Tag: Multifamily

Q1 2014 Austin Multifamily Report

Quarter 1, 2014 Austin Multifamily Report was recently released by CBRE and it continues to report good news for the Austin Texas market. The Austin multifamily market breaks down into 4 Classes – Class A, B, C, and D.  11% of the total units are in Class A, 28% of the units are in Class …

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Q1 2014 Austin Multifamily Update

Quarter 1, 2014 Austin Multifamily update provided by Austin Investor Interests LLC, Austin Multifamily Report reveals the following regarding the current Austin Multifamily market. 17,627 units are under construction Q1 2014 Occupancy rates are at 94%, down .85% from previous quarter Rental rates increased 1.44 % to average of $1.20/SF Rent in CBD averages $2.51/SF …

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Q4 2013 Austin Apartment Market update

Hendricks Berkadia logo

Rental demand for apartments in Austin soared in 2013 according to a recent report by Hendricks-Berkadia Apartment Real Estate Advisors. Highlights from the report include: 6,240 apartments were absorbed in 2013 up from 3,350 units in 2012. US Hwy 183 / Cedar Park / Leander corridor and the Far South submarkets lead the way in …

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Austin Texas 3rd Quarter Multifamily Update

Hendricks – Berkadia recently provided a market update for Quarter 3 2013 and is showing the following numbers. Inventory is up by 1,540 units in last 3 months. Year to date deliveries total 4,250 units, outpacing 2012’s 2,760 units. Net absorption totaled 1,690 units in quarter 3. Average asking rent increase by .9% to $1,026.

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227 221 Drive, Buda, Texas For Sale

Commercial Real Estate 227 221 Drive

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Transformation at 2717 South Lamar, Austin

Building Exterior

  Demolition crews are out tearing down buildings at 2717 South Lamar where the old Austin Auto Machine Shop was located. The bright blue building seen in this photo is no longer there.     Here’s what’s going on today.  Most buildings are now gone.           Here’s what’s planned for the …

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Austin Economic Outlook looks Good

Author/source: Mark Sprague, Mission Mortgage of Texas, Inc. We wouldn’t change places with anyone.  The good news about the economy continues to be local! The Austin metropolitan area added 15,500 jobs, or + 2.0%, in the 12 months ending in August according to the latest release of preliminary payroll job numbers by the Texas Workforce Commission …

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Austin Apartment Market Report 2010

Apartment Realty Advisors (ARA) of Austin, does a great job of putting together market survey reports.  Here’s an excerpt from the report and you can click below to read the entire document. Austin is weathering the economic downturn better than most major metros. Thanks to a strong government presence, a buoyant technology field, and an …

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Commercial Real Estate Recovery to Continue in 2011

Grubb & Ellis Predicts Commercial Real Estate Leasing Recovery to Proceed in 2011, Investment Recovery to Continue Multi housing will recover fastest; office market will continue to lag without faster job growth SANTA ANA, Calif., Jan. 3, 2011 /PRNewswire/ — Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today …

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Austin, Texas Q4, 2010 Multifamily Market Summary

Executive Summary of Quarter 4, 2010 Austin Texas Multifamily Market (Marcus & Millichap, Apartment Research Market Update, Austin Metro Area, Fourth Quarter 2010) OCCUPANCY / RENT Vacancy fell to 8% in Q3 2010 a year over year decrease of 270 basis points.  Over the past 6 months vacancy has been reduced by 190 basis points. …

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