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...
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...
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