Industrial Flex in ATX

    Overall vacancy is at 7.9%, up from this time last year at 6.4%, due in part to the vacant space delivered to the market in 2019—about 64% of the total 2.5 million sq. ft. completed. Of the 1.9 million sq. ft. currently, under construction, about 76% of that space is available for lease. […]

Rethinking Retail in ATX

Overall occupancy in the Austin retail market is at 95.6%, down 10 basis points from this time last year. Meanwhile, the triple-net average asking rental rate remains at record highs registering $22.15 per sq. ft., up to $0.66 year-over-year. Market Highlights Vacancy is tight. Overall occupancy in the Austin retail market is at 95.6%, down […]

The Holiday Burnout

  How to Keep Employee Morale High This Holiday Season As the holidays approach and Q4 comes to a close, the pressure of chaotic work obligations, deadlines, and family and holiday shopping can cause tensions to run high at the office. If you’d like to keep morale high this season, here are some great suggestions to bring […]

Keep Austin…occupied

  The Austin industrial market’s overall vacancy rate rose to 8.1% during the third quarter of 2019, an increase of 20 basis points quarter-over-quarter, and 200 basis points year-over-year. Class A space ended the quarter at 24.7% vacancy, up from 16.6% this time last year, based on a total inventory of 8.4 million sq. ft. […]

Office Leasing in Austin

Austin’s retail market remained tight during the third quarter of 2019, with the overall vacancy rate up only slightly quarter-over-quarter—and year-over-year—at 4.3%. Net absorption also remained at the same level compared to last quarter at 175,000 sq. ft., continuing to stay positive for 33 consecutive quarters, or eight years. EXECUTIVE SUMMARY Austin’s retail market remains […]

Office Rent Structure

  As a follow-up to lease types, we’ll look further at Single and Multi-tenant Office buildings:   SINGLE TENANT OFFICE BUILDINGS Generally, single-tenant office buildings are leased on a triple net basis (NNN). This lease calls for the tenant to be responsible for all costs associated with occupancy. PROPORTIONATE SHARE: The tenant’s proportionate share of […]

Learn your lease (Part 4)

Absolute Triple Net Lease Also known as a bondable lease, the most extreme form of NNN Lease, in which the tenant is responsible for all property-related risks. Under an Absolute Triple Net Lease, the tenant is responsible for all of the expenses and repairs relating to the building including roof and structure and, in the case of casualty or […]