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/
Mar 01
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.
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/
Jan 22
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
Permanent link to this article: https://atxre.com/looking-for-central-texas-apartment-land/
Jan 21
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 …
Permanent link to this article: https://atxre.com/36000-sf-warehouse-with-office-for-sublease-austin-ne-submarket/
Jan 15
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 …
Permanent link to this article: https://atxre.com/need-buda-tx-car-wash-site/
Jan 08
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 …
Permanent link to this article: https://atxre.com/buyer-looking-for-value-add-investment-property/
Jan 04
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 …
Permanent link to this article: https://atxre.com/federal-interest-rates/
Nov 27
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 …
Permanent link to this article: https://atxre.com/3rd-quarter-2018-austin-office-market/
Jul 31
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 …
Permanent link to this article: https://atxre.com/mortgage-refinance/
Jul 31
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.
Permanent link to this article: https://atxre.com/lockhart-warehouse-for-lease/
May 16
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 …
Permanent link to this article: https://atxre.com/commercial-leasing-cost-to-hire-a-broker/
Apr 20
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 …
Permanent link to this article: https://atxre.com/ahv-single-family-rental-communities-in-central-texas/
Jan 03
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 …
Permanent link to this article: https://atxre.com/kyle-texas-pad-sites-for-sale/
Dec 04
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 …
Permanent link to this article: https://atxre.com/anderson-mill-rd-land-sold-travis-county/
Nov 20
South Buda Business Park Land Sold Out Recently I sold the last parcel of land (2.5 acres) at South Buda Business Park to Aces A/C Supply. With this purchase the seventy (70) acre commercial subdivision is sold out of land. Current occupants at the business park include Dynamic Systems, Capital Excavation, Fat Quarter Shop, Chamberlin …
Permanent link to this article: https://atxre.com/south-buda-business-park-land-sold-out/
Oct 03
Along with Greg Gaynor at Fokus Commercial, we recently helped a private investor client purchase a 4,300 SF retail center in South Austin at 11525 Manchaca Rd. Our client was looking for an Austin area income producing property to invest in. Despite the difficulty in finding quality investment property in the current Austin Commercial real …
Permanent link to this article: https://atxre.com/retail-center-purchased-at-11525-manchaca-south-austin-by-investor-client/
Sep 11
Click Here => Hurricane Harvey Housing Search Help RENTCafe and their parent company Yardi have put together the following to help with those looking for housing as a result of Hurricane Harvey. If you or someone you know needs help finding a home in the aftermath of #HurricaneHarvey, now you have direct access to available …
Permanent link to this article: https://atxre.com/hurricane-harvey-housing-search-assistance/
Aug 11
According to The Kiplinger Letter online, Federal regulators are considering increasing the commercial loan dollar amount that would trigger the need for an appraisal. Currently the loan amount is $250,000 or more and the proposed increase is to $400,000 or more requiring an appraisal. If approved this would be the first increase to this amount …
Permanent link to this article: https://atxre.com/federal-regulators-consider-increasing-commercial-loan-threshold-for-requiring-appraisals/
Jul 28
Austin’s Rental Market Sees a 37% Drop in Apartment Construction This Year Texas has the most metros in the Top 20, and we’re talking of course about the Fantastic Four: right on New York’s tail, Dallas-Fort Worth takes silver with almost 25,000 new units, Houston grabs 3rd place with approx. 18,000 apartments, while Austin and …
Permanent link to this article: https://atxre.com/austins-rental-market-sees-37-drop-apartment-construction-year/
Jul 20
Mark Pustka with McAllister & Associates recently sold an office property near Mueller. 1310 E 51st, an office building on about 1/2 acre that has long operated as the local headquarters for the Mechanical Contractors Association of Austin. A local, private investor purchased the property. The property’s asking price totaled $975,000. The Buyer’s plans have …
Permanent link to this article: https://atxre.com/office-property-near-mueller-sold/
Jul 13
Mark Pustka and Joe McAllister with McAllister & Associates recently sold a 13 acre affordable housing site in Austin. The parcel’s location is in the 7600 block of Old Manor Rd near Springdale Road in NE Austin. Rise Residential Development purchased the property and represented themselves in the transaction. They plan to construct a 264 …
Permanent link to this article: https://atxre.com/13-acre-affordable-housing-site-sold-ne-austin/
Dec 07
Austin Market Forecast 2017 The 2017 Urban Land Institutes’ Emerging Trends in Real Estate has been released. Austin sits atop their list of Markets to Watch. This annual report analyzes data gathered by surveys conducted by the Urban Land Institute. Categories examined by the report include Overall Real Estate Prospects for Investment and Development opportunities …
Permanent link to this article: https://atxre.com/2017-austin-market-forecast-urban-land-institute/
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| M a r k P u s t k a | |
| Commercial Broker Associate | |
| Information about Brokerage Services | |
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| email: mark@matexas.com | |
| Office: 512.486.3737
Cell: 512.970.8359 Fax: 512.383.3712 |
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| 3901 South Lamar, Ste 100 Austin, Texas 78704 | |
Follow @ATXREMarkPustka on twitter.
