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. 🏢

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.

Michelle Anderson recently negotiated her son’s - Dylan Disu- NIL (Name, Image, and Likeness) contract at the University of Texas. Here is her take on similarities between NIL contract and commercial real estate contract negotiaitons.

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.

"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. 🏢

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.

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.

If you have not already, you should check out the Real Estate Market Niche Show, hosted by Benjamin S. Kogut. The podcast features real estate powerhouses innovating the real estate industry across all relevant niches. Benjamin allows these professionals to give insight into their journey in real estate and through their expertise and experience, extend valuable information to listeners. Wednesday, August 17, 2022, our very own DeLea Becker will be featured on the Real Estate Market Niche Show. You won’t want to miss this episode and some insightful gems on the commercial real estate industry from the “Queen of East Austin”.

Beck-Reit Commercial Real Estate listed The Cat Noir Hotel on September 1st, 2021. We had multiple offers in less than 24 hours & within a week the property was under contract…. after a bidding war that drove the price above asking.

"Everyone in this room right now should feel extremely lucky working in this city"

On June 23rd, DeLea Becker spoke alongside fellow Commercial Real Estate Experts at the REDNews 2021 Summit Retail panel about opportunities and trends of the Austin Market.

REDNews has been the first word in Texas Commercial Real Estate for over 25 years now. Their Summits brings together dozens of experts to speak on the “State of the Market” in their view. This year’s Summit will take place on June 23rd in Austin!

Beck-Reit Commercial is proud to sponsor the event once again this year, and even more excited to see our own DeLea Becker speaking as a panel-member on opportunities and trends in the current retail market! Her panel starts at 10:25AM. The Retail Market Panel will also include the following market experts:

Beck-Reit is Always Proud to Sponsor the REDNews Annual Summit! DeLea is joined by other panelist from

• Endeavor Real Estate Group

• CBRE

• The Retail Connection

Since the very first building DeLea Becker purchased and renovated, she has been honed in on the East Side.

"Tenants should remember to always engage an experienced commercial agent then communicate with the landlord next in order to ensure a win-win situation for all parties during negotiations of lease extension. ” - DeLea Becker