AUSTIN – The Capital City is still a landlord's office market, says David Bremer of Colliers International in the company's fourth quarter 2016 market report, but "it's not the same feeding frenzy it was six to 12 months ago."
"Base rental rates stayed largely flat, while building operating expenses continued to increase (primarily due to increasing property taxes)," Bremer said. "Our team has seen a number of large office building transactions over the last few years at historically high prices per sf. As long as this activity continues, Austin will continue to see higher property tax valuations."
Colliers released the following 4Q2016 market stats with its report:
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