Tag Archive: Austin Economy

Oct 10

3Q 2014, Austin Industrial Market

The Austin Commercial Real Estate industrial market was relatively quiet in the 3rd Quarter of 2014, registering 14,704 square feet of absorption. Year to date absorption remains at a negative 71,663 square feet. The 3rd quarter numbers were an improvement over the 2nd quarter negative 168,774 square feet of absorption. Vacancy totals 10.8%, an improvement …

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Permanent link to this article: http://atxre.com/3q-2014-austin-industrial-market/

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/

Sep 11

Quarter 2 2014 Austin Office Construction Update

Quarter 2 2014 Austin Commercial Real Estate Market New Office Construction update by Colliers International recently came out.  The following tidbits regarding new office construction were noted: As of the second quarter of 2014 Austin had more than 2.4 million square feet of office space under construction. Seven new buildings totaling 199,286 square feet were …

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Permanent link to this article: http://atxre.com/quarter-2-2014-austin-office-construction-update/

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/

Jun 24

Q1 2014 Austin Multifamily Report

Quarter 1, 2014 Austin Multifamily Report was recently released by CBRE and it continues to report good news for the Austin Texas market. The Austin multifamily market breaks down into 4 Classes – Class A, B, C, and D.  11% of the total units are in Class A, 28% of the units are in Class …

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Permanent link to this article: http://atxre.com/q1-2014-austin-multifamily-report/

Jun 06

Q1 2014 Austin Multifamily Update

Quarter 1, 2014 Austin Multifamily update provided by Austin Investor Interests LLC, Austin Multifamily Report reveals the following regarding the current Austin Multifamily market. 17,627 units are under construction Q1 2014 Occupancy rates are at 94%, down .85% from previous quarter Rental rates increased 1.44 % to average of $1.20/SF Rent in CBD averages $2.51/SF …

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Permanent link to this article: http://atxre.com/q1-2014-austin-multifamily-update/

May 23

Q1 2014 Austin Office Real Estate Market

Second Quarter 2016 Austin Office Market

Quarter 1, 2014 Austin Office Market report by CBRE shows that Austin continues to boom thanks in large part to a steady rate of employment (from April of 2013 to April of 2014, 29,900 jobs were created).  For Q1 2014 the office market resulted in:  244,628 square feet of positive net absorption Vacancy rate fell …

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Permanent link to this article: http://atxre.com/q1-2014-austin-office-real-estate-market/

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/

Apr 04

Austin Fastest Growing City according to CNN Money

CNN Money Magazine Logo

Not really news to local residents who can feel the surge in growth from the competitive job market to the ever increasing traffic on its freeways – CNN Money lists Austin, Texas atop its recent rankings of fastest growing cities in the U.S.  The data used charts population growth between July 2012 and July 2013 …

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Permanent link to this article: http://atxre.com/austin-fastest-growing-city-according-to-cnn-money/

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/

Feb 07

Fourth Quarter 2013 Austin Industrial Market

Ellis & Salazar Sale

The vacancy rate in Austin’s Industrial market decreased to 7.8% in the fourth quarter of 2013 according to a recent report by the CoStar Group.  Click here for more information. In summary the report shows: Net absorption totaled a positive 300,000 square feet in Q4. Net absorption was down from Q3 when it totaled 463,000 …

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Permanent link to this article: http://atxre.com/fourth-quarter-2013-austin-industrial-market/

Jan 22

Quarter 4, 2013, Austin, Texas Office Market Report

Downtown Skyline

CoStar’s Q4 2013 Office Market report gives us a glimpse into the rapidly improving Austin Office Market.  Here are the details: Vacancy rate fell to 9.3% when compared to the previous quarter. Q4 net absorption totaled almost 500,000 SF up from the positive 300,000 SF absorbed in Q3. Rental rates average $27.94/SF/Year an increase over …

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Permanent link to this article: http://atxre.com/quarter-4-2013-austin-texas-office-market-report/

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 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/

Dec 05

Austin Retail New Construction News

CoStar reports that during the third quarter of 2013 that 200,00 SF of new retail construction was added to the local market.  Over the past year 744,000 SF has been built with 800,000 SF currently under construction. Notable 2013 deliveries include Mueller Market District HEB (total of 83,000 SF, 100% occupied), and 920 Old Mill …

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Permanent link to this article: http://atxre.com/austin-retail-new-construction-news/

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/

Nov 11

Urban Land Institute (ULI) 2014 Emerging Trends Forecast, Austin, Texas

ULI recently published its annual Emerging Trends in Real Estate 2014 Report and Austin is featured prominently in its forecast. Under its Markets to Watch heading, Austin ranked seventh dropping three spots from 2013. The report notes a move by investors from core places like New York and Washington DC to more tech and energy …

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Permanent link to this article: http://atxre.com/urban-land-institute-uli-2014-emerging-trends-forecast-austin-texas/

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/

Oct 24

Third Quarter, 2013 Austin Retail Market Overview

Marcus & Millichap have put together a great 3rd Quarter Market Report on the Austin retail market.  Highlights include: Vacancy is maintaining a downward trajectory (expected to be 5.6% by year end) as tenant demand remains healthy. Average asking rents by years end are expected to reach $19.21/sf/year up 1.4% from year end 2012. Construction …

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Permanent link to this article: http://atxre.com/third-quarter-2013-austin-retail-market-overview/

Oct 23

Quarter 3 Austin, Texas Industrial Market Improves

CBRE‘s Q3 2013 Austin, Texas Industrial Market report shows a continued uptick. The 3rd Quarter of 2013 had its lowest vacancy rate in 12 years – coming in at 10.7% (8.2% in 2001). 200,000 SF +in positive net absorption in the 3rd quarter. Warehouse space outperformed flex space, accounting for 66% of the net absorption …

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Permanent link to this article: http://atxre.com/quarter-3-austin-texas-industrial-market-improves/

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/

Sep 30

Austin Office Property Sales Increase Year over Year

Austin, Texas Downtown

[important]The number of office building sales doubled in the first half of 2013 compared to the first half of 2012 according to a recent article in the Austin American Statesman.[/important] Twenty office buildings sold from January to June 2013 according to Helen Jobes at Kennedy Wilson (Commercial Real Estate Investment Firm) compared to ten in …

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Permanent link to this article: http://atxre.com/austin-office-property-sales-increase-year-over-year/

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/

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/

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/

Jan 09

2012 Austin Economic & Housing Outlook

Texas A&M Real Estate Center

Dr. Jim Gaines, Research Economist at the Texas A&M Real Estate Center, provided the following outlook for the 2012 Austin Economy and Housing market at the Austin Board of Realtors on October 26, 2011. In a nutshell, “U.S. housing market will remain steady with no major movement and Texas & Austin Local housing markets should …

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Permanent link to this article: http://atxre.com/2012-austin-economic-housing-outlook/

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/

Nov 03

Austin Office Market, Quarter 3, 2011

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Grubb & Ellis, Austin Office Market, Quarter 3, 2011 notes the 9th consecutive quarter of positive net absorption.  644,000 sf was leased in the 3rd Quarter of 2011 which when added to 2011 quarters 1 and 2, adds up to 980,000 sf leased year to date.  Class A & Class B continue to lead all …

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Permanent link to this article: http://atxre.com/austin-office-market-quarter-3-2011/

Nov 03

Austin Industrial Market Report Quarter 3, 2011

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Grubb & Ellis’ 3rd Quarter 2011 Industrial Market Report reveals some interesting trends.  Since vacancy peaked in the Second Quarter of 2010 @ +17%, the market has consistently reduced its vacancy rate to the 13.1% it currently totals.  That’s 5 consecutive quarters with positive net absorption.    This past quarter showed office absorption that totaled …

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Permanent link to this article: http://atxre.com/austin-industrial-market-report-quarter-3-2011/

Aug 15

Austin MultiFamily Market Rental Rate at All Time High

Q2, 2011 Austin MultiFamily Market Data from Industrial Trends Report – Second Quarter 2011 Austin, TX, Grubb & Ellis Absorption in the Second Quarter was 1/2 of Quarter 1 Absorption 171 New Units Added and 689 Units under construction Occupancy increased to 94.7% overall.  Class A at 94.7%, 95.9% for Class B, and 94% for …

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Permanent link to this article: http://atxre.com/austin-multifamily-market-rental-rate-at-all-time-high/

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