The Austin office space market continues to be strong in the second quarter of 2012.  Class A occupancy is now at 84.4% from 80.2 percent a year ago.  Rents have increased to $29.37/SF from $28.24/SF a year ago.  Commercial real estate development has been picking up as well with over

10 million square feet of office space being planned per Charles Heimsath of Capitol Market Research.