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. […]

Vacancy in San Antonio

The overall vacancy is at 10.0%, unchanged from this time last year. Meanwhile, the gross average asking rental rate keeps increasing, growing to $23.12 per sq. ft., up $0.80 (3.6%) year-over-year. Occupancy of the 918,000 sq. ft. delivered to the market year-to-date stands at 81.3%, and of the 1.4 million sq. ft. currently under construction. […]

No sign of slowdown in Houston Leasing Market

  Net absorption in the Houston retail market increased to almost 1.3 million sq. ft. in the third quarter compared to the previous quarter at 1.2 million sq. ft., a 3.5% increase, while leasing activity included 1.4 million sq. ft. of signed deals.   EXECUTIVE SUMMARY Steady Houston retail market Net absorption in the Houston […]

(Plenty) of Offices in San Antonio

At 10.1%, the vacancy rate for office space in the San Antonio metro inched up above 10.0% for the first time since Q1 2016. That represents a 20-basis-point increase from this time last quarter and an 80 basis-point jump year-over-year EXECUTIVE SUMMARY Vacancy rates remain stable At 10.1%, the vacancy rate for office space in […]

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 […]

Health of the Galleria

  The Galleria/West Loop submarket is second in total office market inventory only to the Central Business District. Large tenants like Bechtel, Stewart Title, alliantgroup, Hines, CBRE, and Landry’s help represent a diverse roster, while energy-related firms including Marathon Oil, BHP Billiton, Enbridge, Apache, and Weatherford are also in the mix. The high-profile submarket’s vacancy […]

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 […]