어스틴 (오스틴) 텍사스 부동산 뉴스 & 소식 (주택, 집, 콘도, 타운홈, 상업용 부동산)
Forecast: Real estate boom to continue in 2007
김세규
Author
admin
Date
2006-10-28 20:06
Views
1315
Forecast: Real estate boom to continue in
2007
With rents and occupancy rising across different product types and economic indicators pointing toward further population and job growth in Austin, local commercial real estate professionals say the industry's high times are likely to continue into next year.
The Institute of Real Estate Management sponsored its annual forecasting forum today at the Hyatt Regency on Town Lake. A panel of experts from different sectors offered their assessment of the market and their predictions for 2007.
Office
The Austin office market has absorbed about 1.7 million square feet of space in the first three quarters of 2006, according to data from CoStar Realty Information Inc. By comparison, the market absorbed only 1.1 million square feet in all of 2005.
"As the local economy has picked up, so too has the office market," says Diana Holford, principal with the Staubach Co. Leading the way is the Southwest submarket, which has fallen below 8 percent vacancy. It's followed by the Northwest submarket, where several companies have announced new development projects to meet rising demand.
But Holford says companies today are more conservative in the amount of space that they lease than they were during the last boom.
"They're almost Draconian in their approach," she says. "They still have the scars from taking more space than they needed."
Holford says tenants are also less concerned about extra amenities associated with their space, often referred to as bells and whistles.
"They're really trying to make the most out of what they've got," she says.
Andy Smith, managing director over the Austin office of Equity Office Properties, says his company is busy making deals with expanding firms and even a few that are relocating. Smith says that with growth among companies from advertising to finance, this office market recovery is much broader based than the last. Equity Office is Austin's largest office landlord.
Multifamily
The local apartment market has absorbed more than 1,800 units so far this year, according to Austin Investor Interests. Occupancy rose less than one percentage point in the last 12 months to 93.8 percent, while rents are up to 90 cents a square foot from 85 cents at this time in 2005.
Total 590
Number | Thumbnail | Title | Author | Date | Votes | Views |
124 |
admin
|
2006.12.02
|
Votes 0
|
Views 1359
|
admin | 2006.12.02 | 0 | 1359 | |
123 |
A Joyful December .. Christmas at Hyde Park
admin
|
2006.12.02
|
Votes 0
|
Views 1349
|
admin | 2006.12.02 | 0 | 1349 | |
122 |
St. Luke Winter Art Fair 오픈
admin
|
2006.12.02
|
Votes 0
|
Views 1316
|
admin | 2006.12.02 | 0 | 1316 | |
121 |
Area housing market still sizzling
admin
|
2006.11.30
|
Votes 0
|
Views 1332
|
admin | 2006.11.30 | 0 | 1332 | |
120 |
Tapestry Dance Co. prancing into new digs, may buy building
admin
|
2006.11.21
|
Votes 0
|
Views 1457
|
admin | 2006.11.21 | 0 | 1457 | |
119 |
CEOs of Trammell Crow, CBRE want to reinvent the industry
admin
|
2006.11.21
|
Votes 0
|
Views 1448
|
admin | 2006.11.21 | 0 | 1448 | |
118 |
Online video firm lands $7 million
admin
|
2006.11.21
|
Votes 0
|
Views 1292
|
admin | 2006.11.21 | 0 | 1292 | |
117 |
Blackstone to buy Equity Office (Austin Business Journal)
admin
|
2006.11.21
|
Votes 0
|
Views 1362
|
admin | 2006.11.21 | 0 | 1362 | |
116 |
오스틴시 최초의 월 마트 2층 현대 스타일 슈퍼 센터 오픈 예정
admin
|
2006.11.15
|
Votes 0
|
Views 1387
|
admin | 2006.11.15 | 0 | 1387 | |
115 |
똑같은 집이 샌프란시스코 13억, 텍사스 1억 3천만원?
admin
|
2006.11.03
|
Votes 0
|
Views 1415
|
admin | 2006.11.03 | 0 | 1415 | |
114 |
Site Selection mag ranks Texas No. 2
admin
|
2006.11.03
|
Votes 0
|
Views 1269
|
admin | 2006.11.03 | 0 | 1269 | |
113 |
‘세일즈 텍스와 비즈니스 매입’
admin
|
2006.11.03
|
Votes 0
|
Views 1982
|
admin | 2006.11.03 | 0 | 1982 | |
112 |
South Austin medical park to expand
admin
|
2006.11.02
|
Votes 0
|
Views 1269
|
admin | 2006.11.02 | 0 | 1269 | |
111 |
Forecast: Real estate boom to continue in 2007
admin
|
2006.10.28
|
Votes 0
|
Views 1315
|
admin | 2006.10.28 | 0 | 1315 | |
110 |
I-30 하이웨이 정보
admin
|
2006.10.28
|
Votes 0
|
Views 1295
|
admin | 2006.10.28 | 0 | 1295 |