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...
by Chris Oddo | Jun 28, 2021 | Commercial Real Estate Trends
Curious how the Texas, and more specifically Austin, commercial real estate market is doing in this “coming-out-of-COVID” climate? Well, we have a first, second, and third place finish in Dallas, Austin then Houston experiencing the lowest vacancy rates of all cities...
by Chris Oddo | May 24, 2021 | Commercial Real Estate Trends, News
The commercial real estate market has showed surprising resiliency over the last year since COVID hit the scene, particular in Central Texas. Predictions of a major crash in property valuations, “fire sales”, and mass foreclosures never happened. Projections of an...
by Chris Oddo | Apr 14, 2021 | Lease Advisory, Leasing Tips, Tenant Education
It’s that time of year when your landlord sends you a letter reconciling the expenses from 2020. Over the past 8 to 10 years, it’s been an unwelcome correspondence. Mainly because operating expenses have been going up due to the typical inflationary items such...
by Chris Oddo | Feb 22, 2021 | Leasing Tips
1). Know the Market – This may seem obvious, but over the years some of my new clients were surprised at the amount of data I provided them on the front end of a leasing assignment. It’s very important to know how much inventory is in your particular size and...
by Chris Oddo | Jan 7, 2021 | Commercial Real Estate Trends
2021 will be a year of transition back to a normal way of living. The virus pandemic put the brakes on economies worldwide in 2020 but a fast-tracked vaccine is getting out that is building confidence that the capital markets think will fire things back up. There are...
by Chris Oddo | Oct 16, 2020 | Commercial Real Estate Trends, News
I thought I would highlight a few recent company announcements that are impacting the development of several communities on the outskirts of Austin in a big way. I’m talking about Tesla and Amazon. Let’s start with Amazon, the e-commerce giant, although some of their...
by Chris Oddo | Sep 1, 2020 | News
I can’t comfort you when it comes to the health concerns of the COVID pandemic since I am not a health expert but I can give you an update on what’s going on with commercial real estate during this pandemic and where I think things are headed with the office,...
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