Austin commercial deemed hot nowAustin commercial deemed hot nowhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=74892013-05-01T12:17:00Z2013-05-01T10:00:00Z

AUSTIN - Commercial real estate in Austin has come back in a big way. Commercial vacancies across market types continue to drop, investor interest is intense, and speculative office development is in the works.

The market is hot according to industry leaders from CBRE Group Inc., Austin Investor Interests LLC, Oxford Commercial, Endeavor Real Estate Group and Stream Realty.

Even retail development and investment, which often lag behind the other sectors, is clicking along on all cylinders. Multifamily development and investment continues its torrid pace.

Some 111 properties traded hands in 2012, and the market continues to be strong with off-market transactions accounting for 25 percent of recent sales. Nearly 40 percent of all of 2012’s deals were transacted in fourth quarter.

One very attractive factor to investors is the fact that Austin is a strong landlord’s market with vacancy rates dropping into the single digits in the Southwest submarket and in Class B properties in the Central Business District.

In the meantime, Endeavor Real Estate Group is moving forward with one project that had been on hold for some time, the Champion Office Park at Capital of Texas Hwy. and RM 2222.

Austin Business Journal
Austin-Round Rock
http://www.bizjournals.com/austin/print-edition/2013/04/26/all-niches-of-commercial-real-estate.htmlRead more at {Source}

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