With Austin’s industrial market still below 10% for the past year , Austin warehouse construction is starting to see some emphasis. For the most recent quarter, occupancy rates remained the same with still positive occupancy. New Austin warehouse construction delivered during the 2nd quarter of 2017. Most of the new construction was delivered in the Southeast sub-market. The SE sub-market has always been one of the highest concentrations of industrial product for the Austin area. Of the 800,000+ SF of warehouse construction, 80% of it was done in the Southeastern part of the warehouse market. Developers are still looking to develop more warehouse properties with an additional 400,000+ SF of product.
Sub-Markets and concentration of inventory
The Southeast sub-market is very popular due to its proximity to Interstate 35 , Highway 71 and Austin Bergstrom Airport. The top performing sub-market by popularity for the 2nd quarter of 2017 was Hays County and Round Rock. Shire Commercial is currently working with a developer to develop in Northeast Austin towards the Hutto sub-market where inventory is not in high supply. Regarding inventory concentrations, if you are a Buyer and looking for warehouse properties for sale , inventory still remains fairly tight. Stand-alone warehouses with small footprints and a yard are difficult to locate and requires a buyer to look in secondary markets or small towns typically. Pricing for warehouses will remain higher for the near-future. Lease rates are fairly static and not moving off their highs for 2017 and we expect this to continue thru the third quarter until more inventory is put onto the market and demand winds down a bit.
Warehouse purchase We have a very unique business and we needed a unique space. Steve hung in there with us for over a year. This was our first commercial purchases and he guided us through the process with patience and enthusiasm. Now if only … Read more
Warehouse purchase
Warehouse Purchase Completed Warehouse Purchase – Retailer in Austin Location: N Lamar , SF : 6,260 SF Time to complete 3 Months
This purchase required creativity and an outside of the box approach because the Buyer-Owner could not obtain direct fin… Read more
Warehouse Purchase Completed
Lease completed testimonial Steve Shire was exceptional and met all of our expectations. We worked with him remotely to secure a space in Austin for the relocation of our business and Steve made it easy. He is excellent at communication and really on hi… Read more
Lease completed testimonial
Warehouse Lease Completed Testimonial Austin, TX Shire Commercial set me up quickly and efficiently with exactly the commercial warehouse space that I wanted. Don’t do a commercial lease without a broker — Steve Shire knew how to negotiate, got me a great rate, communicated… Read more
Warehouse Lease Completed Testimonial Austin, TX
Office Condo Listing Sold This property was listed by Shire Commercial, the seller had moved out of the complex and was renting to a tenant that eventually vacated the office condo in Cedar Park. The property was marketed with a Virtual Tour from Shir… Read more
Office Condo Listing Sold
Lynelle and Steve Sylliaasen “Steve spent a great deal of time locating options and making appropriate contacts for us. Steve is professional, knowledgeable, trustworthy and is easy to work with. We felt that we were his top priority.”
Lynelle and Steve Sylliaasen
Warehouse Purchase - Foreclosure This property was a super find for a Buyer-Owner that needed to be between San Antonio and the Austin area. They were originally looking to lease a warehouse space. Shire Commercial found the client a foreclosure that was a v… Read more
Warehouse Purchase - Foreclosure
Grant Sible After realizing that locating and leasing commercial property on my own was not going to be easy or fruitful I was lucky enough to contact Steve. From start to finish the process was thorough, thoughtful, artfully explained a… Read more
Grant Sible
Mark Tarbet “When I needed to find office-warehouse flex space in a rush, Steve Shire was able to get the job done. I gave him just 1 week to find me properties to look at with certain features. He came through for me, and on the fourth … Read more
Mark Tarbet
Office Condo Purchase “Thank you so much Steve. I also greatly appreciate you sending me info about title insurance! You really are awesome at what you do!!
Dr Shirin Bazaz
