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Office Vacancies Ticked Up, Asking Rents in Mid-$30s

Most of the firms issuing quarterly reports for Austin noted that office vacancies ticked up in 2Q 2018, while average asking rents hovered in the mid-$30s. Meanwhile, 4.1 million square feet was under construction, though much of the square footage being built is owner-occupied. Interestingly enough, absorption rates varied widely.


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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.