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
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Current Listings
Under Contract and Recently Closed
107 Park Central Blvd - Under Contract
Georgetown, TX
Wells Fargo Ground Lease - Under Contract
Austin, TX
3101 University Drive - Under Contract
51,185 SF | Austin, TX
1121 West Hwy 290 - Under Contract
1,274 SF | Elgin, TX
12100 Anderson Mill Land - Under Contract
6.95 Acres | Austin, TX
Babcock Retail Center - Under Contract
11,084 SF | San Antonio, TX
1605 Dungan Lane - Under Contract
20,860 SF | Austin, TX
AT&T Store - Closed
2,400 SF | Texarkana, TX
Denny's - Closed
5,100 SF | Temple, TX
3310 Red River St - Closed
4,577 SF | Austin, TX
5902 Bee Cave Rd - Closed
5,400 SF | Austin, TX
9417 Brodie Ln - Closed
12,160 SF | Austin, TX
1700 Royston Ln - Closed
38,024 SF | Austin, TX
2927 Guadalupe St - Closed
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
Q1 2021 Austin Retail MarketView
• Absorption in Austin’s retail sector remained negative in Q1 2021, registering (121,507) sq. ft. of net demand. • Market-wide occupancy held steady quarter-over-quarter at 94.6%. The average asking rate decreased to $20.00 per sq. ft. • While absorption remained negative and asking rates decreased, the overall market continued to show signs of stabilization. With increased vaccinations and decreasing confirmed COVID-19 cases throughout the metro, retail establishments are hopeful for increased revenue streams in 2021. • Eleven projects delivered in Q1 2021, totaling 414,761 sq. ft. However, developers appear to remain hesitant to kickstart any additional retail projects as the total amount of new developments under active construction fell to 29 projects spanning 793,470 sq. ft.
• Absorption in Austin’s retail sector remained negative in Q1 2021, registering (121,507) sq. ft. of net demand. • Market-wide occupancy held steady quarter-over-quarter at 94.6%. The average asking rate decreased to $20.00 per sq. ft. • While absorption remained negative and asking rates decreased, the overall market continued to show signs of stabilization. With increased vaccinations and decreasing confirmed COVID-19 cases throughout the metro, retail establishments are hopeful for increased revenue streams in 2021. • Eleven projects delivered in Q1 2021, totaling 414,761 sq. ft. However, developers appear to remain hesitant to kickstart any additional retail projects as the total amount of new developments under active construction fell to 29 projects spanning 793,470 sq. ft.
Q1 2021 Austin Office MarketView
The Austin office market experienced another period of negative absorption, registering (802,393) of net demand. Vacancy increased quarter-over-quarter to 19.1% and availability increased to 24.9%. Average Full-Service Gross asking rates increased to $40.57 per sq. ft., driven due to an increase in both OPEX and NNN asking rates. Despite the rising vacancy rates and negative absorption, the Austin office market is poised for a strong rebound as numerous companies have announced intentions to relocate to the Capitol or expand their current footprints. The trend of slowing development activity continued into Q1 2021 with the overall pipeline falling to 5.28 million sq. ft., down from a high of 6.9 million sq. ft. in Q1 2020.
The Austin office market experienced another period of negative absorption, registering (802,393) of net demand. Vacancy increased quarter-over-quarter to 19.1% and availability increased to 24.9%. Average Full-Service Gross asking rates increased to $40.57 per sq. ft., driven due to an increase in both OPEX and NNN asking rates. Despite the rising vacancy rates and negative absorption, the Austin office market is poised for a strong rebound as numerous companies have announced intentions to relocate to the Capitol or expand their current footprints. The trend of slowing development activity continued into Q1 2021 with the overall pipeline falling to 5.28 million sq. ft., down from a high of 6.9 million sq. ft. in Q1 2020.
Q1 2021 Austin Industrial MarketView
The robust demand for distribution space during 2020 has driven developers to become increasingly bullish on the Austin market. The industrial development pipeline grew to 19 projects under active construction spread across 2.2 million sq. ft. in Q1 2021, up from 15 projects spread across 1.5 million sq. ft. in Q4 2020. Quarter-over-quarter, average asking rates remained flat at $10.17 per sq. ft. Occupancy continued to tighten throughout the market, with vacancy rates decreasing 110 basis points to 7.1% in Q1 2021.
The robust demand for distribution space during 2020 has driven developers to become increasingly bullish on the Austin market. The industrial development pipeline grew to 19 projects under active construction spread across 2.2 million sq. ft. in Q1 2021, up from 15 projects spread across 1.5 million sq. ft. in Q4 2020. Quarter-over-quarter, average asking rates remained flat at $10.17 per sq. ft. Occupancy continued to tighten throughout the market, with vacancy rates decreasing 110 basis points to 7.1% in Q1 2021.
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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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Offices
Austin
500 West 2nd StreetSuite 1700
Austin, TX 78701