“The Austin market continues to show large amounts of positive
absorption. Much of the absorption this quarter can be contributed
to a large amount of small move-ins. Several large leases are set to
commence throughout the second half of the year which should have
a significant positive impact on absorption and job growth in 2012.
The amount of space in the Austin office market continues to
becomes more valuable as absorption remains positive and large
blocks of space become scarce. Expect these trends to continue
throughout the remainder 2012.”