Category: Austin Commercial Real Estate

Austin, Texas Commercial Real Estate

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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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