91,116 96.8% 96.7% $30.82

AUSTIN 2,030 75,357,162 653,537 1,607,225 96.2% 96.1% $26.08 SOURCE: Transwestern, CoStar

RETAIL LEASE STATISTICS :: VACANCY & RENTAL RATE

All Austin area retail buildings larger than 10,000 SF.

0.0%

2.0%

4.0%

6.0%

$10.00

$15.00

$20.00

$25.008.0%

$10.00

$15.00

$20.00

$25.00

$30.00

0.0%

2.0%

4.0%

6.0%

8.0%

13 14 15 16 17 18 19


Retail Sales StatisticsAUSTIN

TRAILING 12 MO.

AUSTIN Q4 2019


U.S. TRAILING

12 MO.U.S.

Q4 2019

Volume ($ Mil) $686.2 $200.6 N/A $55,732.5 $11,738.4

No. of Properties 58 15 0 5,819 815

Total SF 2,406,617 631,549 0 278,682,799 49,716,478


Ave. Cap Rate (Yield) 6.3% 6.0% N/A 6.6% 6.7%



METHODOLOGYThe information in this report is the result of a compilation of information on retail properties located in the Austin metropolitan area. This report includes single-tenant and multi-tenant properties 10,000 SF and larger. Unless otherwise stated, the statistics in this report are monthly, meaning they reflect a ‘snapshot in time’ and are not cumulative. Net Absorption refers to the change in vacant space. Gross Leasing Activity refers to the change in available space, including renewals, new leases, expansions and subleases.


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ECONOMYMARKETWATCH

Q 4 2 0 1 9 | A U S T I N

Austin Employment By IndustryINDUSTRY (NON FARM) DEC 2019 DEC 2018 % GROWTH

Mining, Logging & Construction 68,600 63,400 8.2%

Manufacturing 61,800 61,600 0.3%

Trade, Transportation & Utilities 192,800 187,700 2.7%

Information 34,500 34,300 0.6%

Financial Services 65,500 63,600 3.0%

Professional & Business Services 198,600 188,000 5.6%

Education & Health Services 127,300 126,900 0.3%

Leisure & Hospitality 136,500 128,700 6.1%

Other Services 48,900 45,100 8.4%

Government 185,300 182,700 1.4%

TOTAL 1,119,800 1,082,000 3.5%

SOURCE: MLS Austin

Unemployment RateAUSTIN MSA TEXAS U.S.

Year-End 2012 5.1% 6.1% 7.8%

Year-End 2013 4.5% 5.6% 6.5%

Year-End 2014 3.4% 4.1% 5.4%

Year-End 2015 3.1% 4.2% 4.8%

Year-End 2016 3.2% 4.6% 4.5%

Year-End 2017 2.7% 3.7% 3.9%

Year-End 2018 2.7% 3.6% 3.7%

December 2019 2.4% 3.3% 3.4%

PopulationYEAR-END AUSTIN MSA TEXAS U.S.

2012 1,834,319 26,071,655 313,998,379

2013 1,882,856 26,473,525 316,204,908

2014 1,941,389 26,944,751 318,563,456

2015 1,998,104 27,429,639 320,896,618

2016 2,056,405 27,862,596 320,127,513

2017 2,112,172 28,797,290 325,467,306

2018 2,215,727 29,104,064 327,167,434

Average Home Prices :: December 2019AUSTIN MSA TEXAS U.S.

Average Price $408,494 $303,041 $308,000

Median Price $321,950 $248,000 $271,300

Mo. of Inventory 1.8 3.1 3.7

SOURCE: Bureau of Labor Statistics

SOURCE: US Census Bureau

SOURCE: Texas Workforce Commission

U.S. Key Indicators

This information is current as of the publication date of this report. If you need up-to-the-minute, real-time numbers for any or all of these key indicators, visit the WSJ Market Data Center by clicking this link: http://wsj.com/market-data

52 Wk 52 Wk High Low

DJIA 29373.62 24323.94NASDAQ 9451.43 7011.47S&P 500 3337.77 2624.06

Prime Rate 5.50 4.75Money Mkt 0.78 0.50

52 Wk 52 Wk High Low

30 Yr Fixed 4.59 3.6015 Yr Fixed 3.89 3.145 Yr ARM 4.78 3.41Jumbo 4.71 4.02LIBOR 1 Yr 2.40275 1.52538

Mining, Logging & Construction

6%Manufacturing

6%

Trade, Transportation

& Utilities17%

Information3%

FinancialServices

6%

Professional& Business

Services18%

Educational& Health Services

11%

Leisure & Hospitality

12%

Other Services4%

Government17%

Industry CompositionAustin MSA


METHODOLOGY

The information in this report is the result of a compilation of publicly available data from a variety of private, commercial and

government sources.


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[email protected]

CONTACT


A U S T I N | E C O N O M Y M A R K E T W A T C H

BUILDING PERMITS ISSUED :: AUSTIN MSA

SOURCE: Texas A&M Real Estate Center

PERMITS: MULTIFAMILYPERMITS: SINGLE FAMILY

1,500

1,000

500

2,000

0

500

1,000

1,500

2,000

2,500

N 1Q18

2Q18

3Q18

4Q18

1Q19

2Q19

3Q19

4Q19

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