The Future of Texas Office Spaces: Innovation Driving the Real Estate Revolution 🚀

Discover the game-changing trends transforming Texas office spaces in our latest blog! We break down the major shifts shaking up the commercial real estate landscape, from soaring vacancy rates to breakthrough strategies revolutionizing leasing. Talent acquisition is the name of the game for businesses, so their needs drive leasing. Whether you’re an investor, developer, or business leader, this guide will help you navigate the evolving office market and stay ahead of the curve. 🏢

Explore why East Austin is the crown jewel of real estate in this in-depth look at its rich history, unique development, and the forces driving its rapid growth. DeLea Becker the Queen Of East Austin and a panel of fellow developers at BISNOW take you through visionary projects and community efforts are shaping the future of this dynamic area.

WHY IT MATTERS: Construction quality is not just about the aesthetics or durability of a building; it has a direct impact on insurance premiums. Poor construction practices can lead to significant issues such as water infiltration, structural damage, and increased maintenance costs, all of which drive up insurance claims and premiums.

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!

Seeing Signs? Rising vacancy rates, higher concessions, slower rent growth, longer lease negotiations, and increasing sublease space. Discover essential strategies for navigating a softening commercial real estate market.

Disney has been buying up land around Jarrell, Texas for years now. The latest rumor is Disney bought 9,000 acres between Solado and Jarrell. What is Disney planning on building on all the land they’ve purchased? Salano Ranch - 9,000 acre Family Owned ranch set to close by June 2023

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.

DeLea Becker and Mark Vornberg met for the first time in 2017 for lunch at an old-school dinner in East Austin - Chu-Mikals. Excited to announce our first Partnership in a Commercial Real Estate Development together. 2422 East 7th - 50,000 SF Office and Retail Building in their beloved neighborhood - East Austin

"Unlocking the Future of Texas Office Spaces: Where Innovation Meets Real Estate Revolution! 🚀 Dive into our latest blog post as we unveil the seismic shifts reshaping the commercial real estate horizon across the Lone Star State. From sky-high vacancy rates to ingenious strategies that redefine leasing dynamics, this article is your gateway to navigating the winds of change. Get ready to explore pickleball-powered spaces, 'hall select' customization and the art of crafting workplaces that inspire. If you're captivated by the fusion of innovation and real estate, this read is your compass to the future. 🏢

The Mann Report publication wrote an inspiring article geared towards to importance of bringing owners into CRE. It’s no surprise that Beck-Reit’s own DeLea Becker was top of mind on this topic, as bringing more women into Commercial Real Estate is probably her favorite passion project.

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

Searching in San Antonio, Austin, DFW, Houston and everywhere in between - #TexasTriangle

• Looking for up to $1 million

• Office / Industrial / Retail

Please send over any and all options! delea@beckreit.com & office@beckreit.com

3110 S. Lamar Austin, TX 78704 is now a part of Beck-Reit Commercial Real Estate’s portfolio. Secured in a 1031 Exchange | Off-Market Deal. This Advanced Autoparts is situated on one of the most desirable streets in Austin. The current lease gives time for entitlement and development plans (3 year + process in Austin) so we will be poised with the Demolition Permit the day the lease ends.

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.