All systems are go for the Austin commercial estate market. An NAI Partners market study found that nearly all the key indicators trend up in regard to the health of the Austin market. Among the key results,

Vacancy rates at 3.7%. Vacancies have contracted to level not seen in five years.

Sales values are up 157% from the previous year.

Austin unemployment rate is now the same as what it was before the pandemic. At 3.2%, that’s well below the states jobless rate of 4.7%. The leisure and hospitality sector led the way with a 13.2% increase in job growth, followed by manufacturing, up 11.7%.

And finally, leasing for the quarter was solid, with Austin recording 619,000 square feet of new activity, 85,000 square feet more than the previous quarter.