Category Archive: Austin Real Estate

Austin, Texas Real Estate

Nov 15

Austin Texas 3rd Quarter Multifamily Update

Hendricks – Berkadia recently provided a market update for Quarter 3 2013 and is showing the following numbers. Inventory is up by 1,540 units in last 3 months. Year to date deliveries total 4,250 units, outpacing 2012’s 2,760 units. Net absorption totaled 1,690 units in quarter 3. Average asking rent increase by .9% to $1,026.

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

Oct 30

Texas Home Sales Outlook 2014

Colonial Home

Recently Dr. Mark Dotzour, Chief Economist at the Texas A&M Real Estate Center spoke at the fall meeting of the Texas Association of Realtors and provided his outlook on the housing market for 2014. He cited three primary reasons and supporting data for why he thinks 2014 will be a boom year for homebuilding in …

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Permanent link to this article: http://atxre.com/texas-home-sales-outlook-2014/

Feb 08

Mark Pustka, LinkedIn Top 10% of profiles viewed in 2012

Mark Pustka, LinkedIn

I must be doing something right!  Linked In notice that my profile on their website is in the top 10% most viewed category for 2012.  This popular business related website has gotten my phone ringing with leads and I’m working on current business as a result so no complaints here!

Permanent link to this article: http://atxre.com/mark-pustka-linkedin-top-10-of-profiles-viewed-in-2012/

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/

Oct 28

My Client, David Weekley Homes Purchasing a Lot in Northwest Hills

DWH Logo

Closing today. 7312 Running Rope lot in Northwest Hills bought by my Client, David Weekley Homes for one of their Urban Home projects. DWH tells me that they’ve already got the home under contract!

Permanent link to this article: http://atxre.com/my-client-david-weekley-homes-purchasing-a-lot-in-northwest-hills/

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/

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/

Jun 01

Cost of Buyer’s Representation

Typically Buyer’s Representation costs the Buyer nothing in a Real Property transaction.  How is that possible you ask?  The Buyer’s Agent / Broker is paid by the Owner through a commission payment to their Broker / Agent which is then shared with the Buyer’s Agent. So add free representation to the list of reasons why …

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Permanent link to this article: http://atxre.com/cost-of-buyers-representation/

May 25

Buyer Self Representation

Did you know that as a Buyer if you choose to represent yourself instead of using a Commercial Real Estate Agent for representation, that any conversation, off hand comment, misspoken word or any other confidentiality that you might let slip – must be conveyed by the Owner’s Agent to the Owner as a part of …

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Permanent link to this article: http://atxre.com/buyer-self-representation/

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/

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/

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/

Mar 15

New Austin Restaurant Openings

Virginia Wood at Austin Chronicle provides us with new Austin dining choices that have recently opened. Read on to find out about these restaurants new to the Austin Real Estate Market. El Arbol (3411 Glenview, 804-4087, www.elarbolrestaurant.com), a chic, multilevel, midcentury modern spot serving authentic Argentinean cuisine, South American wines, and custom cocktails. Three new …

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

Mar 14

New to Austin, February 2010

Take a look at this list of all things new to the Austin Real Estate Market in February. New Austin Development San Marcos considers incentives for Alamo Drafthouse (AAS, 2/15/10)  The San Marcos City Council is once again looking to bring an Alamo Drafthouse theater to the city’s beleaguered Springtown center at tomorrow night’s council …

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Permanent link to this article: http://atxre.com/new-to-austin-february-2010/

Mar 11

CBRE Capitalization Rate Survey 2009

CLICK HERE for a great Cap Rate Resource, including the Austin Commercial Real Estate Market CBRE’s 2009 Commercial Capital Markets, Cap Rate Survey for major metropolitan areas in U.S.

Permanent link to this article: http://atxre.com/cbre-capitalization-rate-survey-2009/

Feb 18

Texas Economic Outlook, February 2010

Texas Recovery is at Hand, but Clouds Remain Wells Fargo Securities Economic Group The drag from the U.S. and global recessions on the Texas economy appears to have abated. Most of the state’s key economic indicators have posted some improvement during recent months, even though most still remain well into negative territory on a year-to-year …

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Permanent link to this article: http://atxre.com/texas-economic-outlook-wells-fargo-securities-economic-group/

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 10

Appraisals in Today's Commercial Real Estate Market …

Thinking out loud here but it’s got to be difficult appraising property in a real estate market with so few recent sales to use as comparables. A discussion on appraised value came up recently with clients that are trying to get a property under contract.  They need a loan commitment which will require the property …

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Permanent link to this article: http://atxre.com/appraisals-in-todays-commercial-real-estate-market/

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/

Feb 03

Austin Retail Market – 2009 in Review, 2010 Outlook

Source:  Weitzman Group / Cencor Realty Services RETAIL VACANCY UP 1.5% IN 2009 As of year-end 2009, the Austin retail market reported an occupancy rate of approximately 91.5 percent, down approximately 1.5 percent compared to year-end 2008. NATIONAL CHAIN FAILURES The largest vacancies in the market were a result of national chain failures including Circuit …

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Permanent link to this article: http://atxre.com/austin-retail-2009-in-review-2010-outlook/

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 22

New to Austin, January 2010

New Austin  Development Lone Star / Seton (ABJ, 1/27/10) opening Texas A&M clinical hub at the Texas A&M Health Science Center in Round Rock. Promise Neighborhood (AAS, 1/27/10) Two neighborhoods are moving forward with plans for a “Promise Neighborhood” which uses federal grant $ to create poverty level assistance for housing. Schlitterbahn in Cedar Park …

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Permanent link to this article: http://atxre.com/new-to-austin-january-2010/

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/

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