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. 🏢

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!

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.

Beck-Reit recently represented the Landlord in an East Austin office listing. It was under contract within a week. The following tips detail how we made it happen.

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. 🏢

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!

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.

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.

“I like money. I do, I like numbers, I like negotiating, I like the challenge of turning a no into a yes. I really do like money. I like knowing I have it, I grew up in a house where there was never enough. Raised by a single mom OnlyParent. Not going to sit here and tell you I only do what I do to take care of other people. Because it is OK to do it for ourselves. For how it makes us feel. Secure - yeah. Powerful - Absolutely. I am so glad that it is finally acceptable for women to talk about AMBITION openly. But don’t let money be a dirty word. We can like that too”

Learn why commercial landlords, tenants, and brokers nationwide are embracing Otso in every lease deal.

Texas REALTORS® Global and Commercial hosted a May 2019 webinar: Doing Business in Texas -The Austin Market. DeLea Becker, owner of Beck-Reit Commercial Real Estate LLC, gave an overview of the Austin CRE market, and explained how Austin fits into the Texas landscape.  The webinar is recored for viewing if you missed the live event.