Category Archive: Austin Commercial Real Estate

Austin, Texas Commercial Real Estate

Jul 17

Republic Drive, Kyle, Texas, 26 Acres For Sale

Kyle Business Park Preliminary Plat

26 Acres For Sale, Kyle, TX. Can accommodate single user or 16 lot warehouse subdivision 25.98 Acres Warehouse Zoning All Utilities at Site Single user, Campus Opportunity Or 16 lot, preliminary platted, warehouse subdivision lots Asking Price: $4,245,000 or $3.75/SF Access: North bound Exit #215 off I-35 to Beebee Rd to Republic Dr. South bound …

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Permanent link to this article: https://atxre.com/republic-drive-kyle-texas-26-acres-for-sale/

Jul 16

Austin MSA June Home Sales Rebound

Austin Housing 2020

Year over year home statistics in the Austin MSA improved in June. Median Sales Price up to $340,000, up 4%. Closed sales at 3,969 are an increase of 9%, which helped hold sales to only a 5.2 % decline during the first half of the year. Homes were on the market for 4 fewer days, …

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Permanent link to this article: https://atxre.com/austin-msa-june-home-sales-rebound/

Jul 13

Time for a Residential Mortgage Refinance?

Information provided by Craig Trinidad, Loan Officer with Synergy One Lending. cell: (512) 426-9641 email: ctrinidad@s1l.com If you haven’t reviewed your current mortgage within the last year, considering a refinance could save you thousands, perhaps tens of thousands, of dollars.  I’ve been helping many people refinance and get a lower monthly payment, shorten the term …

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Permanent link to this article: https://atxre.com/time-for-a-residential-mortgage-refinance/

Jun 25

Austin Metropolitan Statistical Area (MSA) Housing Update

Austin MSA Single Family Residential graphics courtesy Independence Title Company, data by Texas A&M Real Estate Center.

Permanent link to this article: https://atxre.com/austin-metropolitan-statistical-area-msa-housing-update/

Jun 24

Tips for Showing Your Home Safely and Successfully During the Pandemic

Article Courtesy of Shirley Martin, Tidylifetoday.com, shirley@tidylifetoday.com Selling your property always comes with a few challenges, but COVID-19 has complicated things even further. However, that doesn’t mean it’s impossible to sell your home and keep everyone safe in the process. Below, learn about the steps you’ll want to take when preparing, listing, and showing your …

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Permanent link to this article: https://atxre.com/tips-for-showing-your-home-safely-and-successfully-during-the-pandemic/

Jun 17

Real Estate Center at Texas A&M projects impact of COVID on 2020 Commercial Real Estate

Information above courtesy of Texas Quarterly Commercial Report Texas A&M Real Estate Center – Click Here for Link to Entire Report

Permanent link to this article: https://atxre.com/real-estate-center-at-texas-am-projects-impact-of-covid-on-2020-commercial-real-estate/

Jun 05

For Sale, Homes and Warehouses, on 4 Acres, Leander, TX

Great property to run business from Asking Price: $1,500,000 Address: 2819 North Bagdad Rd also known as 4150 CR 279 4.07 Acres +/- 13,894 SF of Building Improvements 2 Houses for use as Office and 1 Bedroom Apt (4,775 SF) Multiple Storage Buildings (1,720 SF) Swimming Pool with beautiful grounds / would work for Wedding …

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Permanent link to this article: https://atxre.com/for-sale-homes-and-warehouses-on-4-acres-leander-tx/

Jun 04

South Lamar Office Space For Lease, Two (2) Suites

3901 S Lamar Suite

First Floor, Suite 150 Size: 1,262 SF Term: 3-5 Yrs Asking Rent: $26.00 /SF/YR NNN: $13/SF/YR Use: Office Full Build-Out Available Now See Floor Plan Below 11’6″ Finished Ceilings Space is in Excellent Condition Fully Carpeted After Hours HVAC Available Third Floor, Suite 310 Size: 2,059 SF Term: 3-5 Yrs Rental Rate: $26.00 /SF/YR NNN: …

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Permanent link to this article: https://atxre.com/s-lamar-office-space-for-lease-two-2-suites/

May 22

April Home Sales in Austin impacted by COVID-19

Compared to April 2019, residential sales across the five county Metropolitan Statistical Area declined by 22%. Sales dollar volume fell 18%. Active listings declined by 7%. Housing inventory stands at 2.1 months, .2 months less than last year. Median sales price increased 3.2% to $325,000. Homes were on the market 9 fewer days or on …

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Permanent link to this article: https://atxre.com/april-home-sales-in-austin-impacted-by-covid-19/

May 15

Austin Apartment Rent Falls with COVID 19 Outbreak

Rents dropped from March to April 1.2% which is in contrast to a year ago when rents jumped 5.7%. Occupancy was up .3% from March to April. Five apartment complexes in April had negative absorption – less units occupied than the previous month. An additional 4,500 apartments are expected to be delivered by years end. …

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Permanent link to this article: https://atxre.com/austin-apartment-rent-falls-with-covid-19-outbreak/

May 08

Q1 Austin Industrial Leasing down, Development Up

Asking rates fell $.24/SF to $9.56/SF Vacancy increased to 10.8% Absorption fell to 222,416 SF 423,919 SF came online Total average construction rose to 1.2 million SF Data courtesy of CBRE.

Permanent link to this article: https://atxre.com/q1-austin-industrial-leasing-down-development-up/

May 01

Q1 2020 Austin Office Market dips

Fundamentals have slowed when it comes to the first Quarter of 2020 Austin Office Market. Absorption increased to 600,000 + square feet. Triple net asking rates and OPEX costs caused the average asking rates to decline from $38.89/SF to $36.64 Quarter 1 2020 over Quarter 1 2019. Vacancy increased to 10.9%. Development remains strong with …

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Permanent link to this article: https://atxre.com/q1-2020-austin-office-market-dips/

Apr 22

Austin Housing Market Steady in March

Despite shelter in place orders from local government beginning on March 25th the local housing market remained strong. For the month residential sales were up 2.2 % year over year to 3,042 sales. The median price of homes increased from by 11.7% to $335,200. Monthly inventory dropped .7 months to 1.6 months (6-6.5 months of …

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Permanent link to this article: https://atxre.com/austin-housing-market-steady-in-march/

Apr 13

Even Busy Parents Can Become Property Staging Experts with These Cleaning Tips

Blog Post Courtesy of Kristin Louis. Email klouis@parentingwithkris.com for more practical tips or check out her website – Parenting with Kris Prepping a home for sale involves a lot of strategy and planning. For busy parents, it can be challenging to keep a property spotless and ready to show. However, there are shortcuts to maintaining …

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Apr 03

Austin Construction Crews back to work

Governor Abbott’s Tuesday Executive Order clears the way for contractors in Austin to get back on the job. Mayor Adler agreed late Thursday after initially banning construction in Austin on March 24th. The previous ban on construction by Austin was in contrast to other metro areas in the state where construction work was deemed essential. …

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Permanent link to this article: https://atxre.com/austin-construction-crews-back-to-work/

Feb 21

Industrial Development continues at record pace

A new development in Hays County has pushed the annual total of new construction in the Industrial sector to almost 1.9 million sf – an all time high. For past 3 years 5.4 million sf of new product has been delivered Over 1 million sf is currently under construction with 37% pre-leased. Citywide average asking …

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Permanent link to this article: https://atxre.com/industrial-development-continues-at-record-pace/

Feb 07

Austin Office Market Finishes 2019 Strong

ECONOMY – Austin job growth has continued to outpace national averages and our unemployment rate is one of the lowest in the country at 2.5% Major tech expansion included companies such as Facebook, Google, Amazon and Indeed. The growth trend is likely to continue as more companies look to expand their operations in Austin. CONSTRUCTION …

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Permanent link to this article: https://atxre.com/austin-office-market-finishes-2019-strong/

Jan 03

Austin area home sales breaking records

In December the Austin Board of Realtors released their monthly report and home prices and sales have hit another historic high. Based upon November sales numbers it appears that 2019 sales will surpass the total number of homes sold last year. Last month sales rose 4.5% to 670 sales totaling 30,561 sales. This is just …

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Permanent link to this article: https://atxre.com/austin-area-home-sales-breaking-records/

Dec 05

Austin named CompTIA’s top 2019 Tech Town

CompTIA recently completed their 2019 Annual Tech Town Index. In this index of metropolitan areas the following categories were examined to come up with their ranking. Where companies are hiring Estimated projected job growth Median annual salary Average cost of living Austin is the 2019 leader with Dallas, Texas the next Texas city at number …

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Permanent link to this article: https://atxre.com/austin-named-comptias-top-2019-tech-town/

Oct 25

Third Quarter 2019 Austin Office Market

RENT DOWN, VACANCY UP IN THIRD QUARTER OF 2019 Rent decreased and vacancy increased in the third quarter of 2019 Austin office market with a total of 1,250,402 square feet of negative net absorption registering in the Class A market.  Class B had 180,000 square feet of positive net absorption while Class C properties had …

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Permanent link to this article: https://atxre.com/third-quarter-2019-austin-office-market/

Oct 18

Austin Home Sales Setting Records

Home sales and median sales prices hit an all time high for the month of September according to a recent Austin Board of Realtors report.  In the Austin metro area, sales increased by 13.4% with 2,654 homes sold resulting in the busiest September ever.  The median sales price for September was $320,000, a 7% year …

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Permanent link to this article: https://atxre.com/austin-home-sales-setting-records/

Oct 04

Austin Retail Market Update

Retail development is booming in Austin metro area with 1.28 million square feet of new space under construction in the area. 890,000 of the total is located outside the city in the suburbs. Occupancy remains steady at 96% although the average asking rate has dropped to $20.50/square foot. Click here for more detail => Growth …

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Permanent link to this article: https://atxre.com/austin-retail-market-update/

Sep 27

UNDER CONTRACT – For Sale 3200 Steck Ave, Suite 200

Property Type: Office Condominium Address: 3200 Steck Avenue, Suite 200, Austin, TX 78757 Size: 3,882 square feet Asking Price: $931,680 No. Units: 1 Sale Type: Owner/User Floors: 3 Typical Floor Size: 11,583 square feet Parking Ratio: 4 / 1,000 square feet Location: One block east of Mopac at NE corner of Steck Avenue and Shoal …

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Sep 20

Austin forecasted as Best City for 2020 Real Estate Investment

PricewaterhouseCoopers and Urban Land Institute have released their annual real estate investment outlook and for 2020 Austin is projected as the tops in the U.S. This is an improvement over 2019’s #6 finish. In 2018 Austin ranked #2 and was number 1 in 2017. Details of the reasons for the ranking include: Apple Computers plan …

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Permanent link to this article: https://atxre.com/austin-forecasted-as-best-city-for-2020-real-estate-investment/

Sep 06

2019 Austin Apartment Construction

Over 10,000 apartments are estimated to be completed by the end of year in the Austin metro area. A 2.7% rise in population and continued job growth fueled this rise. Austin metro is 5th nationally for planned apartment construction. Last year 10,701 units were completed in the Austin metro area. The City of Austin leads …

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Permanent link to this article: https://atxre.com/2019-austin-apartment-construction/

Aug 30

July Austin Home Sales Break Record

Austin area home sales set a record for number of sales in July with an 11.7% year over year increase to 3,439 homes sold according to the Austin Board of Realtors. Sales in Austin remain flat due to limited inventory. The median price for homes rose by 3.2% to $325,000 Sales dollar volume increased 15.4% …

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Permanent link to this article: https://atxre.com/july-austin-home-sales-break-record/

Aug 16

Texas Condominium and Townhome Sales drop from 2018-2019

Sales down and inventory up Condominium and townhome sales fell from 2018-2019 in Texas according to a report released by Texas REALTORS. Condo sales are down 8% and townhome sales are down 3% in the last year. Tray Bates, chairman of Texas REALTORS notes that the lower price compared to single family homes, the decreased …

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Permanent link to this article: https://atxre.com/texas-condominium-and-townhome-sales-drop-from-2018-2019/

Aug 02

Q2 2019 Austin Office Market

Tech Companies Fuel Growth 528,811 square feet (sf) of positive net absorption Most absorption came from Class B buildings with 430,300 square feet of positive net absorption Q3 2019 is forecasted for Offices at Saltillo to deliver. Totals 150,000 sf and is 100% leased to Google. Biggest new construction delivery in Q2 was SXSW Center …

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Permanent link to this article: https://atxre.com/q2-2019-austin-office-market/

Jul 25

Austin Board Realtors June Market Report

Austin MSA outpaces City of Austin Single Family Sales During the first half of 2019 sales experienced strong growth in the Austin MSA but declined in the City of Austin. ABOR President Kevin Scanlan explained that the limited housing inventory (less than 2 months supply) in June and the increase in home prices combined to …

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Permanent link to this article: https://atxre.com/austin-board-realtors-june-market-report/

Jul 18

SOLD – Shops at 279, Leander, TX

Income Producing Office and Warehouse Property Available FOR SALE In the path of rapid growth in Leander, Texas. 4170 County Road 279, Leander, TX 78641 Asking Price: $2,500,000 Office: 7,000 square feet Warehouse: 14,280 square feet Acres: 10.03 Projected NOI: $200,000 GREAT USER / INVESTOR OPPORTUNITY Building 100.  3,000 SF Office, 1,440 SF Warehouse Building …

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Permanent link to this article: https://atxre.com/for-sale-shops-at-279-leander-tx/

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