Tag Archive: Economic Recovery

Apr 04

Austin Fastest Growing City according to CNN Money


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/

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/

Sep 26

Austin, TX the leader in National Economic Rankings … Again

austin employment

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/

Nov 27

Third Quarter 2012 Austin Office Market Report by Newmark Grubb Knight Frank

Newmark Grubb Knight Frank reports a .2% increase in vacancy rate (from 13.5 to 13.7%) for the first time since 2011 based upon new construction and a slowdown in lease velocity (net absorption down 14,192 SF) in 2012 .NGKF also reports average rent rates at a decade high level at $26.27/sf/year.

Permanent link to this article: http://atxre.com/third-quarter-2012-austin-office-market-report/

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/

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/

Jan 17

Austin #4 on Milken Institute’s List of 2011’s Best Performing Cities

milken logo

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

jim gaines

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/

Nov 03

Austin Industrial Market Report Quarter 3, 2011


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/

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/

Jan 06

Commercial Real Estate Sales Return to Normal


CRE Sales Deal Volume Returning to ‘Normal’ Levels Encouraged by Continued Improvement in General Economic Indicators, Investors Widening Their Geographic Parameters, Taking on More Risk By Mark Heschmeyer, CoStar.com January 5, 2011 If the third and fourth quarters of last year are any indication, then deal volume is returning to the commercial real estate investment …

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Permanent link to this article: http://atxre.com/commercial-real-estate-sales-return-to-normal/

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/

Dec 01

Austin is Highest Rated U.S. City for Economic Recovery


The Brookings Institute identifies Austin, Texas as #1 among U.S. Cities for its recovery from the nation’s economic woes.  Three main indicators were used in their analysis – Employment Growth, Per capita gross value added and Income per person. three main indicators between 1993 and 2010: employment growth, per-capita gross value added and income per …

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Permanent link to this article: http://atxre.com/austin-is-highest-rated-u-s-city-for-economic-recovery/

Oct 27

Austin, Texas CBRE Q3 2010 Office, Industrial, and Retail Market Reports

CB Richard Ellis 3Q 2010 Market Reports Austin, Texas Office Research 3Q 2010 Snapshot DOWNLOAD REPORT 3Q 2010 Marketview DOWNLOAD REPORT Industrial Research 3Q 2010 Snapshot DOWNLOAD REPORT 3Q 2010 Marketview DOWNLOAD REPORT Retail Research Fall 2010 Outlook DOWNLOAD REPORT

Permanent link to this article: http://atxre.com/austin-texas-cbre-q3-2010-office-industrial-and-retail-market-reports/

Oct 11

Austin Census Data 2009 Estimate – Education, Population, Income and Real Estate


Bob Roberts, Senior VP of Gracy Title, Austin, TX shared the following information from the U.S. Census. “Last week brought the release of 2009 estimates (before the release of the actual Decennial Census) from the U.S. Census Bureau’s American Community Survey (ACS). Here’s a sampling of findings from the 2009 ACS for the 5-county Austin …

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Permanent link to this article: http://atxre.com/austin-census-data-2009-estimate-education-population-income-and-real-estate/

Aug 25

Austin Named Best City for the Next Decade


Kiplinger magazine in their July edition produced a list of the “10 Best Cities for the Next Decade”.  Using criteria that included superlatives such as: “Places that specialize in out-of-the-box thinking,  with growth and growth potential, places where innovation works, where smart people and great ideas exist, and where collaboration with governments, universities and business …

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Permanent link to this article: http://atxre.com/austin-named-best-city-for-the-next-decade/

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 07

Dr. Mark Dotzour, "Four Land Mines" in path of Economic Recovery

Dr. Mark Dotzour, Chief Economist for the Real Estate Center at Texas A&M recently likened the U.S. Economic Recovery to an armored vehicle, well built, equipped and manned by talented operators.  But there are land mines to avoid as Dr. Dotzour explains. Land Mine number one is the budget crisis faced by states, cities and …

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Permanent link to this article: http://atxre.com/dr-mark-dotzour-four-land-mines-in-path-of-economic-recovery/

Jan 10

Austin New Home Construction Building Permits

bldg permit graph

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/

Jan 08

2010 National Real Estate Market Outlook

2010 Real Estate Outlook Real Estate Center @ Texas A&M University Dr. Jim Gaines, Research Economist Entering the second decade of the new century immediate economic prospects range from blurred to completely unclear.  The just ended, “Bubble Decade” generated enormous… Click here for more

Permanent link to this article: http://atxre.com/2010-national-real-estate-market-outlook/

Dec 16

2010 Austin Economic Forecast – Austin Chamber of Commerce, November 23, 2009

austin chamber logo

Recently the Austin Chamber of Commerce hosted Sam Stovall with S&P Equity Research to provide a forecast for Austin in 2010.  See below for more details… Austin Chamber of Commerce Annual Economic Forecast, Nov. 23rd, 2009 Sam Stovall, Chief Investment Strategist, S&P Equity Research Historical Truths on Decline & Advance –          Recent decline is the …

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Permanent link to this article: http://atxre.com/2010-austin-economic-forecast-austin-chamber-of-commerce-november-23-2009/

Dec 16

Dr. Mark Dotzour, Five Factors affecting Commercial Real Estate (CRE) Recovery

Dr. Mark Dotzour, Chief Economist at Texas A&M Real Estate Center recently noted five (5) key factors that could affect Commercial Real Estate in the near term.  He is one of the best at shooting straight, telling it like it is and he’s usually spot on with his analysis.  Read on… Five Factors Affecting CRE …

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Dec 03


Commercial Real Estate 101 ~ Part I PRICE / BID DISCONNECT Sales Volume Down Commercial Real Estate sales volume is down – way down.  According to Real Capital Analytics, a New York research firm who has been tracking commercial sales for almost a decade, sales and projections through the end of the year are at …

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

Nov 10

Austin Unemployment Holds Steady – September 2009

unemployment sept 09

The region’s unemployment rate remained unchanged at 7.2% for the month of September .  Although 7.2% unemployment is +4% higher than it was a year ago, it’s less than the national average for September which totalled 9.8% or the October national average which stands at 10.2%. The biggest job losses over the past year are in manufacturing (-11.5%), …

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Permanent link to this article: http://atxre.com/austin-unemployment-holds-steady-september-2009/

Nov 08

Q3 2010 Austin Economic Indicators

OFFICE Vacancy Avg. Rate Q2 09 21.3% $28.5 Q3 09 22% $27.9 Q308/Q309 +25% -7.8% Q209/Q309 +3.3% -2% INDUSTRIAL Vacancy R&D Mfg W/D Q2 09 18.8% $9.1/SF $5.0/SF $6.1/SF Q3 09 18.2% $8.8/SF $4.6/SF $5.9/SF Q308/Q309 +24.7% -9.5% -18.4% -7.23% Q209/Q309 -3.2% -3.5% -8.7% -3.6% RETAIL Vacancy Avg. Rental Rate Q4 08 6.9% $20.6 Q1 …

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Permanent link to this article: http://atxre.com/austin-economic-indicators/

Nov 08

Q3 2009 Austin Economic Indicators

OFFICE Vacancy Avg. Rate Q2 09 21.3% $28.5 Q3 09 22% $27.9 Q308/Q309 +25% -7.8% Q209/Q309 +3.3% -2% INDUSTRIAL Vacancy R&D Mfg W/D Q2 09 18.8% $9.1/SF $5.0/SF $6.1/SF Q3 09 18.2% $8.8/SF $4.6/SF $5.9/SF Q308/Q309 +24.7% -9.5% -18.4% -7.23% Q209/Q309 -3.2% -3.5% -8.7% -3.6% RETAIL Vacancy Avg. Rental Rate Q4 08 6.9% $20.6 Q1 …

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Permanent link to this article: http://atxre.com/austin-economic-indicators-2/

Oct 28

Reports of Economic Recovery – Premature?

personal savings rate

Recent reports signaling an Economic Recovery may be a bit premature according to Dr. Mark Dotzour, chief economist at the Real Estate Center at Texas A&M.  Three (3) issues need to be addressed before we are in recovery according to Dr. Dotzour.  The number one item is political – health care and the cap-and-trade issues …

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

Oct 16

Austin's Economy: Recession Over, Recovery Began in August


The recession is over in Austin, Texas according to the Adversity Index a tool created by msnbc and Moody’s Economy.com to measure and track the recession on both the State and Metro Area levels.  The index considers an area in “recovery” when the economy is growing from six months earlier.  Areas are judged to be …

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Permanent link to this article: http://atxre.com/austins-economy-recession-over-recovery-began-in-august/

Oct 09

Austin Economy, Summer 2009

Austin Unemployment

Economic  Indicators

Permanent link to this article: http://atxre.com/austin-texas-economic-indicators/

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