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Kim Gatley
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enior Vice President & Director of Research at REOC Austin

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REOC Releases 2Q 2015 Industrial Market Report

Area industrial properties reported healthy leasing activity in the second quarter.  Notable leases included Brown Traffic (126,500 sf) at 301 Howard, Fashion Forums (89,440 sf) at McNeil 1 along with Reaction Housing (50,268 sf) and Fourhands Furniture (44,000 sf) at Southpark Commerce Center.  As a result, the Austin …Read Entire Post

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REOC Austin: Industrial Market Is 'Brisk'

REOC Austin Logo Outlines No CapitolIndustrial activity in Austin is said to be “brisk” and in “better shape than it was five years ago,” concludes a recent report from REOC Austin.

“Following the solid performance in the final quarter of 2014, Austin-area industrial lease properties recorded another positive quarter to start the year,” says Kim Gatley, senior vice president and director of research at REOC Austin. …Read Entire Post

California investor doubles Austin industrial portfolio

AmorRon Bldg 6- 800 Paloma Dr, Round Rock, TX

Amorron Bldg 6

KFG Investment Co. has increased its industrial portfolio in Austin with the acquisition of six properties for a total of 271,060 square feet — nearly doubling its imprint in the Central Texas market.

The Encino, California-based private investment company hired Live Oak-Gottesman to handle the leasing and management. …Read Entire Post

REOC Releases 4Q 2014 Industrial Market Report

Demand for industrial space led to increased leasing velocity in the final three months of the year resulting in a solid fourth quarter performance for the Austin industrial market. New leases and expansions generated a robust 548,474 square feet of positive net absorption for the period between the first of October and the end of December – which measured more than the first three quarters combined. “Leasing activity remained rather docile through much of the year but rebounded in the last quarter,” says Mark Milstead, Vice President, Industrial Services, REOC Austin. Gains in the fourth quarter offset earlier losses to yield a total of 476,811 square feet of positive net gain for the year marking a fifth consecutive year of positive annual net absorption.

According to the survey of nearly 38 million square feet of industrial lease space, the local industrial market closed the year with a citywide vacancy rate of 10.9% which is improved compared to 11.9% last quarter and relatively stable compared to 10.6% recorded in the same quarter of the previous year. “Over the course of the year, nearly 350,000 square feet of new supply was delivered to the market which offset positive absorption and kept vacancy flat,” explains Kim Gatley, Senior Vice President and Director of Research for REOC Austin. …Read Entire Post

REOC Austin releases 2Q 2014 industrial market update

As is typical this time of year, activity in the Austin industrial market slowed in the second quarter.  According to the survey of more than 38 million square feet of industrial lease space conducted by REOC Austin, the local industrial market closed the second quarter with a citywide vacancy rate of 12.1% which is up sharply compared to 10.6% last quarter.

“Three main factors played into the increased vacancy this quarter;” explains Mark Milstead, Vice President, Industrial Services, REOC Austin, “first, historical trends show that activity typically slows in the summer months, second, new inventory was delivered to the market, and third, the biggest impact came from the return of space at Techridge …Read Entire Post

Austin to open 107 acres for manufacturing development

The city of Austin recently announced that it will invest $3 million and release 107 city-owned acres at FM 812 & FM 973 near the airport to private manufacturers in an effort to jump-start the industry in the area.

The goal is to use low-cost, long-term leases and access to shipping corridors and recycled materials to attract manufacturers that work with recycled or reused materials to land near a former city landfill. If all goes to plan, the effort is projected to drive more than $30 …Read Entire Post

El Lago to move tortilla chip factory to Pflugerville

Pflugerville will soon be the new home for El Lago Mexican Foods Inc.  In August, El Lago will move its manufacturing and distribution operations from its current tortilla chip factory at 1700 E. Fourth Street situated east of downtown Austin into 24,000 square feet at Pecan 130 Business Park.

The 120,000-square-foot building situated within the 130 Commerce …Read Entire Post

REOC Austin releases 1Q 2014 industrial market update

The local industrial market experienced a slow but positive first quarter. New leases and expansions were largely offset by tenant move-outs resulting in a rather quiet 82,407 square feet of positive net absorption for the first three months of the year.

As a result, the Austin industrial market closed the first quarter with a citywide vacancy rate of 10.6% which is unchanged from last quarter but significantly improved compared to 13.2% recorded in the same quarter the previous year.  Citywide vacancy currently sits at its lowest point in twelve years.

Notable first quarter leases included International Liquidation (65,066 …Read Entire Post

FedEx plans $33M expansion in Pflugerville

FedEx Ground will expand and consolidate its offices into a new $33 million, 250,000-square-foot building at 130 Commerce Center in Pflugerville.

The expansion will move the company’s existing offices from a 50,000-square-foot building on Pflugerville’s Royston Lane and make the new location the largest FedEx Ground facility in Central Texas.

The 130 Commerce Center, which sits at the corner of SH 130 and …Read Entire Post

REOC Austin releases 4Q 2013 industrial market report

The Austin industrial market closed out 2013 with a citywide vacancy rate of 10.6%, according to the fourth quarter survey of more than 37.4 million square feet of industrial lease space conducted by REOC Austin.  “With few new developments constructed over the past several years, an expanding economy and steady tenant demand for space has tightened vacancy to its lowest point in twelve years,” says Mark Milstead, Vice President Industrial Services, REOC Austin, locally-based commercial real estate company.

Tenant move-ins recorded between the first of October and the end of December generated 340,541 square feet of positive net absorption within Austin-area industrial properties.  The fourth quarter gain raised the year-end absorption total to nearly 1.1 million square feet.  “The 2013 performance marks the fourth-consecutive year of …Read Entire Post