Tag Archive: Commercial Real Estate

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 03

Austin Site Search for Concrete Contractor

Concrete Sidewalk Pour

Austin Site Search for Concrete Contractor PROPERTY FOUND AND UNDER CONTRACT Client:  Concrete Subcontractor Need:  Five (5) to ten (10) acres with stabilized base, concrete or asphalt pavement.  Building square footage for offices and some storage.  Will consider raw land purchase and then constructing improvements. Utilities:  Need water and electricity at minimum.  Gravity waste water …

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Permanent link to this article: http://atxre.com/austin-site-search-for-concrete-contractor/

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 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/

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 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/

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 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/

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/

Oct 16

Austin Industrial Real Estate Market Tightens Up

Jan Buchholz with the Austin Business Journal sums up the local industrial market pretty well with this quote from her 10/15/13 article on the lease up of Scottsdale Crossing in Cedar Park. The industrial market has grown very tight in Austin with few new developments constructed in the past five years. The third quarter vacancy …

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Permanent link to this article: http://atxre.com/austin-industrial-real-estate-market-tightens-up/

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/

Aug 16

Quarter 2, 2013 Austin Office Market Update

NAI Reoc Austin released their second quarter Austin Office Report August 9, 2013 and the Austin office market continues to sizzle. [important]Direct vacancy continues to go down currently at 12.3% compared to 13.2% last quarter and compared to 14.7% in the second quarter of 2012.[/important] With no new office space delivered in this quarter the …

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Permanent link to this article: http://atxre.com/quarter-2-2013-austin-office-market-update/

Jul 30

Sold! 3 Acre Site, Buda, TX on Main Street East

Building Elevation

227, 221 Drive (or Main Street East) in Buda, Texas sold recently to the wonderful folks at Ellis & Salazar.  Special thanks to Mark Milstead with NAI REOC Austin for his help in making this transaction a pleasure to work on.

Permanent link to this article: http://atxre.com/sold-3-acre-site-buda-tx-on-main-street-east/

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/

May 30

Quarter 1, 2012 Commercial Real Estate Market Report, Austin, Texas

CUSHMAN & WAKEFIELD Marketbeat Office Snapshot, Austin, TX Quarter 1 2012 Vacancy fell in the Austin office market for the 5th consecutive quarter, dating back to Q1 2011.  Overall vacancy is currently at 15.9%.  Overall vacancy in the local market has trended downward since 2009.  Average full service lease rate totals $25.54 / sf which …

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Permanent link to this article: http://atxre.com/quarter-1-2012-commercial-real-estate-market-report-austin-texas/

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 11

For Sale New Braunfels Neighborhood Retail Center

Commercial Real Estate 940 West San Antonio  

Permanent link to this article: http://atxre.com/for-sale-new-braunfels-neighborhood-retail-center/

Nov 03

Austin Office Market, Quarter 3, 2011

Logo

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

Logo

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/

Sep 29

Buying or Selling Land, a Lot or an Office, Retail, Industrial Site – Go Commercial!

Austin land

Does it matter whether you use a Commercial Realtor or a Residential Realtor when you are trying to buy or sell land (not talking farm/ranch) a subdivided lot or lots, or an Office / Retail / Industrial Site? Absolutely. Why?  Generally speaking Commercial Realtors better understand the economics of buying and selling land.  Residential Realtors …

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Permanent link to this article: http://atxre.com/buying-or-selling-land/

Sep 22

Violet Crown Shopping Center, Austin, Texas

Austin TX iconic shopping center

Showed my client, Ant’s Eye View a great office lease opportunity at Violet Crown Shopping Center.  Thad Avery bought and has renovated and updated this North Lamar jewel.  It’s got a great art deco feel to the center and a ’50’s funky vibe.  I hope to be working on a lease in the next few …

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Permanent link to this article: http://atxre.com/violet-crown-shopping-center-austin-texas/

Jun 14

Austin Real Estate Negotiating Tips

    When negotiating real estate deals in Austin its always a good idea to have a strategy for dealing with the other side.  Here are some Real Estate Negotiating Tips to follow. Focus on completing the sale.  Don’t get sidetracked by emotions, unimportant details, unforeseen challenges or difficult situations that arise. Endeavor to put …

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Permanent link to this article: http://atxre.com/real-estate-negotiating-tips-2/

Feb 22

Austin Multifamily Development Market Improving

GlobeSt.com Last Updated: February 18, 2011 01:25pm ET Photo courtesy of: Shiny Things Austin Ranks High for MF Development AUSTIN, TX-Of all commercial property sectors, multifamily is perhaps the only one that developers can get excited about today, and even then, there are only certain markets that can absorb new product. Local experts say Austin …

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Permanent link to this article: http://atxre.com/austin-multifamily-development-improving/

Feb 11

Austin Retail Market Improves in Q4 2010

Investors snapping up shopping centers Austin Business Journal – by Francisco Vara-Orta, ABJ Staff Date: Friday, February 4, 2011, 5:00am CST Austin’s retail market is the strongest of its kind in Texas, posting occupancy rates higher than larger metro areas. Texas is already championed as the state to lead the nation out of the recession, …

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Permanent link to this article: http://atxre.com/austin-retail-market-improves-in-q4-2010/

Jan 21

For Sale 4910 Hwy 290 West, Austin, TX 78735, Office Site

Permanent link to this article: http://atxre.com/for-sale-4910-hwy-290-west-austin-tx-78735-office-site/

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