by Chris Oddo | Jun 26, 2024 | Commercial Real Estate Trends, Property Ownership
As a veteran Commercial Real Estate Broker, with 30 years of experience under my belt, I don’t recall a time in Austin’s history where the commercial real estate market in the central business district (CBD) has experienced a correction like it is going through now....
by Chris Oddo | Apr 26, 2024 | Commercial Real Estate Trends, Office Space
The most asked question I get these days is “Are office rents in the Austin area coming down since more and more buildings seem to have more vacancy?” The answer? Likely. I wish I could be more definitive, but the Austin market has shown amazing resiliency over...
by Chris Oddo | Nov 1, 2023 | Commercial Real Estate Trends, Lease Advisory, Office Space
There is a lot of news about various companies reducing or vacating their lease space, but there are some positive stories of companies expanding and/or relocating to the area as well. In this article I want to focus on the office space trends, as this is key...
by Chris Oddo | Sep 28, 2023 | Commercial Real Estate Trends, Leasing Tips, Office Space
Many people ask me if the increase in the Austin area office vacancies will trigger a price decrease in both rent and property values making them more affordable. The answer to that question lies in several factors which I’ve explained below. First, it’s important to...
by Chris Oddo | Aug 25, 2023 | Commercial Real Estate Trends, Industrial Leasing
Back in 2022, Austin saw strong numbers in the industrial space market. Vacancies were down and rental rates were up. Samsung and Tesla helped attract other companies with their supply chain verticals to the Austin market. They continue to do so, but the deal...
by Chris Oddo | Jul 21, 2023 | Commercial Real Estate Trends, News
With Austin housing prices continuing to be over-heated, the City of Austin has not so quietly been trying to add affordable housing within the city limits. One method to accomplish this goal is to persuade developers to add more affordable housing, but it’s had...
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