Intelligence

Commercial Real Estate INSIGHTS

Coldwell Banker Commercial® is a unique force in the real estate industry commanding a global presence, a local power and backed by one of the most respected names in the industry. We pair our expertise of market dynamics with a wide range of brokerage services including sales, tenant representation, leasing, property management, mergers and acquisitions across a wide array of property segments and specialties from retail, office, industrial and self-storage businesses to agriculture, land and student housing.

Find the information you need to make informed commercial real estate decisions with up-to-date insights and the latest commercial real estate news. Our Coldwell Banker Commercial brokerage professionals provide invaluable, game-changing advice for businesses, identify real estate opportunities that others might overlook and offer creative solutions and sound business sense in an ever-changing environment. For more information, contact one of our specialists today.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Land Sales Trends

Insights: Land Sales Trends

The U.S. economy entered a recession in February, 2020, per the National Bureau of Economic Research. Commercial real estate development typically slows during a recession because developers do not want to incur the holding costs of land parcels if there is not an expected demand for new product.

Insights: Student Housing 2020

Insights: Student Housing 2020

The main uncertainty in the student housing sector is COVID-19’s impact on the 2020-2021 school year’s leasing. There is a variety of factors which make the student housing occupancy outlook uncertain.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Landlord Employer Liability

Insights: Landlord Employer Liability

The ongoing coronavirus pandemic raises the question of whether landlords with leased properties can be held liable for injuries sustained when someone contracts COVID-19 at the premises.

Opportunity Zones & Taxes

Opportunity Zones & Taxes

What are Opportunity Zones? The real estate industry is buzzing about this new program which allows private investment in country’s distressed communities. CBC brings you a quick overview to help you understand what they are and how investors can use them for their benefit.

Regional Summaries

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Austin, TX

Apartment
The 210,123-unit market-rate investment grade metro Austin apartment market continued to surge in the second quarter of 2019, with net absorption now at 2,150 units over half a year and new supply at 2,769. The vacancy rate is up 20 basis points over six months but down 40 year-over-year to 5.9%. Rent gains remain large. The average asking rent was up 1.7% over the quarter to $1,264 per month, with the average effective rent up 1.8%, to $1,184 per month. The year-over-year gains are 5.0% and 5.2%, respectively. VIEW APARTMENT LISTINGS >
Industrial
The vacancy rate increased to 12.1% in the first quarter of 2019 in the 17-million-square-foot Austin Flex/R&D market thanks to 687,000 square feet of new supply but fell back to 11.3% in the second quarter thanks to 139,000 square feet of net absorption. The vacancy rate is still up 230 basis points year-over-year, and net absorption totals 295,000 square feet over a half year. The average asking rent is $10.26 psf, up 0.7% during the quarter, and the average effective rent is $9.16 psf, up 0.8%. The year-over-year gains are 2.1% and 2.0%, respectively. The 36.8-million-square-foot warehouse/distribution market is active, with 373,000 square feet of new space added and 356,000 square feet of net absorption for the first half of 2019. The second quarter vacancy rate is 10.0%, unchanged for the period and up 30 basis points year-over-year. The average asking rent was up 0.4% over the quarter to $7.52 psf, with the average effective rent up 0.3% to $6.71 psf. The year-over-year gains are 1.3% and 1.4%, respectively. VIEW INDUSTRIAL LISTINGS >
Office
Metro Austin's 48.9-million-square-foot general purpose, multi-tenant office market remains active and balanced, as the 400,000-square feet of new space that completed construction in the first half of 2019 was met by 422,000 square feet of net absorption. The second quarter 2019 vacancy rate is 13.4%, down 20 basis points for the quarter but up 60 year-over-year, due to booming new supply. Rent gains are strong. Both the average asking rent and the average effective rent were up 1.2% during the second quarter, to $33.00 psf and $26.85 psf, respectively. The year-over-year gains are 4.2% asking and 4.4% effective. VIEW OFFICE LISTINGS >
Retail
The 22.1-million-square-foot Austin community-neighborhood shopping center market was quiet in the first half of 2019, with just 10,000 square feet of new space added and net absorption at minus 110,000 square feet. The mid-year vacancy rate is 7.3%, the tenth-lowest among the top Reis markets but up 70 basis points year-over-year. The average asking rent is $24.50 psf as of second quarter, and the average effective rent is $22.29 psf, each up 0.1% for the quarter and up 3.1% year-over-year. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, Inc. based on Market Summaries for the 85 Primary and Secondary Markets they cover.

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