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Newsroom

State of the Central Texas Commercial Real Estate Market
December 2008
The Central Texas office market ended the third quarter of 2008 with a vacancy rate of approximately of 12.6 percent versus 11.6 percent at the end of the second quarter.
Nationally, office vacancy rates are running a little under 12 percent, meaning Austin is approximately 0.6 to 0.7 percent higher than the national average. Subleases are on the upswing.
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Maximizing Buying Power
February 2003
The Austin office of software company Misys Healthcare Systems LLCsoon will move into nearly 28,000 square feet of Class A offices overlooking the Hill Country in Far Northwest Austin.

Although the space at River Place Pointe was marketed as a sublease from eLoyalty Corp., brokers for Misys worked out a five-year lease directly with landlord FIC Realty Services Inc.

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Broker Designs System to Track Sublease Space
July 2001
Mike Buls, commercial real estate broker, market researcher and principal of Austin's Buls Hodge Consulting, turned to his competitors this February in an effort to improve knowledge and awareness of the real estate market. Knowing 70 percent of available office space is sublease space, Buls began tracking that sector of the real estate market.
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Arboretum Space to Open Up
April 2001

The owner of a 186,000-square-foot office building in the Arboretum area is looking for tenants to fill the space after Computer Sciences Corp. empties the project later this year.

Although 9500 Arboretum might be one of the few large contiguous office projects on the market, brokers say it constitutes only a fraction of a growing pool of properties vying for tenants in a softening market.

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Sublease Space Soars
February 2001

Austin companies seeking space are finding their glass half-full of available real estate, thanks to a recent surge in subleasing.

"It wasn't until January that things started opening up everywhere," says Matt Marino, controller at Waveset Technologies Inc., an Austin software startup that's hunting for space

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Automatic Data Processing, Inc.

With all available options presented to us, we were able to substantiate the best alternative for our 24 / 7 computer center. Our search began with twenty-seven (27) properties. With specific electrical generation and backup needs, and your pinpointing more precise locations aided our strategy in finding and negotiating a long term lease. Your continued hard work paid great savings to us. Thanks again.

- Mr. Tom McKee, Chief Financial Officer
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