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...
by Chris Oddo | Jun 20, 2023 | Commercial Real Estate Trends, Lease Advisory, Leasing Tips, Office Space
I don’t think the commercial real estate market in Austin, or the rest of the US for that matter, has bottomed out yet; at least not so soon after COVID. In my opinion, the two primary reasons for the delay in the continued growth of the economy and commercial real...
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 | 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...
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