East Austin is Makin' News & We Love Talkin' About it!

Just as people started gearing up for times reminiscent of a pre-pandemic world folks were stunned by the economic swing that has some holding on for dear life, literally, while others are watching for the uptick to take a leap into opportunities and increase their fortunes. We at Beck-Reit thought it would be helpful to compile some noteworthy East Austin news for our community of small businesses, owners, and investors. So, here’s what’s been happening in our neck of the woods!

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Retail Space in Austin - Low Retail Vacancy & High Demand

Times are surely changing and there’s no place like Austin for retail. Driving across America, you may likely find some vacant retail strips or ghost towns with empty stores but definitely not in Austin! Austin is just the opposite of a typical US city, with a surprisingly lower retail vacancy since 2020. The capital of Texas now has the lowest retail vacancy rate for any city in the State of Texas and is also one of the lowest in the country.  Competition is fierce in major Retail Areas such as the Domain and other trendy shopping streets like South Congress, 2nd street Downtown, Burnet Rd, and East Austin. Properties command high rent and spaces have multiple businesses looking at each sight and competing with each other to be selected by the Landlord.

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2023 CREi Summit

The CREi Summit is the only conference of its kind where commercial real estate industry leaders share their best practices for honing and delivering marketing messages that win. Establish your own plan for thought leadership, a stronger personal brand, and close more deals. Your success blesses others!

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Austin Artifact : 2110 South Congress Available for Lease

Situated on the iconic South Congress Avenue is a great piece of family-owned, Austin history that’s been around since the 50’s. Formerly known as “Lockhart’s”, this property is now home to Meteor Coffee, and possibly a new home for your business or someone you know looking for a high visibility space with great opportunity for growth. 1815 SF Off/Retail For Lease.

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Austin Women Trailblazers

Bisnow is honoring Austin’s most influential trailblazers - Top-level women executives and industry powerhouses who influence the way commercial real estate is done in ATX. Read the article full of quotes by our Founder DeLea Becker : “Building The Plane While Flying It”: Women In Austin CRE Are Soaring

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Less than 3% of Commercial Real Estate is Owned and Managed by Women

According to research by BiggerPockets, women represent less than 2% of commercial real estate investors. This figure is surprising given that more women own and manage their own businesses today than ever before. Commercial real estate is an asset class that offers tremendous potential for growth, especially when you consider the current market conditions. However, most women are not investing in commercial real estate for one main reason: lack of knowledge about how it works and how they can get started investing. But this isn't true for Women In Commercial Real Estate. For Women in our profession, investing is squarely in our Circle of Competence.

There is potential to create $1 trillion dollars of value for women in commercial real estate by 2025 if we start investing like men. It's a $3.5 trillion dollar industry, and it's the largest one in the world.

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NOW HIRING | OPERATIONS MANAGER & EXECUTIVE ASSISTANT 2022

We are looking for a dynamic & high-energy Manager who has strong fundamental accounting skills, office administration experience, and a passion to learn new techniques/software/procedures. Austin is in the top 5 Commercial Real Estate Markets in the world, our services are in high demand.

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Burnout is a Thing, especially coming off 2020 & 2021

2020 & 2021 = Epic, Challenging, Chaotic, Booming Market & Money to Spend

2022 is a New Year, but the writing on the wall shows we are in for more of the same, particularly if you are in the Commercial Real Estate industry. There is more liquid money in the market than ever before. People are eager to Make Money and Invest Money to Protect Wealth. At Beck-Reit we could work 24/7 but to perform and be at “Top Of Our Game” we need to “Slow Down to Speed Up”.

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