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RERC Rates Most Austin Markets Below Average

AUSTIN-Austin's warehouse space, retail power center and neighborhood shopping centers are the best investment deals and growth areas, says Real Estate Research Corp. Six other commercial classes are labeled below average.

By Tim Green | Updated on March 15, 2002

AUSTIN-Warehouse space, retail power centers and neighborhood shopping centers in Austin got the highest ratings for investment and anticipated growth rates in a report from Chicago-based Real Estate Research Corp. RERC rated six other classes of commercial real estate as below average in a national report titled “Charting a New Course-Choppy Waters Lie Ahead.”

On a scale of one to 10, with 10 being excellent, Austin’s investment conditions for all types of properties were rated 5.4. Anticipated growth in rents got a two and anticipated values over the next year got a 4.1.

Warehouse and power centers received eight ratings and neighborhood centers were rated seven. Rent and value growth for warehouse space were six and five; for power centers, three and seven; and neighborhood centers, three and four. Hotels received the lowest rating of one across the board for investment conditions, rent and value.

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