Female Empowerment Breaks Ground in Austin with the New WORKBENCH Office Development

WORKBENCH, a 50,000 SF office development breaking ground in East Austin, is proudly 50% owned by women equity partners. Led by female founders Jennifer Seay, Shawna Sieck, and DeLea Becker, WORKBENCH stands as a symbol of progress for women in commercial real estate. This sustainable, women-led project aims to inspire female investors, entrepreneurs, and leaders to reshape the future of Austin’s business landscape.

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Exploring East Austin’s Transformation

East Austin was intentionally divided by the 1928 Master Plan, pushing minorities to one side and creating a division that would last for decades. Today, it’s not just about developing properties; it’s about preserving the rich history while steering the area toward a prosperous future. This isn’t just a business for me—it’s personal. We’re not just building structures; we’re rebuilding a community, keeping its authenticity intact while guiding it through explosive growth.

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The Queen of East Austin

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.

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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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Dr. Lloyd Potter | TEXAS DEMOGRAPHER

For their debut episode, the Texas Triangle Podcast had the honor of gaining insight from esteemed Dr. Lloyd Potter, a Texas State demographer. Read more information and statistics shared at the 2024 Texas Demographic Conference.

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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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The Texas Triangle Podcast Ep. 14: Office Leasing + Pickelball

Welcome to an exhilarating episode of The Texas Triangle, where we dive deep into the ever-evolving world of office spaces. Join our hosts as they explore innovative design concepts, community-building strategies, and the surprising connection between commercial real estate and the trendy sport of pickleball. Get ready for a journey that fuses work, creativity, and boundless possibilities!

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Tripe Net (NNN) Rent Explained

What is triple net rent or N-N-N? Triple net rent, or N-N-N rent, is a type of commercial lease agreement where the tenant is responsible for paying all the operating expenses of the property in addition to the Base Rent. The operating expenses include property taxes, insurance premiums, and maintenance fees. This means that the tenant is responsible for all the costs associated with the property’s operation and upkeep, and the landlord is only responsible for the structural components of the building. Triple net rent agreements are commonly used in commercial real estate leasing situations where landlords want to pass the property’s expenses on to tenants without having to manage those expenses themselves.

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