Tag Archive: Austin Real Estate Market

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/

Nov 14

Fall 2014 Austin Commercial Real Estate Market Trends

Dr. Mark Dotzour, Chief Economist at Texas A&M University in College Station, Texas shares the following observations about Commercial Real Estate Market Trends from his recent experience in participating at multiple national conventions.  Most if not all of these trends can be found in the local Austin Texas Commercial Real Estate Market. Foreign investment is …

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Permanent link to this article: http://atxre.com/fall-2014-austin-commercial-real-estate-market-trends/

Oct 15

South Buda Business Park Lot Sold to ADB Investments

Business Park Drive, Buda, TX

[important]Austin Commercial Real Estate Site Sold!  ADB Investments, LLC purchased 4.4 acres recently from my client, CX Properties in Buda, Texas.  Lot 10, Block A has 535 feet of frontage on FM 967 (South Loop 4).  It is our understanding that the Purchaser will open and operate a large mining equipment refurbishment and sales business.  …

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Permanent link to this article: http://atxre.com/south-buda-business-park-site-sold-and-closed/

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/

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/

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 28

Austin Commercial Real Estate Market Industrial Update Q2 2014

For two consecutive quarters the Austin Industrial market shows negative absorption, the first time back to back quarters of negative absorption have been posted since 2009. Q2 2014 posted negative 109,469 square feet of negative absorption. Year to date 2014 absorption totals negative 293,813 square feet Vacancy has therefore risen 40 basis points quarter over …

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Permanent link to this article: http://atxre.com/austin-commercial-real-estate-market-industrial-update-q2-2014/

Aug 24

South Buda Business Park Site Under Contract with Mining Equipment Co

Under Contract

South Buda Business Park Site Under Contract with Mining Equipment Co totaling 9.14 Acres.  The buyer purchases, refurbishes and sells mining equipment. The business is currently located out of state but their plans are to relocate and construct a new location in Buda, Texas to headquarters this company. Design and construction is expected to start …

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Permanent link to this article: http://atxre.com/9-14-acres-of-south-buda-business-park-under-contract/

Jul 31

Q2 2014 Austin Office Market Update

Jones Lang LaSalle’s Q2 2014 Austin Office Market Report shows Austin’s continued tightening of the Office Market with the following highlights noted. The Austin office market continues to tighten as the vacancy rate ends the quarter at 12.2 percent – 8% lower than Q2 2012. Total net absorption equaled 188,00 square feet, down 41% from …

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Permanent link to this article: http://atxre.com/q2-2014-austin-office-market-update/

Jul 14

South Buda Business Park site sold to Chamberlin Roofing

Aerial Sold Property

South Buda Business Park site sold to Chamberlin Roofing.  The site totaled 3.17 acres and closed recently. The property was purchased by  Chamberlin Roofing.   Chamberlin plans to design and construct an Austin regional facility at this location.  Chamberlin Roofing has been providing roofing services to customers since 1897.  They were previously leasing a property …

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Permanent link to this article: http://atxre.com/austin-commercial-real-estate-site-in-buda-recently-sold-to-chamberlin-roofing/

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 25

Q1 2014 Austin Retail Market Report

Quarter 1, 2014 Austin Retail Market report by Transwestern shows that vacancy in the retail market continues to decrease (95% occupancy) as the quoted rental rate remains steady at an average of $15.84/SF/Year.   Significant recent Retail leases include the Aveda Institute leasing 17,339 SF at former Shepler’s at Highland Mall and La Morelia Mexican …

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

May 24

Q1 2014 Austin Industrial Market Report

Quarter 1, 2014 Austin Industrial Market Report by CBRE for Austin continues the trend of the last few years of negative absorption in the first quarter of the year. Negative absorption of 184,344 SF in the first quarter was the weakest since 2010 Citywide vacancy is now at 11.2% Flex space outperformed warehouse product posting …

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

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/

May 12

South Austin Infill Property at 7310 Sherwood – SOLD

Aerial Photo

South Austin Infill Property listing at 7310 Sherwood Avenue was sold and closed this past Friday.  Congratulations to Longhorn Lawns (new owner) and special thank you to Jamie Rauch (Agent for Buyer), and Gay Heavilin and Independence Title for their diligent work on this Sale to get it closed. Link to Sold Property Listing  

Permanent link to this article: http://atxre.com/south-austin-infill-property-at-7310-sherwood-sold/

May 09

What is Austin Creative Office Space?

Aerial Arts

Austin Creative Office Space.  In a town known for its creativity, the term “creative space” is sometimes used to describe a category of tenant lease space that those working in these innovative fields are looking for. I’ve worked with a number of these type businesses including social media consultants Ant’s Eye View, aerial artists Sky …

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Permanent link to this article: http://atxre.com/what-is-austin-creative-office-space/

May 05

Lease Need: Central to North Austin for Web Marketing Firm

LEASE NEED Who:   Web Marketing Firm Need:  7 -10,000 Square Feet Term:  3 – 5 year term Location: North Central Austin – 2222 North to Parmer Lane Budget:  Low to mid $20’s/sf/year – Rent and NNN’s included Detail:  Creative Office Space Small Kitchen (sink, dishwasher, microwave, refrigerator) 2 – 3,000 SF hard wall offices …

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Permanent link to this article: http://atxre.com/lease-need-central-to-north-austin-for-web-marketing-firm/

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 28

2014 Austin Forecast from 360 Real Estate Analytics

Eldon Rude

The following 2014 commercial real estate related items are from an Austin 360 Analytics Real Estate Forecast provided by Eldon Rude. • About 1.2 million square feet of office space was absorbed in Austin in 2013. Companies are growing and some are relocating here. The commercial market looks healthy. • 17,736 apartments are under construction …

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Permanent link to this article: http://atxre.com/2014-austin-forecast-from-360-real-estate-analytics/

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 31

Quarter 4 2013 Austin Retail Market Update

Not much change in the 4th Quarter of 2013 according to CoStar’s quarterly market report.  Click here for the article. Highlights of the report include: Vacancy dropped from 5.1% in Q3 2013 to 4.9% in Q4. Net absorption totaled 228,000 SF compared to Q3 2013 which totalled 271,000 SF Large space occupancy was led by …

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Permanent link to this article: http://atxre.com/quarter-4-2013-austin-retail-market-update/

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 15

Q4 2013 Austin Apartment Market update

Hendricks Berkadia logo

Rental demand for apartments in Austin soared in 2013 according to a recent report by Hendricks-Berkadia Apartment Real Estate Advisors. Highlights from the report include: 6,240 apartments were absorbed in 2013 up from 3,350 units in 2012. US Hwy 183 / Cedar Park / Leander corridor and the Far South submarkets lead the way in …

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Permanent link to this article: http://atxre.com/q4-2013-austin-apartment-market-update/

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

SOLD – 6 Acres in Buda, TX to Fat Quarter Shop

Fat Quarter Shop

I recently sold 6 acres in Buda at the South Buda Business Park to Fat Quarter Shop.  The property is located at 2899 Business Park Drive in Buda, Texas. Fat Quarter Shop is an online seller of quilting fabrics. Their plans have not been finalized but they will be expanding their footprint by building a …

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Permanent link to this article: http://atxre.com/sold-6-acres-in-buda-tx-to-fat-quarter-shop/

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 12

Commercial Real Estate (CRE) Prices on the Rise

Great article from Texas economist, Dr. Mark Dotzour with the Texas A&M Real Estate Center. Dr. Dotzour does a great job of providing a status report regard CRE pricing and the tightening of money due to the credit market.  Key points include: New construction has been slowed by the tight credit market in the U.S. …

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Permanent link to this article: http://atxre.com/commercial-real-estate-cre-prices-on-the-rise/

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