Austin, Texas Commercial Real Estate
Feb 07
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 …
Permanent link to this article: https://atxre.com/austin-office-market-finishes-2019-strong/
Jan 03
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 …
Permanent link to this article: https://atxre.com/austin-area-home-sales-breaking-records/
Dec 05
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 …
Permanent link to this article: https://atxre.com/austin-named-comptias-top-2019-tech-town/
Oct 25
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 …
Permanent link to this article: https://atxre.com/third-quarter-2019-austin-office-market/
Oct 18
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 …
Permanent link to this article: https://atxre.com/austin-home-sales-setting-records/
Oct 04
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 …
Permanent link to this article: https://atxre.com/austin-retail-market-update/
Sep 27
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 …
Permanent link to this article: https://atxre.com/for-sale-3200-steck-ave-suite-200/
Sep 20
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 …
Permanent link to this article: https://atxre.com/austin-forecasted-as-best-city-for-2020-real-estate-investment/
Sep 06
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 …
Permanent link to this article: https://atxre.com/2019-austin-apartment-construction/
Aug 30
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% …
Permanent link to this article: https://atxre.com/july-austin-home-sales-break-record/
Aug 16
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 …
Permanent link to this article: https://atxre.com/texas-condominium-and-townhome-sales-drop-from-2018-2019/
Aug 02
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 …
Permanent link to this article: https://atxre.com/q2-2019-austin-office-market/
Jul 25
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 …
Permanent link to this article: https://atxre.com/austin-board-realtors-june-market-report/
Jul 18
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 …
Permanent link to this article: https://atxre.com/for-sale-shops-at-279-leander-tx/
Jul 09
Where to rent to be near top rated elementary and middle schools Austin boasts 28% of the total number of elementary and middle schools as highly rated according to GreatSchools.org. Highly rated is defined as a rating of 8 or higher by the website. For comparison’s sake on a national level only two other cities …
Permanent link to this article: https://atxre.com/rent-opportunities-near-top-schools-in-austin-abound/
May 17
Asking rates for Industrial property rent are at a historical high according to CBRE’s first quarter Austin market report. $10.79 per square foot per year is the new high water mark driven mostly by Class A Flex space. In addition: Absorption totaled 470,000 square feet Vacancy increased to 10.6% (primarily due to the delivery of …
Permanent link to this article: https://atxre.com/q1-2019-austin-industrial-market-report/
May 10
Video of Downtown Austin Evolution CommercialCafe has put together a very cool video of the evolution of the downtown Austin skyline. Click this link to view => CommercialCafe.com Video of Downtown Austin Evolution The video focuses chronologically on buildings that rose 200 feet or taller, starting with the State Capitol Building. Interesting tidbits related to …
Permanent link to this article: https://atxre.com/the-evolution-of-the-austin-skyline/
May 02
Office Rent Sets Record High Office rents in the first quarter of 2019 have hit a record high at $41.83 per square foot per year for Class A according to Cushman & Wakefield and as reported by the Statesman recently. Local brokers are expecting the market to remain strong with continued job growth anticipated for …
Permanent link to this article: https://atxre.com/q1-2019-austin-office-market-update/
Apr 26
Ever wondered how much apartment you can afford if you are making the median income in a large U.S. City? If you make the median income in Austin, Texas you should be able to afford a 751 square foot apartment and expect to pay about $1,369 according to new data from Yardimatrix. Focusing only on …
Permanent link to this article: https://atxre.com/how-big-an-apartment-can-i-afford-on-my-income/
Apr 22
I recently listed three (3) properties in East Austin that were previously single family rent homes. They are all in need of some TLC but are great investment properties. The activity for these properties has been amazing and I can confirm first hand that the East Austin single family market is hot! The first (pictured …
Permanent link to this article: https://atxre.com/east-austin-investment-properties-for-sale/
Apr 12
Austin #11 in U.S. for new office development in 2019 Austin barely missed the top ten in new office development for 2019 with a #11 projected finish. 3.2 million square feet from 21 different projects makeup the Austin number. Oracle Phase II is the biggest office project expected to deliver this year at 420,000 square …
Permanent link to this article: https://atxre.com/2019-austin-office-development/
Mar 29
Commercial Real Estate Projected Vacancy and Changes in Rent The Texas A&M Real Estate Center has started providing more content for Commercial Real Estate markets in Texas that is very helpful to those of us following the Commercial Real Estate Markets. This graphic for our Austin market shows that we are below the natural vacancy …
Permanent link to this article: https://atxre.com/austin-commercial-real-estate-project-vacancy-and-rent/
Mar 15
Renters over 60 years old have increased by 43% in the last 10 years In the last decade the average age of household renters has increased across all age groups. Renters aged 60+ increased by 43% in the last decade. Renters aged 35 to 59 grew by 17%. Renters aged under 35 increased by 7%. …
Permanent link to this article: https://atxre.com/austin-renters-getting-older/
Mar 08
Austin Office, Retail, and Warehouse in 2019 OFFICE – Actual vacancy has been around 9% since 2015. For 2019 its forecasted at 9.4%. With natural vacancy at 13%, rents are expected to continue to rise, with a projected 2019 increase of 2%. RETAIL – Actual vacancy is at 4% in Q4 2018 with natural vacancy …
Permanent link to this article: https://atxre.com/commercial-vacancy-rent-forecast-2019/
Permanent link to this article: https://atxre.com/3901-s-lamar-office-space-for-lease/
Feb 26
1,564 square feet of Office / Retail For Lease Available space on end cap of this Retail Center. Former State Farm Insurance location. Appropriate for Retail or Office. $19.50/SF/Year in Rent + NNN. Highly visible with 150′ of Manchaca Rd frontage. Drive by traffic estimated at +15,000/daily Metal roof with limestone and wood front elevation. …
Permanent link to this article: https://atxre.com/11525-manchaca-for-lease/
Feb 22
Affordable Housing Proposal receives initial approval Austin City Council has initially approved a program that would allow an increase in affordable housing development by relaxing regulations for properties that meet certain criteria. District 4 Council Member Greg Casar introduced the plan earlier this month. “Our city’s potential to build more affordable housing for families is …
Permanent link to this article: https://atxre.com/affordability-unlocked-moves-forward-to-may-9th-vote/
Feb 15
Q4 2018 Austin Industrial Market The fourth quarter of 2018 ended on a high note for the Austin area Industrial market. Annual market absorption was 1.7 million + square feet and vacancy fell to 9.4%. Similar absorption levels have not been seen since 2012. Over 2 million square feet remains under construction with the fourth …
Permanent link to this article: https://atxre.com/q4-2018-austin-industrial-market/
Feb 08
High Income Austin Renters Austin is number 19 in the U.S. in the category of high income earners that rent in lieu of home ownership. The news comes from RentCafe and a recent article, High Income Renters Study . High income earners are defined as $150,000 + annually. Locally the number of high income households …
Permanent link to this article: https://atxre.com/austin-in-top-20-high-income-apartment-renters/
Feb 01
2018 Austin Office Market Update 2018 ended with a bang for the Austin Texas office market. For the fifth consecutive year, Austin absorbed more than one million square feet. 500,000 additional SF were added in the fourth quarter of 2018 bringing the total office under construction to 4,913,727 SF. The average full service asking rate …
Permanent link to this article: https://atxre.com/2018-austin-office-market/
Commercial Broker Associate
McAllister & Associates
Real Estate Services
O: 512.486.3737
C: 512.970.8359
mark@matexas.com
3901 South Lamar,Ste 100
Austin, Texas 78704
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