Here is the Austin Warehouse Report for Q3 2018 , area wise the lease rates for warehouse properties overall increased to $10 per square foot per year. Additional inventory has been added to the warehouse market in Austin. There is still approximately over 1M square feet anticipated to be delivered to the Austin market. Most new development is South in Hays County, historically it has been located in the Southeast sub-market. Overall vacancy rates have not changed much and have stayed within 80 basis points of previous quarters which were at 10%.
Continued Tightness in Small Warehouse Inventory
For buyers and tenants seeking small square footage warehouse properties, (Defined as below 5000SF) inventory will remain tight depending on the sub-market within Austin. The lowest vacancies continue to be Central and Northwest Austin. As long as demand remains high and inventory remains low, concessions and short term lease requirements will be hard to find for tenants. If you are a tenant and need warehouse space that is small, expecting a dock high or a high parking ratio is not typical for pre-exisiting inventory. Flexibility on the Buyer and tenant’s part remains the critical factor in finding the right warehouse for Clients for the rest of 2018.
“I utilized Steve Shire to find two different spaces for my businesses, I could not believe I got great research and negotiations without a hitch, it was much more than I expected”
Joe Schaefer PhD
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
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
“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
“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
“Steve is a great agent to work with. He is very patient and professional. He worked with us as our buying agent for some warehouse units. The process lasted longer than a year. Steve has been following up with any questi… Read more
Sylvia Smelcer
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
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
“You are absolutely one of the best agents to work with” – Marilyn Van Uum-Independence Title
Independence Title
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
