Category: Austin Commercial Real Estate

Austin, Texas Commercial Real Estate

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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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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Over 25% of Austin schools are top Rated

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 …

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Q1 2019 Austin Industrial Market Report

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 …

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The Evolution of the Austin Skyline

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 …

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Q1 2019 Austin Office Market Update

Austin Skyline

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 …

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What size apartment can I afford on my income?

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 …

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SOLD – East Austin Investment Properties For Sale

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 …

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2019 Austin Office Development

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 …

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Austin Commercial Real Estate Vacancy and Rent

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 …

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Austin Renters Getting Older

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%. …

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Commercial Vacancy and Rent Forecast 2019

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 …

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LEASED – 3901 S. Lamar, Office Space For Lease

1,633 SF Office Space For Lease on South Lamar Available 6/3/19 Rare opportunity, building stays 100% leased. Don’t Wait. Just south of downtown. Vibrant South Lamar scene. On site management. On site US Postal, UPS, Fed Ex and Lonestar Overnight. Pristinely maintained. $25/SF Rent + NNN.

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LEASED – 11525 Manchaca

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. …

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Affordability Unlocked moves forward to May 9th Vote

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 …

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Q4 2018 Austin Industrial Market

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 …

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Austin in top 20 high income Apartment Renters

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 …

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2018 Austin Office Market

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 …

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Looking for Central Texas Apartment Land

Buyer: Several National Apartment Builders / Developers Looking For: 12-20 Acres.Prefer Water and Wastewater to site, but not necessary.Prefer MF zoning, but not necessary. Proposed Use: Apartments Location: Central Texas. From Leander to Austin to Buda. Email property for Buyer’s consideration to: mark@matexas.com

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36,000 SF Warehouse with Office for Sublease, Austin NE Submarket

For Lease

Date: 1/1/19 Address: Google Map Link to 3813 A Helios Way Pflugerville, TX Sublease: For Sublease Term: 12/31/21 for 18,000 SF Warehouse with Office 4/30/22 for 14,040 SF Warehouse with 3,960 SF Office Rate: $.60/SF/Month Rent+CAM (2018 estimated $.31/SF/Month) Location: NE Austin Market – SH 130 & E Pecan Street, Pflugerville, TX Adjacent to SH …

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Need Buda, TX Car Wash Site

Date: 1/7/19 Buyer: Experienced Austin area Car Wash operator. Would liketo expand into other Central TX markets. Looking For: Raw Land in area with good traffic. Proposed Use: 2 Bay, Automated Car Wash. DesiredLocation: Buda, Texas. Budget: Up to $400,000 Size: 1/2 to 1 Acre land with water, wastewater and zoningin place. Email property(ies) for …

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Buyer Looking for Value Add Investment Property

Date: 12/18/18 Buyer: Experienced Local Designer/Builder. Expertise with remodeling and repositioning properties in market place. Looking For: Multifamily, Office, Retail, Industrial, Value Add Opportunities. Proposed Use: Same or Repurposed Location: Central Texas including north to Georgetown, Kingsland, Marble Falls, and south to New Braunfels. Budget: Up to $4 million Capital: Investment group Other: Will also …

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Federal Interest Rates

A January 4, 2019 article posted on www.marketwatch.com indicates that an interest rate hike is likely forthcoming. Economists believe that the robust December 2018 jobs report will cause the Federal Reserve to raise interest rates in 2019. A total of 300,000+ jobs were added in December, far exceeding economists’ forecasts of a 182,000 gain. Prior …

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3rd Quarter 2018 Austin Office Market Data

Austin Skyline

During the third Quarter of 2018, the Austin Office Market performed as follows: 448,000 SF of office space was absorbed.  Class A absorption accounted for 336,000 of the total.  However, year to date absorption remains at negative 230,000 SF. Vacancy is at 11.5%, down from 12.2% in the second quarter.  The decrease in vacancy has …

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A Guide to Mortgage Refinancing

U.S. News and World Report provides a number of great resources for those considering refinancing their mortgage. Here are the links to some great mortgage literacy resources. How Mortgage Refinancing Works Reasons to Refinance a Mortgage Before you Refinance your Mortgage The Mortgage Refinancing Process Click Here For more helpful resources.  Austin Real Estate and …

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Lockhart Warehouse Office For Lease

Lockhart Warehouse Office

Lockhart Warehouse For Lease Address:  10545 S US Highway 183, Lockhart, TX 78644 Building:  7,475 SF Total.  2,100 SF Office, 5,375 Warehouse. Rent:  $6,000/month + $869 NNN Electrical:  3 Phase, 1200 Amp service.  Overhead drops. Executive Office Suite. Pristine condition.

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Commercial Leasing Cost to Hire a Broker

Bethany Perez with AQUILA Commercial does a very good job with this blog post of explaining Commercial Leasing and its cost.  Here’s a link => Cost to Hire a Commercial Project Leasing Broker Highlights of the article include: Upfront costs for hiring a broker How brokerage fees are structured What standard brokerage fees are How …

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AHV, Single Family Rental Communities in Central Texas

Formed in 2013, AHV Communities develop, build and operate single family rental communities. AHV Communities’ concept is simple – single family rental living.  In their communities you rent the home instead of purchasing.  AHV owns, manages, maintains and operates the community. Residents live in single family homes with amenities that are typically only found in …

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Kyle Texas Pad Sites For Sale

Hays Commerce Center For Sale

Retail pad sites for sale in Hays Commerce Center, Kyle, Texas. Kyle Texas pad sites for sale on the I-35 frontage Road north of Kyle Crossing (where Home Depot currently operates).  Traveling southbound on I-35 these pad sites are located closer to I-35 exit and before Kyle Town Center, the project Endeavor Real Estate is …

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Anderson Mill Rd Land Sold to Travis County

Anderson Mill Land Sold

Recently Jimbo Cotton and myself sold a 17.5 acre parcel at 12419 Anderson Mill Rd to Travis County.  It’s our understanding that the land will be added to the County’s land preserve.  The property is to the west of RR 620 in NW Travis County. On the other side of the adjacent parcel is land …

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