Here is quarterly report for the Austin warehouse market at the end of March 2017. Current vacancies have remained relatively the same at 7% with occupancies continuing to stay very high in the Austin Texas and Central Texas area. Market fundamentals remain strong and average asking rents have increased since last quarter up $0.12 cents per square foot per year. Demand continues and supply of warehouse properties under 5000SF has become even tighter. As a tenant looking to lease a property in the Austin warehouse market, maximum flexibility is required. Landlord’s today are looking for longer term deals, 2 yrs will not get much attention depending on the sub-market in which the warehouse property is located. Moving forward, near term projections are more of the same however with new warehouse properties on the market supply should become much better depending on the footprint that a tenant is looking for.
For Sale Warehouse properties for Q1 2017 , remains tight and the best sales prices are in the tertiary sub-markets. More details on : For Sale Properties
Warehouse Construction Projections
With demand continuing for 2017, construction is on the way currently with projections of 1M square feet of space , in Q1 2017, approximately 550,000SF of warehouse space was completed with 50% of new warehouses being supplied to the Southeast sub-market which next to the Northeast area has the highest concentration of warehouse properties in the Austin area. The Northwest Austin sub-market with one of the lowest vacancies has approx 200,000SF of new construction taking place with the NE area coming in at 110,00 SF.
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
