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Demand for office space is abundant, but both the user and the location of space is changing. The Downtown, Northwest and Southwest office markets attract different workforces and age demographics. As millennials are drawn to Downtown, density is increasing and space is being leased before development is complete. What industries are driving the demand and how has the Downtown tenant shifted from service-oriented to tech-focused? How are the other regions being leased and becoming more active?
From The Domain to the Innovation Zone, the Green Water Project to the Seaholm District and expansion into East Austin, there is much to talk about within the region. Hear directly from the top players regarding new development, ongoing development and redevelopment. Learn how these projects will impact your business and the real estate markets in the city at large as well as broader regional demand.
Austin is extremely attractive for investors locally, across the country and internationally. Due to some barriers to entry, institutional investors have shown an interest in the marketplace. Find out why demand is high for value-add multifamily properties creating a highly competitive market and rising rental rates. Gain insights on why investors in the office market are paying more than in the past, putting Austin in one of the top five markets for investment price increases. And, with technology as a large economic driver, many West Coast investors are comfortable and eager to enter the market. The market leaders gather to discuss why investment in Austin is piquing interest.
With an anticipated 36,500 added jobs being added in 2015 and about 120 people migrating to Austin per day, growth is inevitable. Austin is growing so rapidly that there isn't any area or organization that hasn't been working to keep pace with the growth. This is a work in progress and the story is not completely told yet. Hear from the local leaders as they discuss the past present and future of Austin including developments in the pipeline, the new Dell Medical Center in the works, the creation of governmental districts, barriers to entry and more.
CHICAGO—The SEC has just approved new rules that will change how REITs report to their investors and ADISA says it's time to figure out how to implement them.
MARLTON, NJ—Wolf Commercial Real Estate has been busy in the first quarter, selling a 72,000 square-foot warehouse and leasing 100,000 square feet of space for Somerset Properties, a major client. It also backfilled space being vacated by Hill International at 303 Lippincott Drive as the engineering firm moves to Philadelphia.