Category Archive: Austin

Austin, Texas Information

Jun 27

2015 Austin Multifamily Forecast

A 2015 Austin Multifamily Forecast was recently released by Integra Realty Resources.  According to this report, multifamily should continue to lead all commercial market subcategories in 2015 according to a recent report by Integra Realty Resources (IRR) as reported by the Real Estate Center at Texas A&M. In 2014 Class B continued to outperform Class …

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Permanent link to this article: http://atxre.com/2015-austin-multifamily-forecast/

Jan 08

2015 Austin Real Estate Forecast

Below are a handful of 2015 Austin Real Estate Forecast Articles that are packed with good information for those looking to get educated on how this hot market projects in 2015. Improving Fundamentals and Robust Investor Appetite Fuels Sustained Performance of U.S. Commercial Real Estate Industry, According to PwC US and Urban Land Institute’s Emerging …

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Permanent link to this article: http://atxre.com/2015-austin-real-estate-forecast/

Sep 19

Austin Commercial Real Estate Market Update Mid Year 2014

Q2 2014 AUSTIN COMMERCIAL REAL ESTATE OFFICE MARKET The second quarter of 2014 netted 331,000 square feet (SF) of positive net absorption.  Year to date absorption totals 529,192 SF.  Second quarter lease activity totaled 1,285,825 SF of signed leases which equates to 260 lease transactions for the second quarter, a 5% increase over the Quarter …

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Permanent link to this article: http://atxre.com/austin-commercial-real-estate-market-update-mid-year-2014/

Aug 20

Austin, Texas Third Coolest City in America 2014

Forbes

Forbes Magazine partnering with Sperling’s BestPlaces recently named Austin as its #3 Coolest City in America 2014.     [important] Selection criteria included: A look at the 60 largest Metropolitan Statistical Areas and Metropolitan Divisions (cities and their surrounding suburbs), ranking them on six factors weighted equally Entertainment and recreational amenities. Each city’s “foodie” culture …

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Permanent link to this article: http://atxre.com/austin-texas-third-coolest-city-in-america-2014/

Apr 17

Coming Soon to South Austin, In N Out Burger @ 3701 South Lamar

In n out

My office just received notification from the City of Austin that a site plan has been submitted for the construction of an In N Out Burger at 3701 South Lamar – where there is currently a Wendy’s located. These types of notifications go out when your business is located within such and so many feet …

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Permanent link to this article: http://atxre.com/coming-soon-to-south-austin-in-n-out-burger-3701-south-lamar/

Feb 13

2013 Texas Housing Market – “Smoking”

Smoke

The 2013 Texas Housing Market according to Dr. Mark Dotzour at the Texas A&M Real Estate center was “Smoking”.  Click here for article.  Dr. Dotzour’s salient points include: Residential transaction volume in Texas was 275,829 homes sold, up 16% from 2012 and 35% higher than 2010. 2013 housing sales were the second highest volume in …

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Permanent link to this article: http://atxre.com/2013-texas-housing-market-smoking/

Dec 20

Austin is Best Performing U.S. City in 2013

Austin sits atop the annual Milken Institute’s list of top performing U.S. Cities.  Click here for details. Milken notes that technology and energy are the biggest forces behind the country’s top metropolitan areas. The Institute’s approach to these rankings differs from others in that they do not use quality of life metrics such as commute …

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Permanent link to this article: http://atxre.com/austin-is-best-performing-u-s-city-in-2013/

Oct 22

3rd Quarter Austin Office Market Update

CBRE recently published their 3rd Quarter Office Market report which contains continued good news for the Austin Texas office market. The current vacancy rate stands at 12.4% which is the lowest vacancy rate in twelve (12) years. Absorption was primarily in the far Northwest submarket (Paypal, Marsh, Innovative Aftermarket Systems each took +30 KSF).  Other …

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Permanent link to this article: http://atxre.com/3rd-quarter-austin-office-market-update/

Oct 17

Recently Sold! 8 acres, Main Street East, Buda, TX

Aerial Photo

[important]SOLD[/important]  Recently sold this 8 acre parcel on Main Street East in Buda, TX to an area contractor who has undisclosed plans for the site.  Great location in a rapidly growing area at the entrance to the Sunfield Buda master planned community.

Permanent link to this article: http://atxre.com/recently-sold-8-acres-main-street-east-buda-tx/

Oct 16

Austin Industrial Real Estate Market Tightens Up

Jan Buchholz with the Austin Business Journal sums up the local industrial market pretty well with this quote from her 10/15/13 article on the lease up of Scottsdale Crossing in Cedar Park. The industrial market has grown very tight in Austin with few new developments constructed in the past five years. The third quarter vacancy …

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Permanent link to this article: http://atxre.com/austin-industrial-real-estate-market-tightens-up/

Sep 26

Austin, TX the leader in National Economic Rankings … Again

Austin, Texas Employment Graph

After a one month drop from the top spot in the Business Journals “On Numbers Economic Index” Austin has returned to first on the list.  Austin had been the national leader from February through June until Provo, Utah moved ahead in July. The Business Journal’s On Numbers Economic Index attempts to distinguish the best economy …

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Permanent link to this article: http://atxre.com/austin-tx-the-leader-in-national-economic-rankings-again/

Aug 16

Quarter 2, 2013 Austin Office Market Update

NAI Reoc Austin released their second quarter Austin Office Report August 9, 2013 and the Austin office market continues to sizzle. [important]Direct vacancy continues to go down currently at 12.3% compared to 13.2% last quarter and compared to 14.7% in the second quarter of 2012.[/important] With no new office space delivered in this quarter the …

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Permanent link to this article: http://atxre.com/quarter-2-2013-austin-office-market-update/

Jun 11

Buda Texas Sets Sales Tax Record

Buda Sets Sales Tax Records   Buda has set monthly sales tax collection records for five out of the last 8 months. Nearly every month this fiscal year has set a record for the largest monthly collection for that month in Buda’s history. In fact in February Buda’s sales tax was over $400,000 for the …

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Permanent link to this article: http://atxre.com/buda-texas-sets-sales-tax-record/

May 09

SOLD! 716 Pace Bend Road South Commercial Site

Pace Bend Rd Sale

716 Pace Bend Road Commercial Site closed on April 30th, 2013.  Special Thanks to my Seller for her patient and reasonable approach to the sale of her property!   Loopnet Sales Listing Link.

Permanent link to this article: http://atxre.com/sold-716-pace-bend-road-south-commercial-site/

Feb 26

2013 Austin Real Estate Forecasts

GENERAL AUSTIN BUSINESS JOURNAL, December 12, 2012 Austin’s Boom to continue through 2014, economist says RESIDENTIAL COMMUNITY IMPACT NEWSPAPER AUSTIN, January 8, 2013 Austin Housing Market Forecast to Continue Growth in 2011 KVUE NEWS, January 8, 2013 Strong housing market forecast for Austin KUT News, Forecast: Almost 10,000 New Home starts expected in 2013 COMMERCIAL …

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Permanent link to this article: http://atxre.com/2013-austin-real-estate-forecasts/

Nov 27

Third Quarter 2012 Austin Office Market Report by Newmark Grubb Knight Frank

Newmark Grubb Knight Frank reports a .2% increase in vacancy rate (from 13.5 to 13.7%) for the first time since 2011 based upon new construction and a slowdown in lease velocity (net absorption down 14,192 SF) in 2012 .NGKF also reports average rent rates at a decade high level at $26.27/sf/year.

Permanent link to this article: http://atxre.com/third-quarter-2012-austin-office-market-report/

Aug 23

Austin Warehouse Need

[important]Client Needs to BUY or LEASE Warehouse Space[/important] West, Southwest, South Austin +/- 10,000 SF Total +/- 20% of Total = Office  Some Light Manufacturing Stand Alone Buildings Only – No Industrial Parks or demised portions of Larger buildings Site must be Secure or have the Ability for Tenant to Secure site with high fence

Permanent link to this article: http://atxre.com/austin-warehouse-need/

Aug 23

Austin Automotive Property Need

[important]Client Needs to BUY or LEASE an East Austin Automotive Mechanic Property[/important]    2,000 + SF    At least 2 Bays    Area to park cars outside building & within fence is a plus    East Austin – South of Airport Blvd, North of Ladbybird Lake, East of Interstate 35, West of US Hwy 183 …

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Permanent link to this article: http://atxre.com/austin-automotive-property-need/

Aug 23

Austin Infill Properties Need

[important]National Homebuilder Client Looking for small Land parcels or Lots for Single Family Infill community.[/important] Lots or Land (2+ Acres to subdivide) Infill Locations – West to Cap Tx Hwy Loop 360, South to Slaughter Ln, East to Interstate 35, North to US Hwy 183

Permanent link to this article: http://atxre.com/austin-properties-looking-for/

May 16

Austin, Texas Industrial Market Trends, May 2012

I recently put this synopsis together for a Client and thought I’d share.  Let me know what you think. Austin Metro Industrial Market May 2012

Permanent link to this article: http://atxre.com/austin-texas-market-industrial-trends-may-2012/

May 11

Austin, Texas and Area Economy Booming

I-35 Corridor Booming Northward (of San Antonio) my santonio.com |By Jennifer Hiller |Updated 02:41 a.m., Sunday, May 6, 2012 Housing analysts, developers and builders say a low supply of vacant lots, tight credit markets and higher development and building fees are pushing the new-home market farther north, away from San Antonio and into New Braunfels. “There are …

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Permanent link to this article: http://atxre.com/austin-texas-and-area-economy-booming/

Dec 19

Southwest Water’s High Water Rates are Difficult for Consumers to Fight

Water Utility Map

Great article in the Austin American Statesman about Southwest Water and their business practices based upon an exemption they received from the State of Texas in 2004 which allows them to bypass state law and consolidate various water companies under one entity with a single tariff.  Read on for more information and get involved if …

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Permanent link to this article: http://atxre.com/southwest-waters-high-water-rates-are-difficult-for-consumers-to-fight/

Jan 05

Commercial Real Estate Recovery to Continue in 2011

Grubb & Ellis Predicts Commercial Real Estate Leasing Recovery to Proceed in 2011, Investment Recovery to Continue Multi housing will recover fastest; office market will continue to lag without faster job growth SANTA ANA, Calif., Jan. 3, 2011 /PRNewswire/ — Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today …

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Permanent link to this article: http://atxre.com/commercial-real-estate-recovery-to-continue-in-2011/

Oct 11

Austin Census Data 2009 Estimate – Education, Population, Income and Real Estate

Bob Roberts, Senior VP of Gracy Title, Austin, TX shared the following information from the U.S. Census. “Last week brought the release of 2009 estimates (before the release of the actual Decennial Census) from the U.S. Census Bureau’s American Community Survey (ACS). Here’s a sampling of findings from the 2009 ACS for the 5-county Austin …

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Permanent link to this article: http://atxre.com/austin-census-data-2009-estimate-education-population-income-and-real-estate/

Sep 20

Austin 2010 Commercial Real Estate Price Discovery

I am starting to see more commercial land sales in the South Austin area, which should help set price discovery and break the log jam of Buyers / Sellers that can’t seem to figure out what fair market value is. This would be good news for the market and should lead to more activity.

Permanent link to this article: http://atxre.com/austin-2010-commercial-real-estate-price-discovery/

Aug 06

New Businesses Flock to Austin

Ever curious as to who the latest businesses are to move to Austin and the number of jobs that they create?  Want to get a leg up on your competition and want to contact these newcomers to see if your services might be of interest to them? The Austin Chamber of Commerce’s Announcements & Local …

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Permanent link to this article: http://atxre.com/new-businesses-flock-to-austin/

Jul 11

Austin Land Market, Summer of 2010

Buying and Selling Land in today’s Real Estate Market Land sales continue to be scarce in today’s Austin Real Estate Market. A combination of a lack of confidence in the economy, high asking prices, and a lack of investment buyers willing to assume much risk, have left the market void of activity. Business owners looking …

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Permanent link to this article: http://atxre.com/austin-land-market-summer-of-2010/

May 17

How Austin, Texas Ranks!

Austin, Texas receives its share of honors on a regular basis.  Here’s a listing of many of their “Best of” designations. Austin, No. 3 Dog-Friendly City, DogFriendly.com, ABJ, 5/17/10 Austin, 6th Most Moved to City, U-Haul Report, ABJ, 4/6/10 This one is from Time Magazine in its 3/19/10 edition. The focus is on employment and …

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Permanent link to this article: http://atxre.com/austin-texas-and-best-of-lists/

Apr 22

Austin New Businesses and Expansions 2010

The Austin Chamber of Commerce maintains an up to date list of New Businesses that have announced their opening in Austin as well as a list of Expansions. For 2010 year to date these include: Company Type of Operation Jobs Created Location Type of Action Bazaarvoice E-commerce software (Hdq. 80 Austin Expansion Cinsay E-commerce solutions …

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Permanent link to this article: http://atxre.com/austin-new-businesses-and-expansions-2010/

Mar 23

Monthly Austin Economic Indicators

The Austin Chamber of Commerce provides a monthly look at the Austin Economy and the Indicators that show information including: Employment, consumer price indexes, sales taxes, airport travel, patent activity, venture capital, building permits, home sales, listings, home pricing, office and industrial occupancy and lease rates. April 2010 Austin Economic Market Report March 2010 Austin …

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Permanent link to this article: http://atxre.com/monthly-austin-economic-indicators/

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