Overview
Central Texas continues to be a leader in job and population growth in the United States. As markets continue to change along the Interstate 35 corridor, investors are seeking ways to capitalize. With more than 24 years of combined experience and over $600 million in closed transactions, our team combines complementary skills and a collaborative mindset to drive value for real estate investors. Our ability to cross CBRE's multi-discipline platform enhances our role as strategic advisors to our clients in the disposition and acquisition of retail properties. Our goal is to deliver an institutional process to private clients that yields superior results in today's challenging investment environment.
We focus on investment properties in central Texas. While we have expertise in retail, we have sold neighborhood centers, shopping centers, single-tenant net lease assets, specialty retail projects, offices, mixed-use projects, bank-owned REO and receivership assets.
Our team consists of professionals with a broad background of experiences with exposure to institutional and private client relationships. We strive to help our clients’ achieve their goals through our relationships, knowledge and service.Our Team
Bradley Bailey
First Vice President
Capital Markets, Retail
Logan Reichle
First Vice President
Capital Markets, Office
Adam Rabin
Associate
Property Sales
Brittany Comerford
Client Services Coordinator
Stay Connected
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Current Listings
Under Contract and Recently Closed
2927 Guadalupe St - Under Contract
5,980 SF | Austin, TX
316 Congress Ave - Closed
14,770 SF | Austin, TX
1300 E 38th Street - Closed
20,568 SF | Flex | Austin, TX
2529 S Lamar Blvd - Closed
1,922 SF | Retail | Austin, TX
Sonic Drive-In - Closed
Bastrop, TX
17414 FM 1431 - Closed
26,077 SF | Industrial | Leander, TX
USAA (Dark) - Closed
7,700 SF | Retail | Killeen, TX
Taco Cabana - Closed
6,655 SF | Creative Office | Austin, TX
1420 HK Dodgen - Sold
5,099 SF | Retail | Temple, TX
7531 Burnet - Closed
2,175 SF | Retail | Austin, TX
Atmos Energy - Closed
55,975 SF | Office | Waco, TX
The Hub - Closed
162,992 SF | Retail | Austin, TX
8500 Bluffstone - Closed
13,200 SF | Office Condo | Austin, TX
Windsor Village - Closed
12.36 Acres | Land Site | Austin, TX
Windcrest SC - Closed
43,069 SF | Retail | San Antonio, TX
ATT Land Site - Closed
2.78 Acres | Industrial | Austin, TX
211 Bagdad - Closed
1,903 SF | Office | Round Rock, TX
Aaron's HWY 6 - Closed
12,500 SF | Retail | Houston, TX
Helotes Twn Ctr - Closed
27,761 SF | Retail | San Antonio, TX
Research & Reports
Q3 2020 Austin Retail MarketView
Absorption in Austin's retail sector continued its downward slide in Q3 2020, registering (426,428) sq. ft. of net demand. Market-wide occupancy declined 60 basis points, falling from 95.2% in Q2 2020 to 94.6% in Q3 2020. The average asking rate fell from $20.50 per sq. ft. in Q2 2020 to $20.25 per sq. ft. in Q3 2020. As Texas begins the slow process of reopening businesses, bars and restaurants will continue to struggle to survive the economic downturn. Development activity began to slow down in Q3 2020, driven largely by the impacts of the pandemic. While current construction activity remained active, developers have been hesitant to kick off any new projects until the pandemic begins to ease and economic conditions begin to improve.
Absorption in Austin's retail sector continued its downward slide in Q3 2020, registering (426,428) sq. ft. of net demand. Market-wide occupancy declined 60 basis points, falling from 95.2% in Q2 2020 to 94.6% in Q3 2020. The average asking rate fell from $20.50 per sq. ft. in Q2 2020 to $20.25 per sq. ft. in Q3 2020. As Texas begins the slow process of reopening businesses, bars and restaurants will continue to struggle to survive the economic downturn. Development activity began to slow down in Q3 2020, driven largely by the impacts of the pandemic. While current construction activity remained active, developers have been hesitant to kick off any new projects until the pandemic begins to ease and economic conditions begin to improve.
Q3 2020 Austin Office MarketView
Austin experienced another quarter of negative market fundamentals as vacancy continued to increase. The sublease market continued to expand, increasing more than 400,000 sq. ft. quarter-over-quarter to 1.65 million sq. ft. Average Full-Service Gross asking rates increased to $39.36 per sq. ft., driven largely by increased OPEX averages throughout the market. Vacancy throughout the metro increased 150 basis points, from 12.8% in Q2 2020 to 14.3% in Q3 2020. The effects of the current economic conditions have spread to the development pipeline as new construction activity appears to have halted. There are 29 projects, totaling approximately 6.1 million sq. ft., currently under construction.
Austin experienced another quarter of negative market fundamentals as vacancy continued to increase. The sublease market continued to expand, increasing more than 400,000 sq. ft. quarter-over-quarter to 1.65 million sq. ft. Average Full-Service Gross asking rates increased to $39.36 per sq. ft., driven largely by increased OPEX averages throughout the market. Vacancy throughout the metro increased 150 basis points, from 12.8% in Q2 2020 to 14.3% in Q3 2020. The effects of the current economic conditions have spread to the development pipeline as new construction activity appears to have halted. There are 29 projects, totaling approximately 6.1 million sq. ft., currently under construction.
Q3 2020 Austin Industrial MarketView
Strong tenant demand for distribution space drove the Austin industrial market to its 25th consecutive quarter of positive net demand. The development pipeline remained robust in Q3 2020 with 15 projects totaling approximately 1.34 million sq. ft. under active construction. There were no deliveries during the quarter. Quarter-over-quarter, average asking rates rose $0.24 from Q2 2020 per sq. ft. to $9.88 per sq. ft. in Q3 2020. Flex/R&D rates decreased $0.14 quarter-over-quarter to $11.81 per sq. ft., while warehouse rates climbed from $7.66 last quarter to $8.38 per sq. ft. in Q3 2020. Vacancy decreased 40 basis points to 9.7% in Q3 2020. As demand remains robust for distribution space, particularly for last-mile operations, Austin's industrial market will continue to see increased interest from investors who have not previously looked at the Central Texas region.
Strong tenant demand for distribution space drove the Austin industrial market to its 25th consecutive quarter of positive net demand. The development pipeline remained robust in Q3 2020 with 15 projects totaling approximately 1.34 million sq. ft. under active construction. There were no deliveries during the quarter. Quarter-over-quarter, average asking rates rose $0.24 from Q2 2020 per sq. ft. to $9.88 per sq. ft. in Q3 2020. Flex/R&D rates decreased $0.14 quarter-over-quarter to $11.81 per sq. ft., while warehouse rates climbed from $7.66 last quarter to $8.38 per sq. ft. in Q3 2020. Vacancy decreased 40 basis points to 9.7% in Q3 2020. As demand remains robust for distribution space, particularly for last-mile operations, Austin's industrial market will continue to see increased interest from investors who have not previously looked at the Central Texas region.
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Available Properties
Related Industries & Specialties
Retail Services offers global reach and the capability to serve retailers, restaurateurs, owners, investors and developers across all retail environments.
CBRE is the global leader in Office Services, with the most comprehensive advisory and transaction services platform and more professionals specializing in the office sector than any other firm.
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Debt & Structured Finance
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Net Lease Properties
CBRE Net Lease Properties is a team of Capital Markets professionals who specialize in the sale, purchase and recapitalization of single tenant net leased properties in the U.S.
Property Sales
CBRE is the world leader in the acquisition and disposition of income-producing properties for third-party owners and corporate occupiers.
Offices
Austin
500 West 2nd StreetSuite 1700
Austin, TX 78701