Category: Austin Commercial Real Estate

Austin, Texas Commercial Real Estate

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.

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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 …

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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 …

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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 …

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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,” …

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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 …

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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 …

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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. …

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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 …

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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 …

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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, …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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