Category: Austin Commercial Real Estate

Austin, Texas Commercial Real Estate

How bad commercial space can slow down your company’s growth

Running a successful business means there is always growth, whether it is company expansion or financial gain. However, many factors influence how prosperous the business will be, and nothing is more important than the quality of corporate space. Often, this aspect is put aside and underestimated, but employee productivity depends on how comfortable they are …

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How to choose the perfect location for your business in Austin

How to choose the perfect location for your business in Austin   Considering how Austin is one of the best places for startups in the US, it comes as no surprise that many small and medium-sized businesses are rushing to establish their premises here. However, many critical factors should be taken into account if you want …

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Why businesses are moving to Austin

Austin has been growing for a while. Nowadays, plenty of companies from other states are moving here. And with them, thousands of people are coming as well. This is an excellent boost for the city and the Lone Star State. But why is this happening? If you’re wondering why businesses are moving to Austin, keep …

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Moving out of the Pandemic and Back to Work

Moving Out of the Pandemic and Back Into Your Profession The pandemic waylaid plans for many up-and-coming entrepreneurs. Although the ground remains a bit shaky, now is still a good time to start a business. Here are a few reasons why, as well as ways you can make the most out of the world in …

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Why Austin is tops for startups

Why Austin is the top place for startups Austin, Texas, has seen a large influx of tech workers and startup companies. It’s not just newly founded companies that are heading to Austin. Tech giant Elon Musk has stirred up quite the buzz regarding his announcement that he is relocating to Texas. In this article, we …

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Important questions to ask before investing in commercial real estate

GUEST AUTHOR,  Jake Dober Important questions to ask before investing in commercial real estate Whether it is for running your business or renting out, investing in commercial real estate can be a great idea. But, as with most things related to real estate, you need to tackle it with proper care. To help you out, …

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Austin Ranked Among the 50 Priciest U.S. Office Markets in Q4 2020

In January 2020, The Statesman noted that Austin had concluded the final quarter of 2019 riding high and the office market was looking at optimistic forecasts for 2020. The city had, indeed, been seeing one of the fastest metropolitan growths in the country. In 2020, Austin office space has attracted big-name relocations and footprint expansions, …

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How much does it cost to lease office space in Austin?

It is widely known that Austin, Texas, is becoming a prominent city in the financial world. Accordingly, various start-ups, new companies, and established ones on the rise are moving their offices to Austin’s financial district. With investment advisors, tax consultants, law firms, insurance agencies, and entrepreneurs, Austin’s business district is becoming a financial Mecca. It …

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Commercial real estate trends to watch in 2021 – A National Perspective

Commercial real estate trends to watch in 2021, Courtesy of Author, Mark Ortega Commercial real estate trends to watch in 2021 will largely be the aftermath of the all-encompassing, show-stopping influence of the Covid-19 pandemic that has turned not only the national but also the global real estate market ‘upside down’ in 2020. Leasing and …

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Commercial Real Estate FAQs: 13 Resources for Getting Started

Investing is an attractive prospect for many business professionals who are interested in real estate. But breaking into commercial real estate can seem daunting, especially if you haven’t dabbled in any type of real estate before. For an introduction to everything you need to know about commercial RE development, check out these FAQs from ATX …

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Austin Retail Slowly Showing Signs of Stabilizing in Q4 2020

Absorption in retail continued its slide registering a negative 162,000 SF in the fourth quarter of 2020. Occupancy remains steady at 95%. Average asking rent increased from $20.25 to $20.50/SF quarter over quarter. Projects under construction increased by 100,000 SF + in Q4 with some 161,000 SF of new construction coming online in Q3 of …

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National October Office Report from CommercialEdge with focus on Austin

Austin and Dallas are currently the only two major markets with positive office using employment growth year over year. These markets have however seen available sublease space increase significantly since April. The asking Average Full Service Listing rate for Austin was $42.63/SF/Year as compared to the National average of $38.11/SF/Year The asking Average Full Listing …

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Tips on choosing the right office space for your Austin-based business

Tips on choosing the right office space for your Austin-based business Going through the overwhelming process of choosing the right office space for your Austin-based business can be challenging. With the COVID-19 outbreak affecting the real estate market, there is no room for error. With that in mind, let’s see how to make an informed …

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For Sale, Highway 71 East, 36 acre and 9 acre parcel, 14 miles east of Austin Airport and Tesla

Highway 71 East in Cedar Creek, TX (14 miles east of Tesla and the Austin Airport). Two sites, One site is 36 acres, and other is 9 acres. Each with Hwy 71 East Frontage. Jurisdiction:  Bastrop ETJ Waste Water: Corex is currently located 1600’ west of the 36 acre parcel Water: Aqua Water along property …

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Office and Retail fundamentals down, Industrial Up in Q3 2020 Austin Market Report

Office and Retail decline while Industrial posts positive demand The Industrial market continues its surprised demand with distribution space driving the market to its 25th consecutive quarter of positive new demand. Net absorption increased to 696,000 SF Average asking rates increased to $9.88/SF Vacancy dropped to 9.7% 1.34 million SF of new construction continues forward. …

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Finding employment in Austin TX – professional advice

Article courtesy of Betty White, betty@movingofficessandiego.com Finding employment in Austin, TX, can be overwhelming, but the options are ample. The city has a reputation as one of the best places to live in the US. The job market is strong, and the business environment is progressive and entrepreneurial. Several tech companies have more than 5,000 …

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Austin leads country in new apartment deliveries through first half of 2020

Nationally apartment construction is at 5 year low, down 12% from 2019 Texas cities are the most active in apartment completion to date in 2020 Austin is leading this category nationwide Texas dominates with three more cities – Houston, Dallas, and Farmers Branch The Austin metro is fifth from the top for new construction projected …

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Q2 2020 Austin Office Market

Austin Office Market

Austin Sublease Space on the Rise Subleases in the Austin Office Market have skyrocketed with companies including Parsley Energy and GoDaddy listing over 100,000 square feet each. Sublease inventory is up 40% since the first of April, 2020. The number of subleases has more than doubled when comparing year over year. Despite the rise in …

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1617 A, W. 6th St, Austin, TX For Lease

1617 W 6th St ATX

Office For Lease 1617 A, W. 6th St, Austin, Texas 78703 1,464 SF $32/SF/Year Rent + NNN Date Available: 9/1/20 Lease Term: 3 + years Great location. Just west of downtown. Close to Vibrant downtown scene. 4 offices, 1 Conference Rm, 1 Restroom, 4 reserved parking spaces + common, 1 Kitchen, 1 Reception, . Call …

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Republic Drive, Kyle, Texas, 26 Acres For Sale

Kyle Warehouse Development Site

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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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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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.

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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

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Great Income Producing Property, Contractor or Service Provider For Sale at 2819 N. Bagdad, (address is formerly 4150 CR 279) Leander, TX

Main House

Asking Price: $1,400,000 Address: 2819 North Bagdad Rd also known as 4150 CR 279 4.07 Acres +/- 11,451 SF of Building Improvements 2 Houses for use as Office and 1 Bedroom Apt (4,775 SF) Swimming Pool with beautiful grounds / would work for Wedding Venue. 2 large garages, a workshop building, 2 storage containers (6,676 …

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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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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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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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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.

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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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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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