Tenants in common
Tenants in Common In some commercial real estate markets it is difficult to convert rental apartments due to rent controls and condo conversion laws. Innovative real estate investors have found a way to circumvent the restrictive nature of the market by utilizing tenants in common also referred to as TIC. Tenants in common is a popular form of joint ownership which creates a hybrid type commercial real estate property. Snapshot of Tenants in Common and how it works Consider you have a four unit rental property that is depressed but due to...
read moreAustin Warehouse Market |Q2 2016
Austin Warehouse Market | Q2 2016 Here is a summary of the Austin warehouse market for the 2nd quarter in 2016, it is looking like we are headed for a 20 yr low for vacancies. Current vacancy rates in the Austin area are coming in at below 7 percent currently at 6.7%. There is alot of corporate interest in Austin and the city’s incentives to get the attention of large corporations. Most warehouse spaces that are being occupied are smaller in size below 30,000SF. Lease Rates for Warehouse Properties Austin’s warehouse leasing rates...
read moreWarehouse Update
Warehouse Property | Texas Triangle Dallas Houston San Antonio With the exception of San Antonio, the Texas Triangle reached it’s lowest point of new construction since the 1990’s. The following is a warehouse update on what is going on in the Texas Triangle area. Austin and Dallas hit their lows for warehouse properties in the months of May and October in 1992 with Houston to follow in 1993. The most construction for warehouse properties is currently in San Antonio, whereas San Antonio did not hit its low for warehouse...
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Austin Warehouse Market Update – May 2016 The Austin warehouse market continues to drive vacancies lower and demand remains strong. Moving into the 2nd quarter of 2016, the warehouse market in Austin to move lower by another 1%. Currently the warehouse vacancy rate is at 7% , this is level that has not been seen since the tech explosion in the late 90’s. Of all the sub-markets in Austin three of them have vacancy rates below 1% thus almost having 100% occupancy. If construction does not take off with more product the rental rates...
read moreWarehouse leasing
Warehouse Leasing Warehouses are also listed as industrial property within the commercial real estate industry. What does it take when it comes to making a decision about warehouse leasing for your company? Do you know what your future needs will be?What about the difference between buying a warehouse versus leasing a warehouse, and utilizing a specialist broker in the warehouse space silo to help you navigate your potential solutions. Growth Near Term and in the Future? Do you have enough warehouse space to hold your inventory now and in...
read moreAustin Warehouse Market 2016
Austin Warehouse Market Report Summary 2016 The Austin warehouse property market continues to move towards lower vacancies and high demand especially for lower square footage properties. Any tenant expecting “a deal” on a 2 year or less commitment should forget about it, it won’t happen near term. Just telling the truth folks, of course you can always find this out on your own if you want. In 2009 the vacancy rates for warehouse properties hovered at 14%. Today they are at 7% vacancy, that is right a 50% cut in...
read moreNet Lease Investments
Who can invest in Net Lease Investments? A Net leased property can attract a wide variety of buyers, they can be high net worth individuals to partnerships to large institutional investors like real estate investment trusts, life insurance companies and pension funds. 1031 Exchange buyers are attracted to net lease investments as well. So, what are the benefits of investing into a net lease investment? Because a single-tenant, net-leased properties are bond-like investments they provide a more stable and predictable return. The existing...
read moreTitle Commitment
The Title Commitment When both parties execute the sales purchase contract, it will be delivered to the Title Company . Within about 20 days, the title company will issue what is called a title commitment. The title commitment is an agreement from the title company to issue a title policy based on the terms and conditions expressed in the commitment document. The only way to change the policy is to change the commitment. Changing or amendments to the policy would take place between the issuance of the title commitment and the closing of...
read morePurchase an Austin Warehouse
Purchase an Austin Warehouse Would you like to know as a Buyer, the best ways to implement a plan to purchase an Austin warehouse? Buyers have a few options that can help them purchase a warehouse with more efficiency. Here are some strategies to implement to save time , money and effort on your part and the commercial real estate broker’s part as well. What comes first? Money or the Property? Over the past 11 + years, a lot of Buyers have called asking about purchasing an Austin warehouse, the first question is (can you guess?)...
read moreAustin land development
Austin Land Development – Characterization When characterizing land development in Austin, one must determine in a feasibility study if the property is viable as well as determine what the market acceptance for the end product which can be office, warehouse, retail etc. This is a very important step even if the developer (individual) for the land does not end up being the person to do the development. When in the development phase for land, you must anticipate and understand clearly what the demand is for the final property to be built...
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