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

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Holt Caterpillar retail center spurs additional development projects

By the end of 2018, the heavy-equipment supplier plans to construct a retail center at least 60,000 square feet in size at 2101 Airport Road, Georgetown, north of the intersection of Lakeway Drive and I-35.

Georgetown officials said the project is still in the planning phase, as is a planned expansion of Airport into a four-lane roadway and a new water line. City officials also said they are seeing increased activity and interest in the area near the future retail center due to its proximity to the airport and I-35, and they see the location as a prime spot for future retail and industrial development. …Read Entire Post

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The Domain’s Final Phase, Northside, Is Almost Here

domainAU

Much anticipation is following as the Domain Northside is nearing completion.

The final phase of the Domain, called Domain Northside, is set to have its grand opening in September – and the project is already close to 80 percent leased.

The final Domain phase will include a boutique hotel, a Nordstrom department store, and several high-end retailers, including a new Restoration Hardware concept and Austin favorites like Eliza Page and Second Bar + Kitchen.

Northside, which spans 43 acres, will also include 563 apartment units and office space. …Read Entire Post

UPS to build new package distribution facility in Round Rock

UPS distribution facility to begin construction in Round Rock.

UPS distribution facility to begin construction in Round Rock.

UPS will build a new package distribution and warehouse facility in Round Rock following an economic development deal approved by City Council May 12.

The council approved an economic development agreement with United Parcel Service Inc., otherwise known as UPS, to open a warehouse and distribution facility as well as hire at least 314 full-time equivalent employees.

The agreement states UPS will purchase approximately 50 acres of land and invest at least $70 million in facility improvements and personal property. According to a release from UPS, the package processing facility will include automated sorting systems and will house approximately 300 UPS delivery vehicles. The Round Rock building is expected to open at the end of 2018. …Read Entire Post

Austin, tech, and 18 hours

austin_cityOver the past decade, Austin has evolved from its ‘college town’ attitude into a dynamic metro with a dense urban core. In its new report, CBRE identifies key trends helping the Texas capital join the ranks of America’s major cities.

Office: due to robust employment growth, Austin’s office market is setting record highs in absorption and rents, while reaching new post-recession vacancy lows.

…Read Entire Post

While other Texas cities lose construction jobs, Austin holds steady

craneWhile some Texas cities such as Fort Worth and Houston are among the 153 metro areas in the U.S. that have seen a drop in construction jobs in the past year, Austin’s construction industry has held its own.

According to federal employment data released by the Associated General Contractors of America, Austin gained 100 construction jobs between August 2014 and August of this year. The Austin region …Read Entire Post

Austin unemployment rate hits lowest point since January 2001

jobsA surge of job growth in April knocked the Austin-area unemployment rate to its lowest point since the dot-com boom, as local employers continue to absorb the influx of residents moving into the country’s fastest-growing large city.

The metro jobless rate dropped to 3.0 percent in April, down from 3.3 percent in March, according to data released Friday by the Texas Workforce Commission. …Read Entire Post

Lone Star State employment continues to shine

The latest employment data released by the Texas Workforce Commission shows that job growth continues in the Lone Star State.

Texas’ unemployment rate was 4.7 percent in April 2014, down from 5.3 percent in March and from 6.0 percent in April 2013.

From April 2013 to April 2014, the Austin-Round Rock-San Marcos …Read Entire Post

Austin's job factory gears up

The first five weeks of 2014 have already seen at least 15 companies announce their intentions to hire more than 1,600 employees in the Austin region, according to data by the Greater Austin Chamber of Commerce.

Current figures far exceed the Chamber’s tracked announcements in past years. In January and February of last year, for example, 19 companies announced plans to hire 562 employees, while in the first …Read Entire Post