Austin's original leading source for commercial real estate news, analysis, trends, events and resources in office, industrial, retail, multifamily, hotel, healthcare and net lease property sectors.
The recently sold 81,660-square-foot creative office and adaptive-reuse project fully leased to H-E-B is located amid the trendy East Austin neighborhood.
Urbanspace will relocate from its current headquarters at 801 W. 5th St. by year end, while the neighborhood coffee shop and bar are anticipated to open in time for SXSW 2020.
Rents in Austin are recording a visible increase during the past 12 months due to a couple of factors, of which the most striking is the area's economic development last year and continuing this year.
A partnership of local investors and developers joined forces to form iSports Cedar Park Ltd., which is building the 206,000-square-foot complex on 15.4 acres at US Highway 183A Toll and Scottsdale Drive.
The Knoll at South Congress will have visibility along the South Congress corridor as well as walkability to more than 2.2 million square feet of stores, grocery, bars and restaurants.
Like real estate investors, corporate occupiers also search for locations that have advanced innovation ecosystems in which to hire the best employees, according to JLL's latest report.
Ascenda Capital and American Landmark Apartments acquired a $311 million property multifamily portfolio with assets located in Texas' fastest-growing markets–Austin, San Antonio, Houston, Irving and The Woodlands.
More than 30 industrial sites in the largest markets of California and Texas can be repositioned or redeveloped into numerous uses with in-place zoning or anticipated rezoning, says the CBRE leasing team.
The metro currently reports 95.8% retail occupancy, making it the strongest market in Texas in terms of occupancy, a rate which is based on a retail market inventory of 49.5 million square feet.