by Chris Oddo | Apr 19, 2023 | Commercial Real Estate Trends, Industrial Leasing, Lease Advisory, Property Ownership, Tenant Education
The uncertainty in the banking system created by the collapse of Silicon Valley Bank, Washington Mutual, and Signature Bank has caused a lot of concern in how businesses act today and their plan for the future. This concern is causing some tenants to ask landlords,...
by Chris Oddo | Feb 27, 2023 | Uncategorized
For the March Issue of the Austin-Central Texas Commercial Real Estate Update, I thought I’d report on something a little different. This is partly due to a lot of interest I am getting from a project I took on. A business partner and I are renovating a 100+ year old...
by Chris Oddo | Jan 19, 2023 | Commercial Real Estate Trends
There are mixed reports, some with positive data points and some with negative data points suggesting 2023 will be a challenge for commercial real estate in Austin, Central Texas, and the Unites States as a whole. Let’s dive right in. Some, like CBRE chief economic...
by Chris Oddo | Dec 5, 2022 | Commercial Real Estate Trends, Industrial Leasing, Lease Advisory, Office Space, Tenant Education
Sublease activity in the commercial real estate market is a lot like the “canary in a coal mine” analogy whereby it’s one of the first indicators that there is a problem looming. When sublease space activity increases significantly, that means that there is something...
by Chris Oddo | Sep 15, 2022 | Commercial Real Estate Trends, Lease Advisory
This Month’s report highlights the sales and leasing trends for commercial real estate in Austin and surrounding areas. Sales activity has been robust with 4.6% of downtown Austin inventory turning over in 2021. That equates to a whopping $685M in sales volume. The...
by Chris Oddo | Jun 17, 2022 | Commercial Real Estate Trends, Property Ownership
With the stock market’s instability due to a post-pandemic hangover from the flood of money/debt shot into the economy which created labor shortages and supply chain disruptions; the rush to abandon fossil fuels; and the Russian/Ukrainian war, investors are either...
by Chris Oddo | Apr 20, 2022 | Lease Advisory, Leasing Tips, Tenant Education
It’s that time of year when your landlord sends you a letter reconciling the expenses from 2021. Over the past nine plus years, it’s been an unwelcome correspondence. And more recently with supply chain issues and labor market shortages, building operating expenses...
by Chris Oddo | Feb 28, 2022 | Leasing Tips, Tenant Education
As Austin continues to generate sustained interest from companies looking to move here, both big and small, this correlates directly to higher rents and purchase prices for all type of commercial property. The result is many companies are packing up their bags and...
by Chris Oddo | Jan 14, 2022 | Commercial Real Estate Trends, Industrial Leasing, Office Space, Tenant Education
With 2021 behind us, let’s look at where the commercial real estate market is and where I think it will be as it moves deeper into 2022. Nationally, 2021 was not particularly kind to the commercial real estate market. Primarily because of COVID and corporations desire...
by Chris Oddo | Oct 22, 2021 | Office Space, Tenant Education
Many executives are asking the question: Is it time to bring employees back to the office? All of them, some of them? A recent interview of 15 CEOs by Bethany Cianciolo and Kathryn Vasel published on September 9, 2021, suggested that most of them wanted their...
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