Category Archive: Austin Economy

Austin, Texas Economy

Oct 07

Texas Relocation Report, 2014 Edition

The Texas Association of Realtors recently released their 2014 edition of the Texas Relocation Report.  Click here for a link to the report. Texas gained more out of state residents in 2013 than any other state. 584,034 people moved to Texas from out of state in 2013. The majority of out of state residents that …

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Permanent link to this article: http://atxre.com/texas-relocation-report-2014-edition/

Jan 09

Why everyone is moving to Austin

Austin, Texas

A great summary ~ with awesome graphics from AustinStartup.com’s Bryan Menell about why folks are moving to Austin.  Here’s a link “Why everyone is moving to Austin” . Bullet Points include: USA Today names Austin a top city for Tech Startups Forbes ranks Austin among America’s coolest cities to live Business Insider ranks Austin the …

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Permanent link to this article: http://atxre.com/why-everyone-is-moving-to-austin/

Dec 03

Austin is a Market to Watch in 2013 according to Urban Land Institute

Highlighting the best bets for investors in 2013, a recent joint Urban Land Institute (ULI) and Price Waterhouse Coopers (PwC US) report forecasts Austin as # 4 on its list of the 5 markets to watch in 2013. (4). In 2013, Austin looks set to extend its trend of attracting individual and institutional investors alike. Expansion …

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Permanent link to this article: http://atxre.com/austin-a-market-to-watch-according-to-urban-land-institute/

Jan 17

Austin #4 on Milken Institute’s List of 2011’s Best Performing Cities

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Austin, Texas moved down 2 slots on the Milken Institute’s list of 2011 Best Performing Cities compared to its 2010 ranking.  During the 5 year period ending in 2010, Austin had the 3rd fast job growth in the country.   Austin is the largest metro area in the U.S. that has exceeded its pre recession era …

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Permanent link to this article: http://atxre.com/austin-4-on-milken-institutes-list-of-2011s-best-performing-cities/

Mar 21

Texas Leads the Nation in Job Creation in 2010

It is always great news for the Real Estate Industry when job creation is trending upward.  Job creation fuels home construction which then feeds the retail market, which then drives the office & industrial markets.  The State of Texas led the nation in job growth in 2010 and so things continue to look up in …

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Permanent link to this article: http://atxre.com/texas-leads-the-nation-in-job-creation-in-2010/

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/

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/

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/

Apr 19

Quarter 1, 2010 Austin Office Market

Quarter 1, 2010 Average Asking Office Rental Rate $25.15 / SF Change from Last Quarter (Q4 09)  Down <$2.49 / SF> Change from One Year (Q1 09) Down <$3.53 / SF> Average Office Vacancy Rate 22.1% Change from Last Quarter (Q4 09) Up +2.7% Change from One Year (Q1 09) Up +1.8% Office Currently Under …

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Permanent link to this article: http://atxre.com/quarter-1-2010-austin-office-market-report/

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/

Feb 11

Real Estate For Sale – How Much Should I ask?

Do you want the good news or the bad?  What a dilemna! In the Austin Commercial Real Estate Market today, shoot straight with a client about what their property is worth and you risk not getting their business.  Provide a number that is too optimistic and run the risk of getting their business but then …

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Permanent link to this article: http://atxre.com/whats-my-commercial-property-worth/

Feb 07

Dr. Mark Dotzour, "Four Land Mines" in path of Economic Recovery

Dr. Mark Dotzour, Chief Economist for the Real Estate Center at Texas A&M recently likened the U.S. Economic Recovery to an armored vehicle, well built, equipped and manned by talented operators.  But there are land mines to avoid as Dr. Dotzour explains. Land Mine number one is the budget crisis faced by states, cities and …

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Permanent link to this article: http://atxre.com/dr-mark-dotzour-four-land-mines-in-path-of-economic-recovery/

Feb 07

Quarter 4, 2009 Austin Office Market

Office vacancy and rent decreased slightly in the fourth quarter of 2009 compared to 2008’s fourth quarter. Vacancy for Class A space was 24.9% at year’s end according to Oxford Commercial.  This number reflects no change from Quarter 3 to Quarter 4 of 2009 but also represents the highest vacancy level since the end of …

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Permanent link to this article: http://atxre.com/quarter-4-2009-austin-office-market/

Jan 23

Q4 2009 Austin Commercial Real Estate Summary

OFFICE Vacancy Avg. Rental Rate (Class A) Q4 09 20.7% $28.83 Q3 09 20.7% $29.10 Q4 08 18.8% $31.12 INDUSTRIAL Vacancy Avg. Rental Rate Q4 09 14.5% $7.08 Q3 09 14.4% $7.10 Q4 08 12.4% $7.48 RETAIL Vacancy Q4 09 8.5% Q4 08 7% Grubb & Ellis Commercial Reports Office Q4 2009 Industrial Q4 2009 …

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Permanent link to this article: http://atxre.com/q4-austin-commercial-real-estate-summary/

Jan 22

New to Austin, December 2009

New Austin Development Walmart @ Northcross (AAS, 12/3/09) to finally start construction. 21c Museum Hotel (AAS, 12/4/09) revised plans for the Waller Creek project to include a 31 story apartment tower, and a 13 story 250 room hotel with a modern art museum. Upscale 27 room Hyatt Place (AAS, 12/11/09) planned for downtown once economy …

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

Jan 14

Austin December Home Listings Fall 18%

Zip Realty is reporting that the number of homes for sale dropped 18% in December of 2009 compared to December of 2008. There were 7% fewer homes on the market in December of 2009 compared to November of 2009. Click here for more.

Permanent link to this article: http://atxre.com/december-home-listings-fall-18/

Jan 14

Austin Housing Forecast 2010

Eldon Rude, local Director for Metro Study told a packed group at the UT Education and Conference Center yesterday that he expects Austin to lead or be one of the first markets to emerge from the current Economic Crisis. One of the reasons given was that Austin never had the grossly overpriced residential market that …

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Permanent link to this article: http://atxre.com/austin-housing-forecast-2010-metro-study/

Jan 10

Austin New Home Construction Building Permits

Estimated Residential New Home Construction Permits 2009 Estimated through year end. Preliminary forecasts for 2010 are approximately 7,400 per Metro Studies. New Home Construction Permits 2004 2005 2006 2007 2008 2009(p) Travis 7,757 9,425 9,575 6,602 3,894 3,896 Williamson 4,209 5,444 5,738 3,907 2,402 2,156 Hays 1,960 2,124 1,992 1,527 1,348 748 13,926 16,993 17,305 …

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Permanent link to this article: http://atxre.com/austin-new-home-construction-building-permits/

Dec 16

2010 Austin Economic Forecast – Austin Chamber of Commerce, November 23, 2009

Recently the Austin Chamber of Commerce hosted Sam Stovall with S&P Equity Research to provide a forecast for Austin in 2010.  See below for more details… Austin Chamber of Commerce Annual Economic Forecast, Nov. 23rd, 2009 Sam Stovall, Chief Investment Strategist, S&P Equity Research Historical Truths on Decline & Advance –          Recent decline is the …

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Permanent link to this article: http://atxre.com/2010-austin-economic-forecast-austin-chamber-of-commerce-november-23-2009/

Dec 16

Dr. Mark Dotzour, Five Factors affecting Commercial Real Estate (CRE) Recovery

Dr. Mark Dotzour, Chief Economist at Texas A&M Real Estate Center recently noted five (5) key factors that could affect Commercial Real Estate in the near term.  He is one of the best at shooting straight, telling it like it is and he’s usually spot on with his analysis.  Read on… Five Factors Affecting CRE …

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Permanent link to this article: http://atxre.com/dr-mark-dotzour-five-factors-affecting-commercial-real-estate-cre/

Nov 10

Austin Unemployment Holds Steady – September 2009

The region’s unemployment rate remained unchanged at 7.2% for the month of September .  Although 7.2% unemployment is +4% higher than it was a year ago, it’s less than the national average for September which totalled 9.8% or the October national average which stands at 10.2%. The biggest job losses over the past year are in manufacturing (-11.5%), …

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Permanent link to this article: http://atxre.com/austin-unemployment-holds-steady-september-2009/

Nov 08

Q3 2010 Austin Economic Indicators

OFFICE Vacancy Avg. Rate Q2 09 21.3% $28.5 Q3 09 22% $27.9 Q308/Q309 +25% -7.8% Q209/Q309 +3.3% -2% INDUSTRIAL Vacancy R&D Mfg W/D Q2 09 18.8% $9.1/SF $5.0/SF $6.1/SF Q3 09 18.2% $8.8/SF $4.6/SF $5.9/SF Q308/Q309 +24.7% -9.5% -18.4% -7.23% Q209/Q309 -3.2% -3.5% -8.7% -3.6% RETAIL Vacancy Avg. Rental Rate Q4 08 6.9% $20.6 Q1 …

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

Nov 08

Q3 2009 Austin Economic Indicators

OFFICE Vacancy Avg. Rate Q2 09 21.3% $28.5 Q3 09 22% $27.9 Q308/Q309 +25% -7.8% Q209/Q309 +3.3% -2% INDUSTRIAL Vacancy R&D Mfg W/D Q2 09 18.8% $9.1/SF $5.0/SF $6.1/SF Q3 09 18.2% $8.8/SF $4.6/SF $5.9/SF Q308/Q309 +24.7% -9.5% -18.4% -7.23% Q209/Q309 -3.2% -3.5% -8.7% -3.6% RETAIL Vacancy Avg. Rental Rate Q4 08 6.9% $20.6 Q1 …

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Permanent link to this article: http://atxre.com/austin-economic-indicators-2/

Oct 28

Reports of Economic Recovery – Premature?

Recent reports signaling an Economic Recovery may be a bit premature according to Dr. Mark Dotzour, chief economist at the Real Estate Center at Texas A&M.  Three (3) issues need to be addressed before we are in recovery according to Dr. Dotzour.  The number one item is political – health care and the cap-and-trade issues …

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Permanent link to this article: http://atxre.com/reports-of-economic-recovery-premature/

Oct 23

September Austin Residential Market Up

September 2009 residential real estate activity showed improvement compared to September of 2008. Consider that for September 2009 compared to September of 2008: Home sales totalled 1,780 vs. 1,673 homes, a +6% increase. The median home price was $185,250, +2% increase. 9,148 single family homes were being actively listed for sale, a 10% decrease. The …

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Permanent link to this article: http://atxre.com/september-austin-residential-market-up/

Oct 22

Austin W Hotel May Stop until Financing Obtained – Updated

W Hotel Logo

UPDATE W Austin Hotel & Residences Secures Construction Financing to Complete Project on Schedule   AUSTIN, Texas–(Business Wire)– Austin-based Stratus Properties Inc. (NASDAQ: STRS) and the Canyon-Johnson Urban Funds announced today the closing of a replacement construction loan for the W Austin Hotel & Residences project. The loan was funded by Beal Bank Nevada (“Beal”) and …

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Permanent link to this article: http://atxre.com/austin-w-hotel-may-stop-until-financing-obtained/

Oct 16

Austin's Economy: Recession Over, Recovery Began in August

The recession is over in Austin, Texas according to the Adversity Index a tool created by msnbc and Moody’s Economy.com to measure and track the recession on both the State and Metro Area levels.  The index considers an area in “recovery” when the economy is growing from six months earlier.  Areas are judged to be …

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Permanent link to this article: http://atxre.com/austins-economy-recession-over-recovery-began-in-august/

Oct 09

Austin Economy, Summer 2009

Economic  Indicators

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

Sep 23

Austin Unemployment Rates near Record Levels

The unemployment rate in Austin dropped to 7.2% in August from 7.3% in July. However, from August of 2008 to August of 2009, the region lost 7,200 jobs or .9% of the total, the biggest decline in six years according to the Texas Workforce Commission. The unemployment rate in August of 2008 was 4.7%. Local …

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Permanent link to this article: http://atxre.com/austin-unemployment-rates-near-record-levels/

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