Office, retail, industrial, and mixed-use property in Austin. Market trends, investment opportunities, and the commercial landscape.
Class A downtown: $45-65/sq ft. Domain/North: $35-50. Suburban: $25-35. Vacancy rates recovering post-COVID. Hybrid work has shifted demand toward flex/coworking. New towers still being built downtown.
South Congress, 2nd Street District, Domain are premium. $30-60/sq ft. Food and beverage tenants dominate. Retail vacancy low in high-traffic areas. Austin's population growth drives retail demand.
Booming sector. Warehouse/distribution: $8-15/sq ft. Driven by e-commerce and Samsung's Taylor fab. Southeast Austin and Hutto corridors are hot. Very low vacancy.
The future of Austin development. Live-work-play projects. Mueller, Domain, South Congress. Developers can't build these fast enough. Premium rents but strong occupancy.
Austin multifamily: 4-5.5%. Office: 5.5-7%. Retail: 5-7%. Industrial: 4.5-6%. Compressed by demand but still attractive vs. coastal markets.
East Austin (gentrification continuing). Bastrop corridor (Austin spillover). Georgetown/Hutto (northern expansion). Del Valle (airport area, Tesla). Manor (affordable land, improving infrastructure).
Prologis (industrial), American Tower (cell towers), Hines (office/mixed-use), Greystar (multifamily). Austin is in nearly every major REIT's growth portfolio.
Work with a local commercial broker (CBRE, JLL, Transwestern Austin offices). Start with a small multifamily or retail strip. 1031 exchange from residential. Austin fundamentals are strong for long-term hold.