Category: Austin Commercial Real Estate

Austin, Texas Commercial Real Estate

2010 Austin Economic Forecast – Austin Chamber of Commerce, November 23, 2009

Recently the Austin Chamber of Commerce hosted Sam Stovall with S&P Equity Research to provide a forecast for Austin in 2010.  See below for more details… Austin Chamber of Commerce Annual Economic Forecast, Nov. 23rd, 2009 Sam Stovall, Chief Investment Strategist, S&P Equity Research Historical Truths on Decline & Advance –          Recent decline is the …

Continue reading

Permanent link to this article: https://atxre.com/2010-austin-economic-forecast-austin-chamber-of-commerce-november-23-2009/

Dr. Mark Dotzour, Five Factors affecting Commercial Real Estate (CRE) Recovery

Dr. Mark Dotzour, Chief Economist at Texas A&M Real Estate Center recently noted five (5) key factors that could affect Commercial Real Estate in the near term.  He is one of the best at shooting straight, telling it like it is and he’s usually spot on with his analysis.  Read on… Five Factors Affecting CRE …

Continue reading

Permanent link to this article: https://atxre.com/dr-mark-dotzour-five-factors-affecting-commercial-real-estate-cre/

TODAY'S COMMERCIAL REAL ESTATE MARKET

Commercial Real Estate 101 ~ Part I PRICE / BID DISCONNECT Sales Volume Down Commercial Real Estate sales volume is down – way down.  According to Real Capital Analytics, a New York research firm who has been tracking commercial sales for almost a decade, sales and projections through the end of the year are at …

Continue reading

Permanent link to this article: https://atxre.com/todays-commercial-real-estate-market/

Q3 2010 Austin Economic Indicators

OFFICE Vacancy Avg. Rate Q2 09 21.3% $28.5 Q3 09 22% $27.9 Q308/Q309 +25% -7.8% Q209/Q309 +3.3% -2% INDUSTRIAL Vacancy R&D Mfg W/D Q2 09 18.8% $9.1/SF $5.0/SF $6.1/SF Q3 09 18.2% $8.8/SF $4.6/SF $5.9/SF Q308/Q309 +24.7% -9.5% -18.4% -7.23% Q209/Q309 -3.2% -3.5% -8.7% -3.6% RETAIL Vacancy Avg. Rental Rate Q4 08 6.9% $20.6 Q1 …

Continue reading

Permanent link to this article: https://atxre.com/austin-economic-indicators/

Q3 2009 Austin Economic Indicators

OFFICE Vacancy Avg. Rate Q2 09 21.3% $28.5 Q3 09 22% $27.9 Q308/Q309 +25% -7.8% Q209/Q309 +3.3% -2% INDUSTRIAL Vacancy R&D Mfg W/D Q2 09 18.8% $9.1/SF $5.0/SF $6.1/SF Q3 09 18.2% $8.8/SF $4.6/SF $5.9/SF Q308/Q309 +24.7% -9.5% -18.4% -7.23% Q209/Q309 -3.2% -3.5% -8.7% -3.6% RETAIL Vacancy Avg. Rental Rate Q4 08 6.9% $20.6 Q1 …

Continue reading

Permanent link to this article: https://atxre.com/austin-economic-indicators-2/

Austin's Economy: Recession Over, Recovery Began in August

The recession is over in Austin, Texas according to the Adversity Index a tool created by msnbc and Moody’s Economy.com to measure and track the recession on both the State and Metro Area levels.  The index considers an area in “recovery” when the economy is growing from six months earlier.  Areas are judged to be …

Continue reading

Permanent link to this article: https://atxre.com/austins-economy-recession-over-recovery-began-in-august/

Quarter 3, 2009 Austin Office Market

Colliers Oxford is reporting that Quarter 3 office vacancies (Class A space) in Austin increased to 24.9% from 18.8%a year ago and 23.7% in Quarter 2. Average rent is down to $27.92 / square foot compared to $30.28 in the same quarter of 2008 and down as well from $28.49 the second quarter 2009 average. …

Continue reading

Permanent link to this article: https://atxre.com/quarter-3-2009-austin-office-market/

September 2009, Austin Real Estate Buzz…

Yes, the economy has slowed down the activity in the Greater Austin area but there’s still lots of news.  There are new subdivisions planned, industrial buildings in Round Rock being auctioned, plans for a new water park in Pflugerville, Sprouts Farmers Market moving into Round Rock, Eco Hotel in downtown Austin, a report that downtown …

Continue reading

Permanent link to this article: https://atxre.com/september-2009-austin-real-estate-buzz/

Poll ~ When will Austin Real Estate Recovery Begin?

[polldaddy poll= 1996753]

Permanent link to this article: https://atxre.com/poll-when-will-austin-real-estate-begin-recovery/

AUSTIN’S RETAIL MARKET, 2Q 09, CONTINUES TO POST GAINS – by Weitzman Group / Cencor

Weitzman / Cencor put together a very thorough mid year analysis of the Austin Retail Market. Read on … AUSTIN’S RETAIL MARKET CONTINUES TO POST GAINS Austin’s retail market at mid-year has experienced a drop in occupancy due to the pull-out of national retailers such as Circuit City and Sportsman’s Warehouse. However, the impact of …

Continue reading

Permanent link to this article: https://atxre.com/austin%e2%80%99s-retail-market-2q-09-continues-to-post-gains-by-weitzman-group-cencor/

Austin Commercial Real Estate Update – 2Q, 2009, by CBRE

CBRE does a really nice job with their market reports, which I’ve posted links to below. AUSTIN, TEXAS – 2ND QUARTER 2009 UPDATES 2009 Austin Market Outlook Office Market Under Construction and Recent Completions Map Office Market View Office Market Snap Shot Top Office Leases for 2008 Industrial Market Under Construction and Recent Completions Map …

Continue reading

Permanent link to this article: https://atxre.com/austin-commercial-real-estate-update-2q-2009-by-cbre/

Can Commercial Real Estate Sink the Economy? – Torto Wheaton Commercial Real Estate Research

September 4, 2009 Volume 10, Number 35 Can Commercial Real Estate Sink the Economy? Jon Southard, Principal, Director of Forecasting Now that it is clear to all that the economy has the ability to sink commercial real estate at any time, the converse is being asked with increasing frequency: whether commercial real estate can sink …

Continue reading

Permanent link to this article: https://atxre.com/can-commercial-real-estate-sink-the-economy-by-torto-wheaton-commercial-real-estate-research/

Commercial Real Estate Outlook – August 2009, National Association Realtors

The National Association of Realtors recently released their August 2009 Commercial Real Estate Outlook. Click Here to read the full report.

Permanent link to this article: https://atxre.com/commercial-real-estate-outlook-august-2009-national-association-realtors/

Austin Retail Quarter 2, 2009 – Occupancy Down only .05%

Considering where the local Real Estate Economy is compared to recent years and that retail typically struggles more than Office or Industrial properties during down times, it’s rather amazing that the local Retail Market is as healthy as it is. CENTRAL TEXAS COMMERCIAL REAL ESTATE Retail leasing market hangs tough during downturn Newcomers such as …

Continue reading

Permanent link to this article: https://atxre.com/austin-retail-quarter-2-2009-report-occupancy-down-only-05-compared-to-2009/

Austin Office Market Quarter 2, 2009 – Vacancies Rise

Grubb & Ellis, Q 2, 2009 Office Market Report Vacancy rates rose in Austin’s office market in the Second Quarter of 2009. Oxford Commercial reports that vacancy rates for Class A office averaged 23.7% in the second quarter, up from 16.6% a year ago.  Rents averaged $28.49/ square foot, down 5.8% compared to the same time last …

Continue reading

Permanent link to this article: https://atxre.com/austin-quarter-2-2009-office-vacancy-21/

Austin Industrial Real Estate Market, Second Quarter 2009 – Vacancies Up, Rates Down

Austin Industrial Real Estate Market Report – Oxford Commercial Friday, July 24, 2009 Industrial real estate market about more than warehouses Austin Business Journal – by Ron Losefsky Contributing Writer It might surprise you to learn that in Central Texas, industrial tenants include a wide range of users such as medical clinics, charter schools, nonprofits …

Continue reading

Permanent link to this article: https://atxre.com/2q-2009-austin-industrial-real-estate-market-report/

Commercial Real Estate Improvement Several Years Away

Dr. Dotzour shared a few more comments from his recent presentation in Fort Worth Texas to a group of Texas A&M Real Estate Professionals including: Commercial real estate uptick several years away Fort Worth Business Press BY ALESHIA HOWE August 10, 2009 “More and more I’m thinking it’s the right time to buy a house,” …

Continue reading

Permanent link to this article: https://atxre.com/commercial-real-estate-improvement-several-years-away/

Real Estate Recovery Still Down the Road

Real Estate Center Texas A&M

Dr. Mark Dotzour, Chief Economist at Texas A&M Real Estate Center recently spoke at the 2009 Society of Texas A&M Real Estate Professionals’ Annual Conference held at the Fort Worth Omni Hotel July 30 to Aug. 1. Dr. Dotzour shared the following outlook for Real Estate’s near term future. The industry should be prepared to …

Continue reading

Permanent link to this article: https://atxre.com/real-estate-recovery-still-down-the-road/

Trion World Network Signs 24K SF Austin Office Lease

Trion World Network recently signed a 24,000 square foot lease in NW Austin at the Avallon, located at Jollyville and Braker Ln. From their website Trion is self described as The publisher and developer of games and original entertainment for a connected world. We’ve assembled many of the most respected names in the industry—with the …

Continue reading

Permanent link to this article: https://atxre.com/trion-world-network-signs-24k-sf-austin-office-lease/

Commercial Real Estate's Future in Texas and U.S.

Commercial Real Estate’s Future Mark Dotzour, Chief Economist, Real Estate Center at Texas A&M June 12, 2009 COLLEGE STATION (Real Estate Center) – The Center’s chief economist recently spoke at the 2009 Houston Real Estate Roundtable, where he had much to say about the future of commercial real estate in Texas and the United States. …

Continue reading

Permanent link to this article: https://atxre.com/commercial-real-estates-future-mark-dotzour-real-estate-center-texas-am/

Austin #8 in Kiplingers Best Place to Live & Work

Kiplinger’s: 10 Best Places to Live and Work Where’s the best place to hide during this economic downturn? Kiplinger’s Personal Finance magazine evaluated U.S. cities for their growth potential, analyzing their ability to hold onto jobs even if the economy softens further. With assistance from Kevin Stolarick of Martin Prosperity Institute, the magazine concluded that …

Continue reading

Permanent link to this article: https://atxre.com/austin-8-in-kiplingers-best-place-to-live-work/

Valence Battery Plant Headed to Leander, 4,000 Jobs Forecasted

In big Economic Development news for the Austin area, Valence Technology a manufacturer of advanced batteries has announced plans to open a new manufacturing plant in Leander with a forecast of adding 4,000 jobs.  What does this mean for Austin Real Estate ?  Keep in mind job growth fuels new home construction which fuels the need …

Continue reading

Permanent link to this article: https://atxre.com/valence-battery-plant-headed-to-leander-4000-jobs-forecasted/

1st Quarter Austin Office Leasing

Office Market Trends Austin Grubb & Ellis Research First Quarter 2009 After three (3) consecutive quarters of positive net absorption, the Austin office leasing market went in the red for quarter 1 of 2009 giving back 158,281 square feet.  Rental rates declined and vacancy rates went up.  Overall vacancy rose to 20% for the first quarter, …

Continue reading

Permanent link to this article: https://atxre.com/1st-quarter-office-leasing/

1st Quarter Austin Retail Leasing

  Marcus & Millichap Real Estate Investment Brokerage Company Austin | 2009 Market Outlook  2009 Retail • 2009 NRI Rank: 10, Up 1 Place. Forecast household growth and only modest job cuts will support retail demand in Austin this year, allowing the market to move up one spot in the ranking. • Employment Forecast: Employers …

Continue reading

Permanent link to this article: https://atxre.com/1st-quarter-austin-retail-leasing/

1st Quarter Austin Industrial Leasing

Industrial Market Vacancy Rate

Industrial Market Trends Austin, Grubb & Ellis Research, First Quarter 2009 The Austin Industrial market gave back 592,379 square feet of Industrial lease space in the first quarter of 2009, marking consecutive quarters in the red and the sixth consecutive quarter with an increase in vacancy. Large spaces were vacated across a range of industries …

Continue reading

Permanent link to this article: https://atxre.com/1st-quarter-austin-industrial-leasing/

Moody's Economy.com March 2009 Report & the Austin Real Estate Market

This is consistent with other recent economic news and it’s good news despite the tenor of Mr. Friedman’s comments.  2010 is right around the corner and the steady improvement that will prelude a 2010 recovery means we should start to see improved economic news sooner (4th quarter 2009 perhaps) rather than later.  Edward Friedman,  Economy.com …

Continue reading

Permanent link to this article: https://atxre.com/moodys-economycom-march-2009-snapshot-of-austin-texas/

2008 Austin Real Estate Market in Review

Residential in Review Housing typically leads Real Estate Recovery with Commercial following. Here’s a look at the Fourth Quarter of 2008 as well as 2008 Totals to provide a glimpse at the Austin Residential Market. Residential – New Homes Residential Strategies, Wednesday, December 31, 2008 Press Release New Home Starts 4Q08 – Builders started 1,459 …

Continue reading

Permanent link to this article: https://atxre.com/2008-austin-real-estate-market-in-review/

Q1, 2009 Austin Industrial Market

AUSTIN INDUSTRIAL MARKET Industrial Market Trends Austin, Grubb & Ellis Research, First Quarter 2009 The Austin Industrial market gave back 592,379 square feet of Industrial lease space in the first quarter of 2009, marking consecutive quarters in the red and the sixth consecutive quarter with an increase in vacancy. Large spaces were vacated across a …

Continue reading

Permanent link to this article: https://atxre.com/q1-2009-austin-industrial-market/

First Quarter 2009 Austin Office Market

AUSTIN OFFICE MARKET Office Market Trends Austin Grubb & Ellis Research First Quarter 2009 After three (3) consecutive quarters of positive net absorption, the Austin office leasing market went in the red for quarter 1 of 2009 giving back 158,281 square feet.  Rental rates declined and vacancy rates went up.  Overall vacancy rose to 20% for …

Continue reading

Permanent link to this article: https://atxre.com/3163/