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Holliday Fenoglio Fowler's White Paper Eases Minds About Austin Investments

AUSTIN-One too many clients had questioned Austin's investment climate, prompting Holliday Fenoglio Fowler to look at the numbers. All eyes had been on the drkoops instead of the city's true economic drivers.

By Connie Gore | Updated on March 07, 2001

AUSTIN-Don’t believe everything you hear about Austin, says Holliday Fenoglio Fowler’s research director in Dallas. That is the message he’s sent to the firm’s clients who had expressed concern about investing in the metropolis’ real estate market.

Holliday Fenoglio Fowler’s Ed Frieze says his White Paper shows a strong economy that’s fueled with equally strong job growth. Sure, there’s a softening in the office market and there could be one coming in the multifamily sector, but all the hubbub over the city’s sagging economy due to a high-tech fallout is fraught with misunderstanding. Frieze also believes any retreat, real or perceived, is just for the short-term. “From a development perspective, it’s going to slow down in 2001 whether it’s justified or not,” he tells GlobeSt.com. “In my mind, I don’t think the risk is as great as thought.”

Occupancy is tight in all sectors, but that’s not necessarily bad. The freeing up of sublease space, he says in agreement with others in the know, brings “breathing space” to those operations that have been unable to expand due to the city’s choked space.

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