Recent Industrial Leases In Austin

By Author: Patrick Oconnor
Total Articles: 42
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In the recent quarters, the Austin market has noted significant changes in industrial occupancy. Compared to the first quarter of 2011, occupancy shows an increase of 1.22% in the same quarter this year. Comparing the second and fourth quarters of 2011, average rent has decreased by 0.02%. Some of the recent office leases recorded in the market of Austin is as follows:

In the month February 2012, DelStar has leased 80,000 square-feet at 220 E St Elmo Rd, an 86,000 square-foot warehouse facility located at 220 East Saint Elmo Road in Austin, Travis County, from Twin Oaks Association Ltd. The 40-year-old facility is fully leased occupied. Completed in 1972, the 39-year-old property is fully occupied. The property is situated on 3.72 acres. The property rent type is industrial gross. The facility is located at the north of Willow Springs road and east of E Saint Elmo road. Jerry Heare, SIOR of NAI REOC Austin represented the tenant.

Another significant lease for the month is the lease at Amorron 6. C & H Technologies Inc has leased 6,825 square feet at Amorron 6, a 52,000 square-foot office/warehouse facility ...
... located at 800 Paloma Drive in Round Rock, Williamson County, from LIT Finance III LLC, an entity of LIT Industrial Texas LP. The three-year-old property is 94% occupied with average rents $0.65 per square foot. Built in 2008, the facility is located on 19.26 acres. The property has access only to the Paloma Drive. The contiguous space available is 2,746, and the rent type is triple net. Charles Harvey with Don Quick & Associates represented the tenant, while Daniel Farrar, Will Nichols and Sam Owen of Stream represented the landlord.

Another significant lease for the month is the lease at Braker 4. Fastenal Company has leased 4,490 square feet at Braker 4, a 46,000 square-foot warehouse facility located at 2120 West Braker Lane in Austin, Travis County, from Texas Industrial REIT Portfolio LP, an entity of Stream. The 27-year-old facility is 42% occupied with average rents at $0.75 per square foot. The facility is located on 5.32 acres with rent type of Triple Net. Sam Owen of Stream represented the tenant, while Daniel Farrar and Will Nichols of Stream represented the landlord in house.

Timely and accurate real estate market data increases transparency for real estate markets. It also helps to dampen the amplitude fluctuations. OConnordata rental databases are updated monthly or more often if information becomes available. The Market Research and Consulting division of O’Connor & Associates provides information necessary to make decision to commercial real estate professionals. Occupancy and Rental Data, ownership and management information are routinely gathered for four major land uses – multifamily, office, retail and industrial. This information allows investors to compare competitive properties, facilitate business decisions and track market and submarket performance. In addition the data is useful to brokers who for example continually monitor Houston retail space leasing, Houston office space leasing, Austin Industrial Space Dallas retail space leasing, Dallas industrial leasing, Houston industrial space leasing, Houston apartments, Austin Industrial Lease Dallas apartments, Fort Worth apartments, Austin apartments, and San Antonio apartments.