Category Archive: Austin Real Estate Quarterly Review

Austin, Texas Real Estate Quarterly Review

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/

Apr 17

Austin Commercial Market Reports

AUSTIN COMMERCIAL REAL ESTATE MARKET REPORTS OFFICE 2010 Grubb & Ellis, Office Trends Report, Quarter 1, 2010 OFFICE 2009 Cushman & Wakefield, Quarter 4, 2009, Austin Office Market Grubb & Ellis, Office Trend Report, Quarter 3, 2009 Grubb & Ellis, Office Trend Report, Quarter 2, 2009 Cushman & Wakefield, Office Report, Quarter 1, 2009 OFFICE …

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Permanent link to this article: http://atxre.com/austin-commercial-market-reports/

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 31

Q4 2009 Austin Residential Real Estate Summary

Permanent link to this article: http://atxre.com/q4-2009-austin-residential-real-estate-summary/

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 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/

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 13

Austin Residential Real Estate Market: 3rd Quarter 2009, by Roselind Hejl

Rosalind Hejl, Realtor with Coldwell Banker United in Austin does a great job of providing a market report for the 3rd quarter of 2009. The Austin real estate market tightened slightly during the 3rd quarter of 2009. Inventory for Austin as a whole continues to stay in balance – with a level of 5.7 months …

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Permanent link to this article: http://atxre.com/austin-residential-real-estate-market-3rd-quarter-2009-by-roselind-hejl/

Oct 04

Quarter 3, 2009 Austin Office Market

Colliers Oxford is reporting that Quarter 3 office vacancies (Class A space) in Austin increased to 24.9% from 18.8%a year ago and 23.7% in Quarter 2. Average rent is down to $27.92 / square foot compared to $30.28 in the same quarter of 2008 and down as well from $28.49 the second quarter 2009 average. …

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Permanent link to this article: http://atxre.com/quarter-3-2009-austin-office-market/

Sep 15

September 2009, Austin Real Estate Buzz…

Yes, the economy has slowed down the activity in the Greater Austin area but there’s still lots of news.  There are new subdivisions planned, industrial buildings in Round Rock being auctioned, plans for a new water park in Pflugerville, Sprouts Farmers Market moving into Round Rock, Eco Hotel in downtown Austin, a report that downtown …

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Permanent link to this article: http://atxre.com/september-2009-austin-real-estate-buzz/

Sep 09

AUSTIN’S RETAIL MARKET, 2Q 09, CONTINUES TO POST GAINS – by Weitzman Group / Cencor

Weitzman / Cencor put together a very thorough mid year analysis of the Austin Retail Market. Read on … AUSTIN’S RETAIL MARKET CONTINUES TO POST GAINS Austin’s retail market at mid-year has experienced a drop in occupancy due to the pull-out of national retailers such as Circuit City and Sportsman’s Warehouse. However, the impact of …

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Permanent link to this article: http://atxre.com/austin%e2%80%99s-retail-market-2q-09-continues-to-post-gains-by-weitzman-group-cencor/

Sep 09

Austin Commercial Real Estate Update – 2Q, 2009, by CBRE

CBRE does a really nice job with their market reports, which I’ve posted links to below. AUSTIN, TEXAS – 2ND QUARTER 2009 UPDATES 2009 Austin Market Outlook Office Market Under Construction and Recent Completions Map Office Market View Office Market Snap Shot Top Office Leases for 2008 Industrial Market Under Construction and Recent Completions Map …

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Permanent link to this article: http://atxre.com/austin-commercial-real-estate-update-2q-2009-by-cbre/

Aug 31

Austin Retail Quarter 2, 2009 – Occupancy Down only .05%

Considering where the local Real Estate Economy is compared to recent years and that retail typically struggles more than Office or Industrial properties during down times, it’s rather amazing that the local Retail Market is as healthy as it is. CENTRAL TEXAS COMMERCIAL REAL ESTATE Retail leasing market hangs tough during downturn Newcomers such as …

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Permanent link to this article: http://atxre.com/austin-retail-quarter-2-2009-report-occupancy-down-only-05-compared-to-2009/

Aug 31

Austin Office Market Quarter 2, 2009 – Vacancies Rise

Grubb & Ellis, Q 2, 2009 Office Market Report Vacancy rates rose in Austin’s office market in the Second Quarter of 2009. Oxford Commercial reports that vacancy rates for Class A office averaged 23.7% in the second quarter, up from 16.6% a year ago.  Rents averaged $28.49/ square foot, down 5.8% compared to the same time last …

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Permanent link to this article: http://atxre.com/austin-quarter-2-2009-office-vacancy-21/

Aug 31

Austin Residential Market Q2 2009 – Market Strengthens

The Austin Board of Realtors is reporting that the local housing market continues to gain momentum from the 1st of this year.  In the first two quarters of 2009 the average sale price for single family home in Austin has increased by $20,824.  The median sales price of homes has increased by $24,400. Since the …

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Permanent link to this article: http://atxre.com/austin-housing-market-strengthens-in-q2-2009/

Aug 31

Austin Industrial Real Estate Market, Second Quarter 2009 – Vacancies Up, Rates Down

Austin Industrial Real Estate Market Report – Oxford Commercial Friday, July 24, 2009 Industrial real estate market about more than warehouses Austin Business Journal – by Ron Losefsky Contributing Writer It might surprise you to learn that in Central Texas, industrial tenants include a wide range of users such as medical clinics, charter schools, nonprofits …

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Permanent link to this article: http://atxre.com/2q-2009-austin-industrial-real-estate-market-report/

Aug 06

Real Estate Recovery Still Down the Road

Real Estate Center Texas A&M

Dr. Mark Dotzour, Chief Economist at Texas A&M Real Estate Center recently spoke at the 2009 Society of Texas A&M Real Estate Professionals’ Annual Conference held at the Fort Worth Omni Hotel July 30 to Aug. 1. Dr. Dotzour shared the following outlook for Real Estate’s near term future. The industry should be prepared to …

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Permanent link to this article: http://atxre.com/real-estate-recovery-still-down-the-road/

Jun 06

Updated Austin Texas Real Estate Market Report

The Real Estate Center at Texas A&M has updated the Market Report for Austin Texas after the 1st Quarter of 2009.  Click Here for More.

Permanent link to this article: http://atxre.com/updated-austin-texas-real-estate-market-report/

May 17

1st Quarter Austin Housing

New home starts in the first quarter of 2009 declined by 47% compared to 2008 according to Residential Strategies, Inc.  1,215 homes were started in January through March 2009 compared to 2,297 starts during the same time period in 2008.   Part of the explanation for the low starts is that 2008 ended with a lot of …

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Permanent link to this article: http://atxre.com/quarter-1-2009-austin-housing-review/

May 16

1st Quarter Austin Office Leasing

Office Market Trends Austin Grubb & Ellis Research First Quarter 2009 After three (3) consecutive quarters of positive net absorption, the Austin office leasing market went in the red for quarter 1 of 2009 giving back 158,281 square feet.  Rental rates declined and vacancy rates went up.  Overall vacancy rose to 20% for the first quarter, …

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Permanent link to this article: http://atxre.com/1st-quarter-office-leasing/

May 15

1st Quarter Austin Retail Leasing

  Marcus & Millichap Real Estate Investment Brokerage Company Austin | 2009 Market Outlook  2009 Retail • 2009 NRI Rank: 10, Up 1 Place. Forecast household growth and only modest job cuts will support retail demand in Austin this year, allowing the market to move up one spot in the ranking. • Employment Forecast: Employers …

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Permanent link to this article: http://atxre.com/1st-quarter-austin-retail-leasing/

May 14

1st Quarter Austin Industrial Leasing

Industrial Market Vacancy Rate

Industrial Market Trends Austin, Grubb & Ellis Research, First Quarter 2009 The Austin Industrial market gave back 592,379 square feet of Industrial lease space in the first quarter of 2009, marking consecutive quarters in the red and the sixth consecutive quarter with an increase in vacancy. Large spaces were vacated across a range of industries …

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Permanent link to this article: http://atxre.com/1st-quarter-austin-industrial-leasing/

May 13

1st Quarter Austin Job Growth

Austin Business Journal April 17, 2009 Austin fighting back; jobless rate drops for 2nd month For the second consecutive month, Austin’s unemployment rate has decreased as the region tries to regain the losses it’s sustained in the recession. Austin added 5,100 jobs in March reducing unemployment from 6.3% in February to 6.2%. In the past …

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Permanent link to this article: http://atxre.com/1st-quarter-job-growth/

Apr 29

Is the U.S. Economy Showing Signs of Recovery?

Business Photo

A look at recent U.S. Economic news suggests that the Nation’s Economy is headed in that direction primarily due to the recent monetary liquidity inserted by the Fed. Does this mean the recession is over? No, but we may be close to bottoming out and the recovery may be achieved more quickly than previously projected.  …

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

Apr 11

Moody's Economy.com March 2009 Report & the Austin Real Estate Market

This is consistent with other recent economic news and it’s good news despite the tenor of Mr. Friedman’s comments.  2010 is right around the corner and the steady improvement that will prelude a 2010 recovery means we should start to see improved economic news sooner (4th quarter 2009 perhaps) rather than later.  Edward Friedman,  Economy.com …

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Permanent link to this article: http://atxre.com/moodys-economycom-march-2009-snapshot-of-austin-texas/

Feb 01

2009 Austin Real Estate Outlook

While the national real estate market continues to struggle, the State of Texas and more specifically Central Texans can “thank their lucky stars” for their more promising near term outlook compared to other parts of the country. Consider that: The Austin Business Journal reported on January 8, 2009 that Texas ranks 4th on a new …

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Permanent link to this article: http://atxre.com/quarter-1-2009-market-news-outlook-forecast/

Jan 09

Q1, 2009 Austin Industrial Market

AUSTIN INDUSTRIAL MARKET Industrial Market Trends Austin, Grubb & Ellis Research, First Quarter 2009 The Austin Industrial market gave back 592,379 square feet of Industrial lease space in the first quarter of 2009, marking consecutive quarters in the red and the sixth consecutive quarter with an increase in vacancy. Large spaces were vacated across a …

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Permanent link to this article: http://atxre.com/q1-2009-austin-industrial-market/

Jan 08

First Quarter 2009 Austin Office Market

AUSTIN OFFICE MARKET Office Market Trends Austin Grubb & Ellis Research First Quarter 2009 After three (3) consecutive quarters of positive net absorption, the Austin office leasing market went in the red for quarter 1 of 2009 giving back 158,281 square feet.  Rental rates declined and vacancy rates went up.  Overall vacancy rose to 20% for …

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Permanent link to this article: http://atxre.com/3163/