Austin Industrial Overview | 4Q 2015

4Q 2015

AUSTININDUSTRIALOVERVIEW

Hartland Plaza; Photo by Scott Mason Photography

AQUILA KNOWS AUSTIN

Leigh EllisLead Industrial Broker

512 [email protected]

Clay SchleimerMarket Research Coordinator

512 [email protected]

AQUILA Commercial is dedicated to providingquality service to our clients. We understand thatreal time market data helps our clients makesmart, informed real estate decisions. This report isproduced and distributed quarterly. To receive ourupdates, opt in at aquilacommercial.com.

KEEPING YOU INFORMED

DISCLAIMER This report utilizes various realestate and economic data sources. The informationcontained herein is confidential and proprietary innature. No warranties or guarantees are made asto the accuracy of the information containedherein.

Citywide Warehouse Performance 4

Citywide Flex/R&D Performance 7

Citywide Total Industrial Performance 10

North Submarket Warehouse Performance 14

North Submarket Flex/R&D Performance 15

North Submarket Total Industrial Performance 16

Southeast Submarket Warehouse Performance 17

Southeast Submarket Flex/R&D Performance 18

Southeast Submarket Total Industrial Performance 19

Northeast Submarket Warehouse Performance 20

Northeast Submarket Flex/R&D Performance 21

Northeast Submarket Total Industrial Performance 22

Round Rock & Georgetown Submarket Warehouse Performance 23

Round Rock & Georgetown Submarket Flex/R&D Performance 24

Round Rock & Georgetown Submarket Total Industrial Performance 25

Far Northeast Submarket Warehouse Performance 26

Far Northeast Submarket Flex/R&D Performance 27

Far Northeast Submarket Total Industrial Performance 28

Austin Industrial Submarket Map

CONTENTS

4

0%

5%

10%

15%

20%

2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4

Vaca

ncy

Rate

North Southeast Northeast

Round Rock & Georgetown Far Northeast Citywide

CITYWIDE WAREHOUSE PERFORMANCE

VACANCY RATES AVERAGE ASKING NNN

$0.25

$0.40

$0.55

$0.70

$0.85

$1.00

2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4

Ave

rage

Ask

ing

NN

N



Quarter North Southeast Northeast Round Rock & Georgetown Far Northeast Citywide

2014 Q1 8.8% 7.2% 17.0% 13.2% 14.5% 10.0%

2014 Q2 7.4% 9.0% 17.6% 13.0% 14.3% 10.4%

2014 Q3 9.3% 4.9% 15.1% 16.8% 14.6% 10.4%

2014 Q4 8.2% 5.4% 14.1% 15.8% 10.7% 9.7%

2015 Q1 8.2% 4.2% 12.7% 15.6% 12.0% 9.4%

2015 Q2 7.8% 6.6% 9.4% 12.2% 8.9% 8.9%

2015 Q3 5.5% 7.0% 7.5% 12.1% 8.6% 7.1%

2015 Q4 5.0% 5.4% 7.3% 9.6% 8.6% 6.3%

Numbers based on CBRE statistics


2014 Q1 $0.52 $0.48 $0.54 $0.49 $0.48 $0.53

2014 Q2 $0.53 $0.43 $0.64 $0.50 $0.46 $0.52

2014 Q3 $0.57 $0.43 $0.65 $0.48 $0.48 $0.52

2014 Q4 $0.55 $0.41 $0.65 $0.48 $0.48 $0.52

2015 Q1 $0.57 $0.45 $0.66 $0.51 $0.54 $0.55

2015 Q2 $0.51 $0.56 $0.63 $0.52 $0.50 $0.60

2015 Q3 $0.71 $0.56 $0.62 $0.57 $0.57 $0.63

2015 Q4 $0.84 $0.56 $0.65 $0.58 $0.55 $0.67


4


2014 Q1 822,571 401,801 724,597 367,495 297,975 3,063,706

2014 Q2 691,741 501,757 751,298 361,481 311,814 3,222,127

2014 Q3 875,948 270,134 641,700 468,877 319,086 3,221,887

2014 Q4 772,155 298,596 602,893 439,227 232,749 2,993,590

2015 Q1 779,087 231,142 540,888 433,927 260,626 2,911,198

2015 Q2 742,129 373,605 410,356 341,296 194,903 2,762,216

2015 Q3 521,887 396,993 326,398 336,296 187,850 2,212,294

2015 Q4 479,847 316,245 319,624 258,907 187,850 1,975,254



2014 Q1 (124,697) (28,935) (360,297) (5,632) 142,631 (444,407)

2014 Q2 130,830 (99,956) (26,701) 6,014 106,161 156,153

2014 Q3 (184,207) 231,623 109,598 (107,396) (7,272) 240

2014 Q4 121,093 (28,462) 38,807 29,650 86,337 256,097

2015 Q1 102,955 67,454 62,005 5,300 (27,877) 192,279

2015 Q2 36,958 (52,487) 220,132 92,631 65,723 328,558

2015 Q3 220,242 (23,388) 83,958 5,000 7,053 549,922

2015 Q4 42,040 319,953 6,774 (3,625) 0 557,701


5


AVAILABLE SF ABSORPTION

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4

Ava

ilabl

e SF

North Southeast Northeast Round Rock & Georgetown Far Northeast Citywide

(600,000)

(400,000)

(200,000)

0

200,000

400,000

600,000

800,000

2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4

Abs

orpt

ion

(SF)


5


NET ABSORPTIONAVAILABLE SF VS. VACANCY RATE VACANCY VS. RENTAL RATES

0%

2%

4%

6%

8%

10%

12%

14%

-

5,000,000

10,000,000

15,000,000

20,000,000

25,000,000

30,000,000

35,000,000

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

Vaca

ncy

Rate

Ava

ilabl

e SF

Occupied SF Available SF Vacancy Rate

88%

89%

90%

91%

92%

93%

94%

95%

(600,000)

(400,000)

(200,000)

0

200,000

400,000

600,000

800,000

2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4

Occu

panc

y Rat

e

Abso

rptio

n (SF

)

Absorption Occupancy Rate

5%

7%

9%

11%

13%

15%

$0.50

$0.55

$0.60

$0.65

$0.70

$0.75

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

Vaca

ncy

Rate

Ave

rage

Ask

ing

NN

N

Average Asking NNN Vacancy Rate

Quarter Net Rentable Area Available SF Vacancy Rate Absorption Average Asking NNN

2014 Q1 30,522,096 3,063,706 10.0% (444,407) $0.53

2014 Q2 30,836,670 3,222,127 10.4% 156,153 $0.52

2014 Q3 30,836,670 3,221,887 10.4% 240 $0.52

2014 Q4 30,864,470 2,993,590 9.7% 256,097 $0.52

2015 Q1 30,974,357 2,911,198 9.4% 192,279 $0.55

2015 Q2 31,153,933 2,762,216 8.9% 328,558 $0.60

2015 Q3 31,153,933 2,212,294 7.1% 549,922 $0.63

2015 Q4 31,474,594 1,975,254 6.3% 557,701 $0.67


6

7

CITYWIDE FLEX/R&D PERFORMANCE


0%

5%

10%

15%

20%

2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4

Vaca

ncy

Rate



$0.50

$0.65

$0.80

$0.95

$1.10

$1.25

2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4

Ave

rage

Ask

ing

NN

NNorth Southeast Northeast Far Northeast Citywide


2014 Q1 9.6% 17.4% 9.2% 5.0% 8.2% 13.2%

2014 Q2 8.7% 14.1% 16.7% 2.4% 8.2% 13.4%

2014 Q3 8.5% 13.0% 14.4% 2.6% 8.2% 12.6%

2014 Q4 7.5% 13.0% 12.0% 2.9% 8.2% 12.0%

2015 Q1 7.5% 14.8% 11.1% 2.6% 11.4% 12.3%

2015 Q2 8.4% 9.5% 3.4% 1.4% 8.0% 9.8%

2015 Q3 9.5% 9.2% 1.9% 2.1% 8.9% 9.6%

2015 Q4 9.1% 11.9% 2.7% 8.8% 7.3% 10.8%



2014 Q1 $0.77 $0.81 $0.66 N/A $0.84 $0.79

2014 Q2 $0.88 $0.64 $0.68 $0.86 $0.84 $0.87

2014 Q3 $0.91 $0.89 $0.74 $0.86 $0.79 $0.92

2014 Q4 $0.89 $0.91 $0.72 N/A $0.84 $0.91

2015 Q1 $0.93 $0.87 $0.73 N/A $0.91 $0.93

2015 Q2 $0.94 $0.86 $0.67 N/A $0.89 $0.95

2015 Q3 $1.01 $0.76 $0.81 N/A $0.82 $0.91

2015 Q4 $1.10 $0.77 $0.63 N/A $1.05 $0.91


7

8




2014 Q1 424,680 808,350 299,666 86,734 24,450 2,444,882

2014 Q2 386,728 655,931 595,469 40,952 24,450 2,539,566

2014 Q3 374,807 603,352 513,950 44,478 24,450 2,378,202

2014 Q4 334,169 603,510 427,728 50,550 24,450 2,275,577

2015 Q1 332,884 688,992 395,916 44,074 34,134 2,332,054

2015 Q2 370,729 426,198 111,348 23,391 23,812 1,799,903

2015 Q3 419,138 409,691 61,317 37,049 26,434 1,763,624

2015 Q4 403,728 548,554 87,702 156,803 21,684 2,018,081



2014 Q1 65,702 51,904 14,449 (10) 0 150,897

2014 Q2 37,952 152,419 16,804 45,782 0 217,923

2014 Q3 11,921 52,579 81,519 (3,526) 0 161,364

2014 Q4 40,638 (158) 86,222 (6,072) 0 102,625

2015 Q1 1,285 (85,482) 31,812 6,476 (9,684) (56,477)

2015 Q2 (37,845) 89,994 (28,039) 20,683 10,322 46,744

2015 Q3 (48,409) 16,507 50,031 (13,658) (2,622) 36,279

2015 Q4 15,410 21,137 (26,385) (56,000) 4,750 (30,703)


0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4

Ava

ilabl

e SF


(150,000)

(100,000)

(50,000)

0

50,000

100,000

150,000

200,000

250,000

300,000

2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4

Abs

orpt

ion

(SF)

North Southeast Northeast Round Rock & Georgetown Far Northeast Citywide8




2014 Q1 18,572,190 2,444,882 13.2% 150,897 $0.79

2014 Q2 18,884,797 2,539,566 13.4% 217,923 $0.87

2014 Q3 18,884,797 2,378,202 12.6% 161,364 $0.92

2014 Q4 18,884,797 2,275,577 12.0% 102,625 $0.91

2015 Q1 18,884,797 2,332,054 12.3% (56,477) $0.93

2015 Q2 18,399,390 1,799,903 9.8% 46,744 $0.95

2015 Q3 18,399,390 1,763,624 9.6% 36,279 $0.91

2015 Q4 18,623,144 2,018,081 10.8% (30,703) $0.91


0%

2%

4%

6%

8%

10%

12%

14%

16%

- 2,000,000 4,000,000 6,000,000 8,000,000

10,000,000 12,000,000 14,000,000 16,000,000 18,000,000 20,000,000

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

Vaca

ncy

Rate

Ava

ilabl

e SF


84%

85%

86%

87%

88%

89%

90%

91%

(100,000)

(50,000)

0

50,000

100,000

150,000

200,000

250,000

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

Occ

upan

cy R

ate

Abs

orpt

ion

(SF)


5%

7%

9%

11%

13%

15%

$0.50

$0.60

$0.70

$0.80

$0.90

$1.00

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

Vaca

ncy

Rate

Ave

rage

Ask

ing

NN

N


9

10

CITYWIDE TOTAL INDUSTRIAL PERFORMANCE



2014 Q1 9.0% 11.9% 13.6% 10.1% 13.7% 11.2%

2014 Q2 7.8% 11.3% 17.2% 8.9% 13.6% 11.6%

2014 Q3 9.1% 8.6% 14.8% 11.4% 13.9% 11.3%

2014 Q4 8.0% 8.8% 13.2% 10.9% 10.4% 10.6%

2015 Q1 8.0% 9.0% 12.0% 10.6% 11.9% 10.5%

2015 Q2 8.0% 7.9% 6.9% 8.1% 8.8% 9.2%

2015 Q3 6.8% 8.0% 5.1% 8.3% 8.7% 8.0%

2015 Q4 6.3% 8.2% 5.4% 9.2% 8.5% 8.0%



2014 Q1 $0.64 $0.66 $0.60 $0.55 $0.51 $0.63

2014 Q2 $0.68 $0.63 $0.66 $0.54 $0.50 $0.67

2014 Q3 $0.74 $0.63 $0.69 $0.51 $0.52 $0.70

2014 Q4 $0.74 $0.67 $0.69 $0.51 $0.53 $0.70

2015 Q1 $0.82 $0.68 $0.69 $0.57 $0.65 $0.73

2015 Q2 $0.74 $0.79 $0.64 $0.56 $0.58 $0.76

2015 Q3 $0.98 $0.68 $0.68 $0.63 $0.62 $0.76

2015 Q4 $1.07 $0.68 $0.64 $0.61 $0.62 $0.80


0%

5%

10%

15%

20%

2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4

Vaca

ncy

Rate



$0.25

$0.40

$0.55

$0.70

$0.85

$1.00

$1.15

2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4

Ave

rage

Ask

ing

NN

NNorth Southeast Northeast

Round Rock & Georgetown Far Northeast Citywide10

11




2014 Q1 1,247,251 1,210,151 1,024,263 454,229 322,425 5,508,588

2014 Q2 1,078,469 1,157,688 1,346,767 402,433 336,264 5,761,693

2014 Q3 1,250,755 873,486 1,155,650 513,355 343,536 5,600,089

2014 Q4 1,106,324 902,106 1,030,621 489,777 257,199 5,269,167

2015 Q1 1,111,971 920,134 936,804 478,001 294,760 5,243,252

2015 Q2 1,112,858 799,803 521,704 364,687 218,715 4,562,119

2015 Q3 941,025 806,684 387,715 373,345 214,284 3,975,918

2015 Q4 883,575 864,799 407,326 415,710 209,534 3,993,335



2014 Q1 (58,995) 22,969 (345,848) (5,642) 142,631 (293,510)

2014 Q2 168,782 52,463 (9,897) 51,796 106,161 374,076

2014 Q3 (172,286) 284,202 191,117 (110,922) (7,272) 161,604

2014 Q4 161,731 (28,620) 125,029 23,578 86,337 358,722

2015 Q1 104,240 (18,028) 93,817 11,776 (37,561) 135,802

2015 Q2 (887) 37,507 192,093 113,314 76,045 375,302

2015 Q3 171,833 (6,881) 133,989 (8,658) 4,431 586,201

2015 Q4 57,450 341,090 (19,611) (59,625) 4,750 526,998


0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

7,000,000

2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4

Ava

ilabl

e SF


(600,000)

(400,000)

(200,000)

0

200,000

400,000

600,000

800,000

2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4

Abs

orpt

ion

(SF)

North Southeast Northeast Round Rock & Georgetown Far Northeast Citywide11




2014 Q1 49,094,286 5,508,588 11.2% (293,510) $0.63

2014 Q2 49,721,467 5,761,693 11.6% 374,076 $0.67

2014 Q3 49,721,467 5,600,089 11.3% 161,604 $0.70

2014 Q4 49,749,267 5,269,167 10.6% 358,722 $0.70

2015 Q1 49,859,154 5,243,252 10.5% 135,802 $0.73

2015 Q2 49,553,323 4,562,119 9.2% 375,302 $0.76

2015 Q3 49,553,323 3,975,918 8.0% 586,201 $0.76

2015 Q4 50,097,738 3,993,335 8.0% 526,998 $0.80


0%

3%

6%

9%

12%

15%

18%

-

10,000,000

20,000,000

30,000,000

40,000,000

50,000,000

60,000,000

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

Vaca

ncy

Rate

Ava

ilabl

e SF


88%

89%

90%

91%

92%

93%

94%

(400,000)

(200,000)

0

200,000

400,000

600,000

800,000

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

Occ

upan

cy R

ate

Abs

orpt

ion

(SF)


0%

4%

8%

12%

16%

20%

$0.00

$0.20

$0.40

$0.60

$0.80

$1.00

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

Vaca

ncy

Rate

Ave

rage

Ask

ing

NN

N


12


2014 Q1 109,887 - - - 120,000 229,887

2014 Q2 109,887 - 90,331 - - 200,218

2014 Q3 109,887 239,205 90,331 30,000 - 469,423

2014 Q4 109,887 239,205 90,331 30,000 - 469,423

2015 Q1 - 239,205 90,331 30,000 - 359,536

2015 Q2 - 399,000 - 167,000 153,000 719,000

2015 Q3 - 399,000 - 167,000 153,000 719,000

2015 Q4 - 265,600 - - 153,000 418,600


CITYWIDE TOTAL INDUSTRIAL CONSTRUCTION

-

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4

SF U

nder

Con

struc

tion


13

NORTH WAREHOUSE PERFORMANCE



2014 Q1 9,378,907 822,571 8.8% (124,697) $0.52

2014 Q2 9,378,907 691,741 7.4% 130,830 $0.53

2014 Q3 9,378,907 875,948 9.3% (184,207) $0.57

2014 Q4 9,396,207 772,155 8.2% 121,093 $0.55

2015 Q1 9,506,094 779,087 8.2% 102,955 $0.57

2015 Q2 9,506,094 742,129 7.8% 36,958 $0.51

2015 Q3 9,506,094 521,887 5.5% 220,242 $0.71

2015 Q4 9,506,094 479,847 5.0% 42,040 $0.84


0%

2%

4%

6%

8%

10%

-

2,000,000

4,000,000

6,000,000

8,000,000

10,000,000

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

Vaca

ncy

Rate

Ava

ilabl

e SF


88%89%90%91%92%93%94%95%96%97%

(200,000)(150,000)(100,000)

(50,000)0

50,000100,000150,000200,000250,000

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

Occ

upan

cy R

ate

Abs

orpt

ion

(SF)


0%

2%

4%

6%

8%

10%

$0.00

$0.20

$0.40

$0.60

$0.80

$1.00

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

Vaca

ncy

Rate

Ave

rage

Ask

ing

NN

N


14

NORTH FLEX/R&D PERFORMANCE



2014 Q1 4,433,364 424,680 9.6% 65,702 $0.77

2014 Q2 4,433,364 386,728 8.7% 37,952 $0.88

2014 Q3 4,433,364 374,807 8.5% 11,921 $0.91

2014 Q4 4,433,364 334,169 7.5% 40,638 $0.89

2015 Q1 4,433,364 332,884 7.5% 1,285 $0.93

2015 Q2 4,433,364 370,729 8.4% (37,845) $0.94

2015 Q3 4,433,364 419,138 9.5% (48,409) $1.01

2015 Q4 4,433,364 403,728 9.1% 15,410 $1.10


0%

3%

6%

9%

12%

15%

-

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

Vaca

ncy

Rate

Ava

ilabl

e SF


89%

90%

90%

91%

91%

92%

92%

93%

93%

(60,000)

(40,000)

(20,000)

0

20,000

40,000

60,000

80,000

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

Occ

upan

cy R

ate

Abs

orpt

ion

(SF)


0%

3%

6%

9%

12%

15%

$0.00

$0.25

$0.50

$0.75

$1.00

$1.25

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

Vaca

ncy

Rate

Ave

rage

Ask

ing

NN

N


15

NORTH TOTAL INDUSTRIAL PERFORMANCE



2014 Q1 13,812,271 1,247,251 9.0% (58,995) $0.64

2014 Q2 13,812,271 1,078,469 7.8% 168,782 $0.68

2014 Q3 13,812,271 1,250,755 9.1% (172,286) $0.74

2014 Q4 13,829,571 1,106,324 8.0% 161,731 $0.74

2015 Q1 13,939,458 1,111,971 8.0% 104,240 $0.82

2015 Q2 13,939,458 1,112,858 8.0% (887) $0.74

2015 Q3 13,939,458 941,025 6.8% 171,833 $0.98

2015 Q4 13,939,458 883,575 6.3% 57,450 $1.07


0%

3%

6%

9%

12%

15%

-

3,000,000

6,000,000

9,000,000

12,000,000

15,000,000

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

Vaca

ncy

Rate

Ava

ilabl

e SF


87%

88%

89%

90%

91%

92%

93%

94%

95%

(200,000)

(150,000)

(100,000)

(50,000)

0

50,000

100,000

150,000

200,000

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

Occ

upan

cy R

ate

Abs

orpt

ion

(SF)


0%

3%

6%

9%

12%

15%

$0.00

$0.25

$0.50

$0.75

$1.00

$1.25

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

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16

SOUTHEAST WAREHOUSE PERFORMANCE



2014 Q1 5,569,686 401,801 7.2% (28,935) $0.48

2014 Q2 5,569,686 501,757 9.0% (99,956) $0.43

2014 Q3 5,569,686 270,134 4.9% 231,623 $0.43

2014 Q4 5,569,686 298,596 5.4% (28,462) $0.41

2015 Q1 5,569,686 231,142 4.2% 67,454 $0.45

2015 Q2 5,659,662 373,605 6.6% (52,487) $0.56

2015 Q3 5,659,662 396,993 7.0% (23,388) $0.56

2015 Q4 5,898,867 316,245 5.4% 319,953 $0.56


0%

2%

4%

6%

8%

10%

12%

14%

-

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

7,000,000

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

Vaca

ncy

Rate

Ava

ilabl

e SF


86%

88%

90%

92%

94%

96%

98%

(200,000)

(100,000)

0

100,000

200,000

300,000

400,000

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

Occ

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ate

Abs

orpt

ion

(SF)


0%

2%

4%

6%

8%

10%

12%

$0.00

$0.10

$0.20

$0.30

$0.40

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2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

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17

SOUTHEAST FLEX/R&D PERFORMANCE



2014 Q1 4,640,678 808,350 17.4% 51,904 $0.81

2014 Q2 4,640,678 655,931 14.1% 152,419 $0.64

2014 Q3 4,640,678 603,352 13.0% 52,579 $0.89

2014 Q4 4,640,678 603,510 13.0% (158) $0.91

2015 Q1 4,640,678 688,992 14.8% (85,482) $0.87

2015 Q2 4,467,878 426,198 9.5% 89,994 $0.86

2015 Q3 4,467,878 409,691 9.2% 16,507 $0.76

2015 Q4 4,627,878 548,554 11.9% 21,137 $0.77


0%

4%

8%

12%

16%

20%

-

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

Vaca

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Rate

Ava

ilabl

e SF


80%

82%

84%

86%

88%

90%

92%

(100,000)

(50,000)

0

50,000

100,000

150,000

200,000

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

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2015Q3

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Abs

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(SF)


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$0.00

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18

SOUTHEAST TOTAL INDUSTRIAL PERFORMANCE



2014 Q1 10,210,364 1,210,151 11.9% 22,969 $0.66

2014 Q2 10,210,364 1,157,688 11.3% 52,463 $0.63

2014 Q3 10,210,364 873,486 8.6% 284,202 $0.63

2014 Q4 10,210,364 902,106 8.8% (28,620) $0.67

2015 Q1 10,210,364 920,134 9.0% (18,028) $0.68

2015 Q2 10,127,540 799,803 7.9% 37,507 $0.79

2015 Q3 10,127,540 806,684 8.0% (6,881) $0.68

2015 Q4 10,526,745 864,799 8.2% 341,090 $0.68


0%

3%

6%

9%

12%

15%

18%

-

2,000,000

4,000,000

6,000,000

8,000,000

10,000,000

12,000,000

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

Vaca

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Rate

Ava

ilabl

e SF


86%

88%

90%

92%

94%

96%

(100,000)

0

100,000

200,000

300,000

400,000

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

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Abs

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ion

(SF)


0%

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15%

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$0.25

$0.50

$0.75

$1.00

$1.25

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

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19

NORTHEAST WAREHOUSE PERFORMANCE



2014 Q1 4,261,110 724,597 17.0% (360,297) $0.54

2014 Q2 4,261,110 751,298 17.6% (26,701) $0.64

2014 Q3 4,261,110 641,700 15.1% 109,598 $0.65

2014 Q4 4,261,110 602,893 14.1% 38,807 $0.65

2015 Q1 4,261,110 540,888 12.7% 62,005 $0.66

2015 Q2 4,350,710 410,356 9.4% 220,132 $0.63

2015 Q3 4,350,710 326,398 7.5% 83,958 $0.62

2015 Q4 4,350,710 319,624 7.3% 6,774 $0.65


0%

4%

8%

12%

16%

20%

-

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

Vaca

ncy

Rate

Ava

ilabl

e SF


73%

76%

79%

82%

85%

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91%

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(400,000)

(300,000)

(200,000)

(100,000)

0

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2014Q1

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(SF)


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NORTHEAST FLEX/R&D PERFORMANCE



2014 Q1 3,256,493 299,666 9.2% 14,449 $0.66

2014 Q2 3,569,100 595,469 16.7% 16,804 $0.68

2014 Q3 3,569,100 513,950 14.4% 81,519 $0.74

2014 Q4 3,569,100 427,728 12.0% 86,222 $0.72

2015 Q1 3,569,100 395,916 11.1% 31,812 $0.73

2015 Q2 3,256,493 111,348 3.4% (28,039) $0.67

2015 Q3 3,256,493 61,317 1.9% 50,031 $0.81

2015 Q4 3,256,493 87,702 2.7% (26,385) $0.63


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79%

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NORTHEAST TOTAL INDUSTRIAL PERFORMANCE



2014 Q1 7,517,603 1,024,263 13.6% (345,848) $0.60

2014 Q2 7,830,210 1,346,767 17.2% (9,897) $0.66

2014 Q3 7,830,210 1,155,650 14.8% 191,117 $0.69

2014 Q4 7,830,210 1,030,621 13.2% 125,029 $0.69

2015 Q1 7,830,210 936,804 12.0% 93,817 $0.69

2015 Q2 7,607,203 521,704 6.9% 192,093 $0.64

2015 Q3 7,607,203 387,715 5.1% 133,989 $0.68

2015 Q4 7,607,203 407,326 5.4% (19,611) $0.64


0%

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16%

20%

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4,500,000

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2014Q1

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Ava

ilabl

e SF


76%

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ROUND ROCK & GEORGETOWN WAREHOUSE PERFORMANCE



2014 Q1 2,786,319 367,495 13.2% (5,632) $0.49

2014 Q2 2,786,319 361,481 13.0% 6,014 $0.50

2014 Q3 2,786,319 468,877 16.8% (107,396) $0.48

2014 Q4 2,786,319 439,227 15.8% 29,650 $0.48

2015 Q1 2,786,319 433,927 15.6% 5,300 $0.51

2015 Q2 2,786,319 341,296 12.2% 92,631 $0.52

2015 Q3 2,786,319 336,296 12.1% 5,000 $0.57

2015 Q4 2,705,305 258,907 9.6% (3,625) $0.58


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15%

18%

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500,000

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2014Q2

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78%

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ROUND ROCK & GEORGETOWN FLEX/R&D PERFORMANCE



2014 Q1 1,726,305 86,734 5.0% (10) N/A

2014 Q2 1,726,305 40,952 2.4% 45,782 $0.86

2014 Q3 1,726,305 44,478 2.6% (3,526) $0.86

2014 Q4 1,726,305 50,550 2.9% (6,072) N/A

2015 Q1 1,726,305 44,074 2.6% 6,476 N/A

2015 Q2 1,726,305 23,391 1.4% 20,683 N/A

2015 Q3 1,726,305 37,049 2.1% (13,658) N/A

2015 Q4 1,790,059 156,803 8.8% (56,000) N/A


0%

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2014Q1

2014Q2

2014Q3

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Vaca

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Rate

Ava

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79%

82%

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0

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2014Q1

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[CHART NOT AVAILABLE DUETO INCOMPLETE DATA]

24

ROUND ROCK & GEORGETOWN TOTAL INDUSTRIAL PERFORMANCE



2014 Q1 4,512,624 454,229 10.1% (5,642) $0.55

2014 Q2 4,512,624 402,433 8.9% 51,796 $0.54

2014 Q3 4,512,624 513,355 11.4% (110,922) $0.51

2014 Q4 4,512,624 489,777 10.9% 23,578 $0.51

2015 Q1 4,512,624 478,001 10.6% 11,776 $0.57

2015 Q2 4,512,624 364,687 8.1% 113,314 $0.56

2015 Q3 4,512,624 373,345 8.3% (8,658) $0.63

2015 Q4 4,495,364 415,710 9.2% (59,625) $0.61


0%

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6%

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12%

15%

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1,000,000

2,000,000

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2014Q3

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2015Q1

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2015Q3

2015Q4

Vaca

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Rate

Ava

ilabl

e SF


86%

87%

88%

89%

90%

91%

92%

(150,000)

(100,000)

(50,000)

0

50,000

100,000

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2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

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Abs

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(SF)


0%

4%

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$0.00

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2014Q1

2014Q2

2014Q3

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2015Q1

2015Q2

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2015Q4

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25

FAR NORTHEAST WAREHOUSE PERFORMANCE



2014 Q1 2,058,152 297,975 14.5% 142,631 $0.48

2014 Q2 2,178,152 311,814 14.3% 106,161 $0.46

2014 Q3 2,178,152 319,086 14.6% (7,272) $0.48

2014 Q4 2,178,152 232,749 10.7% 86,337 $0.48

2015 Q1 2,178,152 260,626 12.0% (27,877) $0.54

2015 Q2 2,178,152 194,903 8.9% 65,723 $0.50

2015 Q3 2,178,152 187,850 8.6% 7,053 $0.57

2015 Q4 2,178,152 187,850 8.6% 0 $0.55


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20%

-

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1,000,000

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2,500,000

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

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2015Q4

Vaca

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Ava

ilabl

e SF


82%

84%

86%

88%

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2014Q1

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$0.00

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2014Q1

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26

FAR NORTHEAST FLEX/R&D PERFORMANCE



2014 Q1 298,184 24,450 8.2% 0 $0.84

2014 Q2 298,184 24,450 8.2% 0 $0.84

2014 Q3 298,184 24,450 8.2% 0 $0.79

2014 Q4 298,184 24,450 8.2% 0 $0.84

2015 Q1 298,184 34,134 11.4% (9,684) $0.91

2015 Q2 298,184 23,812 8.0% 10,322 $0.89

2015 Q3 298,184 26,434 8.9% (2,622) $0.82

2015 Q4 298,184 21,684 7.3% 4,750 $1.05


0%

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6%

8%

10%

12%

14%

-

50,000

100,000

150,000

200,000

250,000

300,000

350,000

2014Q1

2014Q2

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2014Q4

2015Q1

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2015Q3

2015Q4

Vaca

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Rate

Ava

ilabl

e SF


82%

84%

86%

88%

90%

92%

94%

(15,000)

(10,000)

(5,000)

0

5,000

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15,000

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

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Occ

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Abs

orpt

ion

(SF)


0%

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8%

12%

16%

20%

$0.20

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$0.60

$0.80

$1.00

$1.20

2014Q1

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2015Q1

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Rate

Ave

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27

FAR NORTHEAST TOTAL INDUSTRIAL PERFORMANCE



2014 Q1 2,356,336 322,425 13.7% 142,631 $0.51

2014 Q2 2,476,336 336,264 13.6% 106,161 $0.50

2014 Q3 2,476,336 343,536 13.9% (7,272) $0.52

2014 Q4 2,476,336 257,199 10.4% 86,337 $0.53

2015 Q1 2,476,336 294,760 11.9% (37,561) $0.65

2015 Q2 2,476,336 218,715 8.8% 76,045 $0.58

2015 Q3 2,476,336 214,284 8.7% 4,431 $0.62

2015 Q4 2,476,336 209,534 8.5% 4,750 $0.62


0%

3%

6%

9%

12%

15%

18%

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

2014Q1

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2014Q3

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2015Q1

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Vaca

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Ava

ilabl

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80%

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160,000

2014Q1

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2015Q1

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Abs

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2014Q1

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28

Austin Industrial Overview | 4Q 2015

Real Estate

Transcript of Austin Industrial Overview | 4Q 2015