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Old 06-18-2010, 08:29 PM
 
4 posts, read 8,998 times
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I'm looking to build a health business in Austin and will be looking to buy or lease a space in SW austin around Oak Hill. Can anyone tell me current trends in commercial real estate in that area - has it bottomed, still going down, on its way back?

Any speculation on what will happen to Austin commercial prices the next couple years?

I know it's like reading tea leaves, but any help from locals is appreciated.
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Old 06-28-2010, 10:15 PM
 
Location: Austin, Tx
316 posts, read 877,163 times
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Does it strike anyone else that the Commercial lease/sale signs are everywhere in Austin?

This segment looks even weaker than Residential real estate.

Lease rates must be close to free, given how much space is vacant/available.

And this in one of the supposedly strongest economies in the country?
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Old 06-29-2010, 07:06 AM
 
Location: central Austin
7,228 posts, read 16,100,141 times
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Nationally, commercial real estate is MUCH weaker than residential, tremendous over-building almost everywhere, and that includes Austin. But our population is growing not declining so our over-supply should decline faster than other areas.

Downtown and close in, commercial rents are rising (it is unbelievable what they are getting in SoCo) but older, close-in commercial strip are really hurting. Just like residential real estate, Austin is not one market but a series of micro-markets.

Talk to a good commercial real estate broker, there are many who are not very busy at the moment who would love to chat.
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Old 06-29-2010, 07:16 AM
 
Location: Austin, Tx
316 posts, read 877,163 times
Reputation: 201
10-yr treasury rate at 2.98% this morning.

More debt for everyone to gorge on
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Old 05-13-2011, 07:38 AM
 
Location: Austin, TX
3 posts, read 5,371 times
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As of April 1st, 2011 Moderator cut: link "quoted" lease rates average $24.50 sf for all classes of office space. Other quoted averages: Class A Office - $28.44, Class B - $21.19, Class C - 18.59, Downtown Austin - $32.63, Suburban Office - $23.19. Most landlords appear to be holding firm on their quoted rental rates, however are offering more concessions in the form of free rent and tenant improvements, which can be misleading to Tenants. Tenants must focus on effective rental rates and not on what the landlords are quoting, since when you factor in all lease concessions such as free rent and tenant improvements, the overall effective rate tends to be lower.

Last edited by Bo; 05-13-2011 at 11:01 PM.. Reason: Per TOS, share real estate links via DM only
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