News
Austin Industrial Tenant Outlook
07.02.10 - The commercial real estate market remains unstable and vacancy rate in the industrial market is 20%. The amount of troubled industrial assets appears to be limited at this point, compared to other property types. While they do exist, the number is not significant enough to cause values to fall much lower than the current numbers. Secondly, although vacancy is high right now, the good news is that new construction will be non-existent for quite sometime. This situation will bode well for the market as the economy continues to recover. Read more...
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Austin Office Tenant Outlook
06.30.10 - As 2010 reaches the halfway mark, signs are pointing to positive absorption as tenants are becoming increasingly comfortable with their business projections, making for happier tenants and landlords alike. Across the country, many local businesses seem to have shed the fear that paralyzed them in 2009. Many companies were so concerned about the economy in 2009 they were unwilling to relocate, plan an expansion or sign a long-term renewal. Read more...
Austin Office Landlord Outlook
06.30.10 - In the 2nd quarter, we finally started witnessing the foreclosure trend we've been anticipating. Several totally or mostly vacant buildings have been taken back by the banks. Frontera Vista, Aspen Lake, and Ladera Bend, all located in the NW submarket, are now in the bank's hands and Ladera Bend is being marketed for sale. This will represent Austin's first institutional quality "distressed" office sale and may likely set the market price for the value of similar buildings in town. It's likely we'll see more foreclosures in the second half of the year, especially in the NW submarket, especially if absorption rate continues its negative trend. Read more...
Austin Industrial Landlord Outlook
06.30.10 - The Austin industrial market continues to sputter despite Tenant's optimistic feelings about future growth. With the U.S. economy expanding at 3% and industrial production continuing to strengthen, most industrial users have a cautious but rosey outlook about domestic industrial growth. Mitigating this optimism, however, is the growing concern about the European debt crisis. With Greece and Hungary teetering on the brink of insolvency, not to mention the economic challenges facing Spain, Portugal and Ireland, many tenants that were poised to expand their workforces and increase production are reevaluating the current economic climate. Read more...