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News
Marc Vanderslice Helps PeopleAdmin Find New Space
01.26.12 - Marc Vanderslice, Co-Managing partner of HPI Corporate Services, helps PeopleAdmin find space. Read the Austin Business Journal article here: http://www.bizjournals.com/austin/blog/real-estate/2012/01/peopleadmin-doubles-staff-office-space.html?s=newsletter&ed=2012-01-26&ana=e_aus_real
Statesman - 2011 Top Places to Work
11.17.11 - Today the Austin American-Statesman released its annual survey of the Top Places to Work in Austin. HPI is proud to announce that we placed 11th out of 40 companies in the small business category. A huge thank you goes out to our employees for proving HPI is still a great place to work. Click the link below to read about HPI and to see the rest of the rankings. Austin American-Statesman
Q3 2011 Feature Article - Introducing HPI Residential
11.04.11 - As we all know too well, there has been many less than ideal changes in the real estate market over the past couple of years. Many segments of the market continue to lag far behind levels we grew accustomed to just a few years ago. Single family housing is suffering and will continue to do so for some time before it rebounds. Retail leasing and development are still lacking, with small signs of improvement. Office and industrial leasing is beginning to pick up significantly with many new jobs being created thanks to relocations to the Austin area. Despite the small glimmers of hope, we are still trailing far behind recent historical levels. Read more...
Q3 2011 Austin Industrial Landlord Outlook
11.04.11 - The Austin Industrial market saw another quarter with positive absorption during Q3 2011. Leasing velocity was down, relative to the first half of the year, but we still saw a quarter million square feet of space taken off the market. The overall vacancy rate inched down a half a percentage point to 18% and rental rates remained stable. Read more...
Q3 2011 Austin Industrial Tenant Outlook
11.04.11 - Slow to recover but steadily improving, the Industrial vacancy rate in Austin decreased to 12.2% for the 3rd quarter, down from 13.0% at the end of the second quarter. This decrease in vacancy was triggered by a few expansions of existing companies and a couple of large acquisitions. Far Northeast, North and Southeast continue to offer incentives in an attempt to attract Tenants, as these submarkets continue to have the highest vacancies. As vacancies decrease in some submarkets, Landlords are able to offer less free rent; however, they are not yet able to raise rates. There continues to be selected pockets within the Austin market that hold large amounts of available space for lease. Read more...