Recent Marketplace Articles

"Landlords are giving away large amounts of free rent — six, eight months, even up to a year — to entice tenants to move into their space… Any income, especially on new construction, is better than vacancy because vacancy costs you money" in taxes, insurance and other expenses…

…Now is a great time for startups and companies looking to expand to make deals because they can negotiate concessions from landlords."
- Austin American-Statesman - January 7, 2009

"Austin’s overall office vacancy rose to 19 percent in 2008, compared with a 14 percent overall vacancy rate in 2007… Austin’s Class A office properties in 2008 totaled 20 percent, up from 13 percent in 2007.

Landlords will likely increase concessions to attract and retain tenants in 2009."
- Austin Business Journal - January 6, 2009

Market Summary

Quarter 3, 2009
Austin Office Rental Rates Dropping – Distress is Upon Us
In spite of a recent run-up in the stock market over the past six (6) months, don’t think for a moment that commercial rental rates are going to follow suit. Rather, they are poised to go in exactly the opposite direction, in my opinion. Recent reports from almost every source find that commercial real estate fundamentals have dramatically weakened...
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Archived Market Summaries

Quarter 2, 2009 - Vacancy Rate is Rising

Published Articles by Joe Simmons

A Tale of Two Buildings: How Office Space Efficiency Affects Productivity and Saves Money
Austin Business District, Fall 2009

Looking to Move or Renegotiate Your Lease? Now May be the Time.
Austin Business District, Spring 2009