Austin Commercial Real Estate Market Report
Austin remains a high-growth market with uneven fundamentals by sector. Retail vacancy is historically low, office is beginning a gradual recovery, and industrial and multifamily continue to rebalance after major supply growth.
Q2 2026 | Report source date: May 11, 2026
Austin market snapshot.
Austin remains a high-growth market with uneven fundamentals by sector. Retail vacancy is historically low, office is beginning a gradual recovery, and industrial and multifamily continue to rebalance after major supply growth.
Market metrics dashboard.
Animated market signals.
Vacancy comparison
15.8%
14.2%
3.2%
13.5%
Rent growth signal
1.3%
-1.3%
2.1%
-3.8%
2.7M SF absorbed | 2.1M SF delivered
3.7M SF absorbed | 8.4M SF delivered
1.4M SF absorbed | 1.8M SF delivered
252 units absorbed | 596 units delivered
Office, industrial, retail, and multifamily trends.
2.1M SF delivered, 2.7M SF absorbed, 15.8% vacancy, 1.3% rent growth.
CoStar reports a first year-over-year office vacancy decline in more than three years, helped by major owner-user activity and stronger absorption.
8.4M SF delivered, 3.7M SF absorbed, 14.2% vacancy, -1.3% rent growth.
Industrial vacancy continues to climb after speculative logistics deliveries outpaced demand, giving tenants more leverage.
1.8M SF delivered, 1.4M SF absorbed, 3.2% vacancy, 2.1% rent growth.
Retail space remains tight, with leasing supported by population growth, affluent households, and demand for newly built properties.
15,596 units delivered, 19,252 units absorbed, 13.5% vacancy, -3.8% asking rent growth.
Multifamily demand is historically strong, but vacancy remains elevated after years of heavy deliveries and rent growth is still negative.
Notable trends.
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Data is sourced from CoStar market reports and other market sources provided to Bisono Realty Advisors Group. Information should be independently verified before making leasing, acquisition, disposition, financing, or investment decisions.