austin office marketwatch - texas a&m university · 2017-07-06 · coyright 2017 transwestern....

AUSTIN OFFICE MARKET WATCHJUNE 2017

REAL ESTATE OUTLOOK

Recent Office Leases

Northwest :: Hays Software (renew) 11,110 SF at Riata Gateway

Northwest :: Fathom Water Mgmt (subls) 14,053 SF at Riata Corporate Park 7

CBD :: Dykema Gosset 10,891 SF at One Eleven Congress

Central :: Cobb Fendley & Assoc. 16,444 SF at Centennial Towers

Recent Office Sales

Southwest :: Capital Ridge 320 S. Capital of Texas Highway 217,000 SF 7 story Class A office building Buyer: GLL Real Estate Partners Seller: Miller Global JV Riverside Resources

OFFICE LEASE STATISTICS :: VACANCY & RENTAL RATE

All office buildings larger than 25,000 SF excluding government, medical, user campuses and office condos.

Monthly Office Lease Statistics By Submarket

SUBMARKETNO. OF BLDGS INVENTORY

YTD NET ABSORPTION

YTD LEASING ACTIVITY

DIRECT OCCUP.

TOTAL OCCUP.

CLASS A NET RENT

CLASS B NET RENT

CLASS C NET RENT

AVE NET RENT

CBD 85 13,012,400 428,149 362,145 92.9% 91.7% $41.32 $28.82 $29.28 $36.85

Central & West Central 79 5,433,337 106 114,446 95.0% 94.5% $30.83 $19.86 $19.59 $22.65

North 67 7,046,571 315,923 104,676 93.6% 92.4% $29.03 $19.71 $14.92 $22.64

Northeast & East 72 5,790,570 314,829 297,979 87.0% 86.9% $25.99 $17.81 $15.83 $18.96

Northwest & Far NW 216 16,936,745 (143,272) 414,232 91.9% 89.7% $23.44 $19.18 $17.24 $21.52

Round Rock & Cedar Park 47 3,044,111 88,748 67,560 88.4% 87.9% $21.70 $19.61 $14.82 $19.97

South 41 2,835,600 (1,649) 84,415 93.6% 92.8% $23.00 $20.58 $14.66 $19.80

Southeast 21 2,365,372 (5,464) 562,657 90.2% 90.1% $17.50 $16.51 $15.65 $15.47

Southwest 134 11,274,737 429,276 409,129 91.1% 89.6% $25.35 $20.59 $17.54 $24.00

AUSTIN 762 67,739,443 1,426,646 2,417,239 91.8% 90.5% $29.58 $20.17 $18.36 $24.52

Office Sales StatisticsAUSTIN

TRAILING 12 MO.

AUSTIN Q1 2017

AUSTIN QUARTER TO DATE

U.S. TRAILING

12 MO.U.S.

Q1 2017

Volume ($ Mil) $2,842.3 $539.9 $123.5 $139,691 $28,758.5

No. of Properties 77 14 5 5,769 1,428

Total SF 9,849,227 2,036,349 354,064 583,995,689 124,764,923

Average Price/SF $299 $341 $382 $253 $246

Average Cap Rate (Yield) 6.3% 5.4% N/A 6.6% 6.7%

SOURCE: Real Capital Analytics

SOURCE: Transwestern, CoStar

0.0%

5.0%

10.0%

15.0%

20.0%

$20.00

$24.00

$28.00

$32.00

$36.0025.0%

$20.00

$24.00

$28.00

$32.00

$36.00

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

10 11 12 13 14 15 16 17

VACANCY (%)GROSS RENT PSF ($)

QT

D

Copyright © 2017 Transwestern. All rights reserved. No part of this work may be reproduced or distributed to third parties without written permission of the copyright owner. The information contained in this report was gathered by Transwestern from CoStar and other primary and secondary sources believed to be reliable. Transwestern, however, makes no representation concerning the accuracy or completeness of such information and expressly disclaims any responsibility for any inaccuracy contained herein.

METHODOLOGY

The information in this report is the result of a compilation of information on office properties located in the Austin metropolitan area. This report includes single-tenant and multi-tenant properties 25,000 SF and larger, excluding condo and medical office facilities and those properties owned and occupied by a government agency. Unless otherwise stated, the statistics in this report are monthly, meaning they reflect a ‘snapshot in time’ and are not cumulative. Net Absorption refers to the change in vacant space. Gross Leasing Activity refers to the change in available space, including renewals, new leases, expansions and subleases.

CONTACT

Karen JudsonVice [email protected]

T 512.328.5600 F 512.328.9309www.transwestern.com/austin

901 S MoPac Expressway, Suite 4-250Austin, Texas 78746


About Transwestern

Transwestern is a privately held, SSAE 16 compliant commercial real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. As a member of the Transwestern family of companies, the firm capitalizes on market insights and operational expertise of independent affiliates specializing in development, real estate investment management and research. Based in Houston, Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 40 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit transwestern.com/austin and follow us on Twitter: @TranswesternATX.

Austin Team Members

Ty Puckett, Executive Vice President Development & Investment Sales (512) 314.3572 [email protected] Umstattd, Executive Managing Director Investment Sales & Corp. Services (512) 314.3551 [email protected] Myers, Managing Director Investment Sales (512) 314.3571 [email protected] Rogers, Managing Director Investment Sales - Multifamily (512) 314.5207 [email protected] Stutzman, Managing Director Investment Sales - Multifamily (512) 314.5203 [email protected] Brown, Senior Vice President Agency Leasing & Business Development (512) 314.3552 [email protected] Reed, Senior Vice President Tenant Advisory (512) 314.3577 [email protected] Johnson, Vice President Agency Leasing (512) 314.3570 [email protected] Wheeler, Vice President Agency Leasing & Tenant Advisory (512) 314.3553 [email protected] Stewart, Vice President Agency Leasing & Tenant Advisory (512) 314.3574 [email protected] Lester, Vice President Agency Leasing & Tenant Advisory (512) 314.3576 [email protected] Wright, Vice President Tenant Advisory (512) 314.5205 [email protected] Delk, Vice President Development & Investment Sales (512) 314.3557 [email protected] Frisbie, Senior Associate Agency Leasing & Tenant Advisory (512) 314.5204 [email protected] Gaston, Executive Vice President Southwest | Regional Leader (512) 314.3554 [email protected] Judson, Vice President Marketing & Research (512) 314.3560 [email protected]

SEATTLE

WALNUT CREEK

LOS ANGELES

SALT LAKECITY

DENVER

MINNEAPOLIS

MILWAUKEE

ST. LOUIS

CHICAGO

DETROIT GREENWICHNEW YORK

NEW JERSEY

BALTIMORENORTHERNVIRGINIA

BETHESDAWASHINGTON DC

DALLASFORTWORTH

HOUSTONAUSTIN

SAN ANTONIO

OKLAHOMACITY

NEW ORLEANS

ATLANTA

FORT LAUDERDALEORLANDO

MIAMI-DADE

SANFRANCISCO

PHOENIXORANGE COUNTY

SAN DIEGO

BOSTON

SILICONVALLEY

TRANSWESTERNLOCATIONS

AUSTIN OFFICE MARKET WATCHMAY 2017

REAL ESTATE OUTLOOK


Northwest :: Indeed.com (renew) 75,000 SF at Reserve at Bull Creek

CBD :: LogicMonitor 10,135 SF at 500 West 2nd

Southwest :: Northwestern Mutual 16,000 SF at 3700 San Clemente

Southwest :: NSS Labs 23,000 SF at The Park on Barton Creek

Recent Office Sales

Northeast :: Strictly Pediatrics 1301 Barbara Jordan Blvd 4-story medical office building 127,338 SF Buyer: Physicians Realty Trust Seller: Strictly Pedicatrics Land Co., LLC





YTD NET ABSORPTION


DIRECT OCCUP.

TOTAL OCCUP.

CLASS A NET RENT

CLASS B NET RENT

CLASS C NET RENT

AVE NET RENT

CBD 83 12,707,222 119,180 324,454 92.7% 91.8% $41.32 $28.48 $26.66 $36.57

Central & West Central 79 5,433,337 (61,833) 102,157 93.9% 93.4% $30.68 $20.21 $19.58 $22.79

North 67 7,046,571 350,253 100,177 93.9% 92.9% $28.89 $19.99 $14.50 $22.76

Northeast & East 72 5,790,570 292,044 291,444 87.2% 86.5% $25.99 $17.51 $15.78 $18.74

Northwest & Far NW 216 16,936,745 (88,930) 366,226 91.8% 90.0% $23.45 $19.17 $17.47 $21.53


South 41 2,835,600 5,037 46,800 93.5% 93.0% $23.91 $19.24 $14.40 $19.29

Southeast 21 2,365,372 (11,921) 562,657 90.0% 89.8% $17.50 $16.51 $15.18 $15.35

Southwest 133 11,246,950 392,319 369,186 91.3% 89.5% $25.29 $20.22 $17.02 $23.86

AUSTIN 758 67,376,478 1,020,805 2,209,871 91.7% 90.5% $29.45 $20.08 $17.88 $24.38


TRAILING 12 MO.

AUSTIN Q1 2017


U.S. TRAILING

12 MO.U.S.

Q1 2017

Volume ($ Mil) $2,842.3 $539.9 $123.5 $139,913.8 $28,692.7

No. of Properties 77 14 5 5,754 1,419

Total SF 9,849,227 2,036,349 354,064 583,207,693 123,910,656

Average Price/SF $299 $341 $382 $254 $248




0.0%

5.0%

10.0%

15.0%

20.0%

$20.00

$24.00

$28.00

$32.00

$36.0025.0%

$20.00

$24.00

$28.00

$32.00

$36.00

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

10 11 12 13 14 15 16 17


QT

D


METHODOLOGY


CONTACT




AUSTIN OFFICE MARKET WATCHMAY 2017

About Transwestern


Austin Team Members

Ty Puckett, Executive Vice President Development & Investment Sales (512) 314.3572 [email protected] Umstattd, Executive Managing Director Investment Sales & Corp. Services (512) 314.3551 [email protected] Myers, Managing Director Investment Sales (512) 314.3571 [email protected] Rogers, Managing Director Investment Sales - Multifamily (512) 314.5207 [email protected] Stutzman, Managing Director Investment Sales - Multifamily (512) 314.5203 [email protected] Brown, Senior Vice President Agency Leasing & Business Development (512) 314.3552 [email protected] Reed, Senior Vice President Tenant Advisory (512) 314.3577 [email protected] Johnson, Vice President Agency Leasing (512) 314.3570 [email protected] Wheeler, Vice President Agency Leasing & Tenant Advisory (512) 314.3553 [email protected] Stewart, Vice President Agency Leasing & Tenant Advisory (512) 314.3574 [email protected] Lester, Vice President Agency Leasing & Tenant Advisory (512) 314.3576 [email protected] Wright, Vice President Tenant Advisory (512) 314.5205 [email protected] Delk, Vice President Development & Investment Sales (512) 314.3557 [email protected] Gaston, Executive Vice President Southwest | Regional Leader (512) 314.3554 [email protected] Judson, Vice President Marketing & Research (512) 314.3560 [email protected]

SEATTLE

WALNUT CREEK

LOS ANGELES

SALT LAKECITY

DENVER

MINNEAPOLIS

MILWAUKEE

ST. LOUIS

CHICAGO


NEW JERSEY



DALLASFORTWORTH

HOUSTONAUSTIN

SAN ANTONIO

OKLAHOMACITY

NEW ORLEANS

ATLANTA


MIAMI-DADE

SANFRANCISCO


SAN DIEGO

BOSTON

SILICONVALLEY


AUSTIN OFFICE MARKET WATCHAPRIL 2017

REAL ESTATE OUTLOOK


Northwest :: Lithium Technologies 12,069 SF at Northpoint Center II

Northeast :: Austin Regional Clinic (renew) 70,215 SF at American Founders Bldg.

Far Northwest :: Fathom Technologies 14,053 SF at Riata Corp Park 7 (sublease)

CBD :: Firmspace 33,932 SF at 500 West 2nd Street

Recent Office Sales

CBD :: 100 Congress 100 Congress Avenue 33-story office building totaling 411,536 SF Buyer: Invesco / Mass. Mutual Life Ins. Seller: MetLife





YTD NET ABSORPTION


DIRECT OCCUP.

TOTAL OCCUP.

CLASS A NET RENT

CLASS B NET RENT

CLASS C NET RENT

AVE NET RENT

CBD 83 12,202,222 (127,052) 190,971 94.4% 93.6% $40.46 $28.76 $27.92 $36.19

Central & West Central 79 5,433,097 2,286 52,003 95.2% 94.6% $29.78 $20.47 $20.40 $22.88

North 67 7,046,571 377,929 66,529 94.1% 93.3% $28.09 $19.87 $13.20 $22.38

Northeast & East 72 5,819,232 226,852 290,554 86.1% 85.5% $25.99 $17.32 $14.16 $18.41

Northwest & Far NW 214 16,768,907 (189,629) 249,439 92.0% 89.9% $23.43 $19.22 $16.79 $21.49


South 41 2,835,600 (15,789) 39,680 92.7% 92.3% $23.57 $19.50 $18.07 $20.21

Southeast 21 2,365,372 (5,955) 556,200 90.2% 90.1% $17.50 $16.53 $15.01 $15.32

Southwest 131 11,097,886 265,150 214,947 91.3% 89.5% $26.19 $20.74 $17.54 $24.65

AUSTIN 755 66,694,936 559,497 1,704,810 91.9% 90.7% $29.14 $20.22 $18.32 $24.33


TRAILING 12 MO.

AUSTIN Q1 2017


U.S. TRAILING

12 MO.U.S.

Q1 2017

Volume ($ Mil) $2,699.7 $393.8 $0 $138,055.5 $26,941.8

No. of Properties 72 10 0 5,453 1,279

Total SF 9,131,711 1,326,187 0 570,136,405 114,578,354

Average Price/SF $289 $302 N/A $256 $250




0.0%

5.0%

10.0%

15.0%

20.0%

$20.00

$24.00

$28.00

$32.00

$36.0025.0%

$20.00

$24.00

$28.00

$32.00

$36.00

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

10 11 12 13 14 15 16 17


QT

D


METHODOLOGY


CONTACT




AUSTIN OFFICE MARKET WATCHAPRIL 2017

About Transwestern


Austin Team Members

Ty Puckett, Executive Vice President Development & Investment Sales (512) 314.3572 [email protected] Umstattd, Executive Managing Director Investment Sales & Corp. Services (512) 314.3551 [email protected] Gallagher, Managing Director Investment Sales (512) 314.3571 [email protected] Rogers, Managing Director Investment Sales - Multifamily (512) 314.5207 [email protected] Stutzman, Managing Director Investment Sales - Multifamily (512) 314.5203 [email protected] Brown, Senior Vice President Agency Leasing & Business Development (512) 314.3552 [email protected] Reed, Senior Vice President Tenant Advisory (512) 314.3577 [email protected] Johnson, Vice President Agency Leasing (512) 314.3570 [email protected] Wheeler, Vice President Agency Leasing & Tenant Advisory (512) 314.3553 [email protected] Stewart, Vice President Agency Leasing & Tenant Advisory (512) 314.3574 [email protected] Lester, Vice President Agency Leasing & Tenant Advisory (512) 314.3576 [email protected] Wright, Vice President Tenant Advisory (512) 314.5205 [email protected] Delk, Vice President Development & Investment Sales (512) 314.3557 [email protected] Fike, Associate Tenant Advisory & Agency Leasing (512) 314.5215 [email protected] Gaston, Executive Vice President Southwest | Regional Leader (512) 314.3554 [email protected] Judson, Vice President Marketing & Research (512) 314.3560 [email protected]

SEATTLE

WALNUT CREEK

LOS ANGELES

SALT LAKECITY

DENVER

MINNEAPOLIS

MILWAUKEE

ST. LOUIS

CHICAGO


NEW JERSEY



DALLASFORTWORTH

HOUSTONAUSTIN

SAN ANTONIO

OKLAHOMACITY

NEW ORLEANS

ATLANTA


MIAMI-DADE

SANFRANCISCO


SAN DIEGO

BOSTON

SILICONVALLEY


AUSTIN OFFICE MARKET WATCHFEBRUARY 2017

REAL ESTATE OUTLOOK


Northwest :: CDK Global (renew) 24,218 SF at Park Centre

Far Northwest :: Oracle, Inc. 60,562 SF at Amber Oaks F

Northwest :: Regus (renew) 21,265 SF at Great Hills Plaza

North :: Sachem Inc. (renew) 12,238 SF at Austin Oaks - Travis Building

Recent Office Sales

Far Northwest :: Riata Crossing 1-4 12535-12555 Riata Vista Circle 4 value office buildings totaling 324,963 SF Buyer: DivcoWest Real Estate Seller: Karlin Real Estate





YTD NET ABSORPTION


DIRECT OCCUP.

TOTAL OCCUP.

CLASS A NET RENT

CLASS B NET RENT

CLASS C NET RENT

AVE NET RENT

CBD 83 12,225,163 (155,821) 72,159 94.0% 93.3% $34.77 $28.01 $26.16 $32.21


North 66 6,747,957 (13,719) 8,514 92.2% 91.5% $27.19 $19.56 $13.50 $21.90

Northeast & East 71 6,050,151 242,952 2,163 87.5% 87.4% $25.99 $16.45 $13.28 $17.69

Northwest & Far NW 214 16,787,701 (106,166) 61,740 92.2% 90.8% $23.30 $19.80 $17.73 $21.69

Round Rock & Cedar Park 44 2,888,292 (6,808) 5,547 83.6% 83.5% $21.27 $18.29 $14.69 $19.10

South 41 2,821,097 (66,979) 8,596 92.3% 92.0% $22.73 $19.40 $17.74 $19.86

Southeast 20 2,271,626 (885) 553,278 90.0% 89.9% N/A $16.53 $14.58 $16.04

Southwest 130 11,010,738 90,629 128,492 92.0% 88.6% $25.31 $20.94 $18.00 $24.07

AUSTIN 747 66,183,402 26,794 865,932 91.9% 90.7% $27.47 $20.10 $18.04 $23.45


TRAILING 12 MO.

AUSTIN Q4 2016


U.S. TRAILING

12 MO.U.S.

Q4 2016

Volume ($ Mil) $2,363.8 $1,012.1 $120.0 $140,661.9 $39,970.5

No. of Properties 73 22 4 5,321 1,408

Total SF 8,153,947 3,341,597 441,405 575,222,774 159,926,722





0.0%

5.0%

10.0%

15.0%

20.0%

$20.00

$24.00

$28.00

$32.00

$36.0025.0%

$20.00

$24.00

$28.00

$32.00

$36.00

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

10 11 12 13 14 15 16


QT

D


METHODOLOGY


CONTACT





About Transwestern


Austin Team Members


SEATTLE

WALNUT CREEK

LOS ANGELES

SALT LAKECITY

DENVER

MINNEAPOLIS

MILWAUKEE

ST. LOUIS

CHICAGO


NEW JERSEY



DALLASFORTWORTH

HOUSTONAUSTIN

SAN ANTONIO

OKLAHOMACITY

NEW ORLEANS

ATLANTA


MIAMI-DADE

SANFRANCISCO


SAN DIEGO

BOSTON

SILICONVALLEY


AUSTIN OFFICE MARKET WATCHJANUARY 2017

REAL ESTATE OUTLOOK


Cedar Park :: Informatica 42,996 SF at Paloma Ridge B

Northwest :: Rodriguez Transportation Group 10,231 SF at Canyon Hills Office Center

Far Northwest :: 360 Mortgage (renew) 21,765 SF at Four Points Centre

Southwest :: Aeglea BioTherapeutics (exp) 11,000 SF at Barton Creek Plaza I

Recent Office Sales

North :: Exchange Park 7800 Shoal Creek Blvd. 151,917 Class B Office Building Buyer: Seamless Capital Seller: Equity Commonwealth





YTD NET ABSORPTION


DIRECT OCCUP.

TOTAL OCCUP.

CLASS A NET RENT

CLASS B NET RENT

CLASS C NET RENT

AVE NET RENT

CBD 83 12,284,893 (49,885) 32,603 94.8% 94.2% $34.82 $27.86 $22.00 $31.90

Central & West Central 78 5,380,677 46,863 0 95.6% 95.4% $27.44 $20.67 $19.83 $22.25

North 67 6,816,357 28,437 5,005 92.7% 92.2% $27.10 $19.49 $12.60 $21.79

Northeast & East 71 6,050,151 193,576 0 86.7% 86.6% $24.99 $15.59 $12.76 $16.85

Northwest & Far NW 214 16,800,419 (32,641) 33,368 92.6% 90.9% $23.22 $19.80 $15.86 $21.51

Round Rock & Cedar Park 44 2,888,292 (3,781) 0 83.7% 83.6% $20.02 $18.68 $14.99 $18.86

South 41 2,821,097 (55,224) 0 92.7% 92.4% $24.11 $18.76 $17.01 $19.72

Southeast 20 2,271,626 (10,205) 2,528 89.6% 89.5% N/A $16.53 $14.87 $16.12

Southwest 130 11,010,738 74,884 19,543 91.7% 88.5% $25.41 $21.37 $18.00 $24.25

AUSTIN 748 66,324,250 192,024 93,047 92.1% 90.9% $27.30 $19.92 $16.87 $23.19


TRAILING 12 MO.

AUSTIN Q4 2016


U.S. TRAILING

12 MO.U.S.

Q4 2016

Volume ($ Mil) $2,376.2 $1,024.5 $0 $139,474.6 $38,908.1

No. of Properties 71 20 0 5,249 1,349

Total SF 8,116,593 3,304,243 0 569,056,824 154,790,648

Average Price/SF $278 $217 $0 $258 $270




0.0%

5.0%

10.0%

15.0%

20.0%

$20.00

$24.00

$28.00

$32.00

$36.0025.0%

$20.00

$24.00

$28.00

$32.00

$36.00

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

10 11 12 13 14 15 16


QT

D


METHODOLOGY


CONTACT




AUSTIN OFFICE MARKET WATCHJANUARY 2017

About Transwestern


Austin Team Members


SEATTLE

WALNUT CREEK

LOS ANGELES

SALT LAKECITY

DENVER

MINNEAPOLIS

MILWAUKEE

ST. LOUIS

CHICAGO


NEW JERSEY



DALLASFORTWORTH

HOUSTONAUSTIN

SAN ANTONIO

OKLAHOMACITY

NEW ORLEANS

ATLANTA


MIAMI-DADE

SANFRANCISCO


SAN DIEGO

BOSTON

SILICONVALLEY


AUSTIN OFFICE MARKET WATCHOCTOBER 2016

REAL ESTATE OUTLOOK


Southwest :: Austin Energy (renew) 71,920 SF at 811 Barton

North :: Aristocrat Technologies Inc. 24,916 SF at Domain 1

Northeast :: TruSource Labs 35,565 SF at Parmer 3.2

Northwest :: Park University (renew) 11,336 SF at the Campus @ Arboretum II

Recent Office Sales

Far Northwest :: Aspen Lake 2 10124 Lake Creek Parkway 128,990 SF Single-Tenant Value Office Building Buyer: Azrieli Group Seller: Crimson Corp (Patrinely)





YTD NET ABSORPTION


DIRECT OCCUP.

TOTAL OCCUP.

CLASS A NET RENT

CLASS B NET RENT

CLASS C NET RENT

AVE NET RENT

CBD 82 12,242,925 131,314 615,384 94.5% 94.0% $34.98 $27.92 $23.19 $32.11


North 67 6,882,912 (108,245) 623,207 90.4% 89.7% $28.04 $19.21 $13.00 $21.94

Northeast & East 69 5,819,237 100,103 286,868 85.2% 85.2% $20.66 $16.08 $12.76 $16.46

Northwest & Far NW 214 16,810,721 316,701 1,159,914 92.6% 91.8% $23.00 $19.78 $15.95 $21.38


South 41 2,821,097 (87,283) 112,872 95.1% 94.6% $25.88 $18.27 $14.49 $19.33

Southeast 20 2,271,626 (13,452) 242,211 80.2% 80.2% N/A $16.52 $12.78 $15.59

Southwest 130 11,017,221 8,690 680,116 90.0% 87.7% $25.88 $20.53 $18.48 $24.39

AUSTIN 743 66,069,655 758,270 4,215,516 91.1% 90.3% $27.38 $19.67 $15.81 $23.02


TRAILING 12 MO.

AUSTIN Q3 2016


U.S. TRAILING

12 MO.U.S.

Q3 2016

Volume ($ Mil) $2,076.3 $693.3 $408.4 $141,528.1 $33,857.0

No. of Properties 63 20 3 5,398 1,256

Total SF 7,426,684 2,235,761 1,363,865 587,996,602 142,381,403





0.0%

5.0%

10.0%

15.0%

20.0%

$20.00

$24.00

$28.00

$32.00

$36.0025.0%

$20.00

$24.00

$28.00

$32.00

$36.00

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

10 11 12 13 14 15 16


QT

D


METHODOLOGY


CONTACT





About Transwestern

Transwestern is a privately held, SSAE 16 compliant commercial real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. As a member of the Transwestern family of companies, the firm capitalizes on market insights and operational expertise of independent affiliates specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 181 offices in 40 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit transwestern.com/austin and follow us on Twitter: @TranswesternATX.

Austin Team Members


SEATTLE

WALNUT CREEK

LOS ANGELES

SALT LAKECITY

DENVER

MINNEAPOLIS

MILWAUKEE

ST. LOUIS

CHICAGO


NEW JERSEY



DALLASFORTWORTH

HOUSTONAUSTIN

SAN ANTONIO

OKLAHOMACITY

NEW ORLEANS

ATLANTA


MIAMI-DADE

SANFRANCISCO


SAN DIEGO

BOSTON

SILICONVALLEY


AUSTIN OFFICE MARKET WATCHSEPTEMBER 2016

REAL ESTATE OUTLOOK


Northwest :: Bankers Toolbox (exp) 31,715 SF at Riata Corporate Park

Northwest :: SecuritiesNational Mortgage 19,891 SF at Arboretum Atrium

North :: Cantillo & Bennett (renew) 21,132 SF at Offices at the Domain I

Northwest :: SureTec (exp/renew) 17,524 SF at Arboretum Atrium

Recent Office Sales

Northwest :: Stonebridge Plaza I & II 9600 / 9606 North MoPac Expressway Two Class A office bldgs totaling 384,000 SF Buyer: KBS Seller: Heitman





YTD NET ABSORPTION


DIRECT OCCUP.

TOTAL OCCUP.

CLASS A NET RENT

CLASS B NET RENT

CLASS C NET RENT

AVE NET RENT

CBD 81 12,185,062 137,383 589,612 94.6% 94.2% $33.87 $27.91 $23.29 $31.40


North 67 6,813,902 (61,673) 299,440 90.7% 90.3% $28.15 $19.24 $13.00 $21.99

Northeast & East 68 5,509,029 (46,996) 89,209 82.8% 82.7% $20.66 $16.43 $12.95 $16.73

Northwest & Far NW 214 16,801,868 351,877 1,608,299 92.7% 92.0% $22.99 $19.77 $16.09 $21.38


South 41 2,821,097 (96,175) 92,997 94.7% 94.3% $23.81 $18.52 $14.50 $18.93

Southeast 20 2,271,626 (11,568) 237,774 80.3% 80.3% N/A $16.52 $12.50 $15.52

Southwest 131 11,055,490 41,400 655,365 90.5% 88.0% $25.37 $21.50 $19.01 $24.28

AUSTIN 742 65,738,209 726,564 4,048,595 91.1% 90.3% $27.02 $19.71 $16.01 $22.89


TRAILING 12 MO.

AUSTIN Q2 2016


U.S. TRAILING

12 MO.U.S.

Q2 2016

Volume ($ Mil) $1,725.7 $462.2 $440.0 $142,018.5 $33,408.4

No. of Properties 57 17 10 5,664 1,233

Total SF 6,475,772 1,645,454 1,562,180 615,227,523 132,810,794





0.0%

5.0%

10.0%

15.0%

20.0%

$18.00

$22.00

$26.00

$30.00

$34.0025.0%

$18.00

$22.00

$26.00

$30.00

$34.00

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

10 11 12 13 14 15 16


QT

D


METHODOLOGY


CONTACT





About Transwestern


Austin Team Members


SEATTLE

WALNUT CREEK

LOS ANGELES

SALT LAKECITY

DENVER

MINNEAPOLIS

MILWAUKEE

ST. LOUIS

CHICAGO


NEW JERSEY



DALLASFORTWORTH

HOUSTONAUSTIN

SAN ANTONIO

OKLAHOMACITY

NEW ORLEANS

ATLANTA


MIAMI-DADE

SANFRANCISCO


SAN DIEGO

BOSTON

SILICONVALLEY


AUSTIN OFFICE MARKET WATCHAUGUST 2016

REAL ESTATE OUTLOOK


Southeast :: Stalwart Films 92,294 SF at Bergstrom Tech Center 310

Northwest :: E2Open (renew/exp) 22,637 SF at Great Hills Plaza

North :: Accruent 104,448 SF at Domain 4

Northwest :: Worldpay USA (renew) 13,938 SF at Riata Corporate Park

Recent Office Sales

East :: Eastside Village 1645 East 6th Street 96,000 SF creative office building Buyer: CIM Group Seller: Transwestern





YTD NET ABSORPTION


DIRECT OCCUP.

TOTAL OCCUP.

CLASS A NET RENT

CLASS B NET RENT

CLASS C NET RENT

AVE NET RENT

CBD 81 12,185,062 83,222 488,935 94.3% 93.7% $34.55 $27.89 $22.42 $31.77


North 67 6,817,987 (111,781) 227,225 90.5% 89.5% $27.33 $20.02 $13.00 $22.22

Northeast & East 68 5,504,389 72,551 79,026 85.1% 85.0% $20.07 $13.82 $13.05 $14.79

Northwest & Far NW 213 16,825,924 262,336 927,455 92.5% 91.5% $22.08 $19.58 $17.29 $20.87


South 41 2,821,097 (72,351) 70,205 95.2% 95.2% $23.51 $20.29 $14.50 $19.74

Southeast 20 2,271,626 (13,169) 236,173 80.2% 80.2% N/A $18.04 $12.50 $16.66

Southwest 131 11,161,392 146,221 603,898 91.1% 88.9% $25.32 $20.68 $19.01 $24.03

AUSTIN 739 65,800,161 686,392 3,037,509 91.2% 90.4% $26.70 $19.56 $15.78 $22.65


TRAILING 12 MO.

AUSTIN Q2 2016


U.S. TRAILING

12 MO.U.S.

Q2 2016

Volume ($ Mil) $1,718.9 $455.4 $260.1 $141,369.2 $33,104.7

No. of Properties 55 15 3 5,604 1,177

Total SF 6,456,402 1,626,084 904,018 612,439,248 130,154,993





0.0%

5.0%

10.0%

15.0%

20.0%

$18.00

$22.00

$26.00

$30.00

$34.0025.0%

$18.00

$22.00

$26.00

$30.00

$34.00

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

10 11 12 13 14 15 16


QT

D


METHODOLOGY


CONTACT





About Transwestern


Austin Team Members


SEATTLE

WALNUT CREEK

LOS ANGELES

SALT LAKECITY

DENVER

MINNEAPOLIS

MILWAUKEE

ST. LOUIS

CHICAGO


NEW JERSEY



DALLASFORTWORTH

HOUSTONAUSTIN

SAN ANTONIO

OKLAHOMACITY

NEW ORLEANS

ATLANTA


MIAMI-DADE

SANFRANCISCO


SAN DIEGO

BOSTON

SILICONVALLEY


AUSTIN OFFICE MARKET WATCHJULY 2016

REAL ESTATE OUTLOOK


Southwest :: Samsung 101,596 SF at 3900 San Clemente

Far Northwest :: MobileIron (expansion) 15,018 SF at Riata Corporate Park

CBD :: Indeed.com 38,174 SF at 5th + Colorado

Cedar Park :: Austin Regional Clinic 20,287 SF at Cedar Park Medical Plaza C

Recent Office Sales

Northwest :: Champion Office Park I & II 2 Class A office buildings totaling 221,136 SF Buyer: Menlo Capital Seller: Granite Properties





YTD NET ABSORPTION


DIRECT OCCUP.

TOTAL OCCUP.

CLASS A NET RENT

CLASS B NET RENT

CLASS C NET RENT

AVE NET RENT

CBD 82 12,285,062 (61,719) 381,735 93.2% 92.6% $34.14 $27.54 $20.96 $31.30


North 67 6,822,144 (263,553) 224,909 88.3% 87.3% $27.33 $20.23 $13.00 $22.36

Northeast & East 68 5,503,889 29,848 45,286 84.3% 84.3% $20.07 $14.32 $13.75 $15.23

Northwest & Far NW 212 16,787,502 243,028 789,289 92.3% 91.3% $22.12 $19.52 $17.29 $20.87


South 41 2,821,097 (32,824) 47,793 96.6% 96.6% $22.92 $20.45 $14.00 $19.55

Southeast 20 2,267,598 (13,675) 225,439 80.1% 80.1% N/A $18.00 $12.96 $16.74

Southwest 130 11,126,545 100,469 403,875 91.0% 88.7% $25.00 $20.05 $19.79 $23.66

AUSTIN 737 65,771,158 312,601 2,511,623 90.7% 89.9% $26.56 $19.55 $15.74 $22.57


TRAILING 12 MO.

AUSTIN Q2 2016


U.S. TRAILING

12 MO.U.S.

Q2 2016

Volume ($ Mil) $1,578.4 $315.0 $0 $133,138.7 $25,086.0

No. of Properties 51 11 0 5,223 799

Total SF 6,062,520 1,232,202 0 571,233,956 89,176,245





0.0%

5.0%

10.0%

15.0%

20.0%

$18.00

$22.00

$26.00

$30.00

$34.0025.0%

$18.00

$22.00

$26.00

$30.00

$34.00

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

10 11 12 13 14 15 16


QT

D


METHODOLOGY


CONTACT





About Transwestern


Austin Team Members

Ty Puckett, Executive Vice President Development & Investment Sales (512) 314.3572 [email protected] Umstattd, Executive Managing Director Investment Sales & Corp. Services (512) 314.3551 [email protected] Gallagher, Managing Director Investment Sales (512) 314.3571 [email protected] Rogers, Managing Director Investment Sales - Multifamily (512) 314.5207 [email protected] Stutzman, Managing Director Investment Sales - Multifamily (512) 314.5203 [email protected] Brown, Senior Vice President Agency Leasing & Business Development (512) 314.3552 [email protected] Reed, Senior Vice President Tenant Advisory (512) 314.3577 [email protected] Johnson, Vice President Agency Leasing (512) 314.3570 [email protected] Wheeler, Vice President Agency Leasing & Tenant Advisory (512) 314.3553 [email protected] Stewart, Vice President Agency Leasing & Tenant Advisory (512) 314.3574 [email protected] Lester, Vice President Agency Leasing & Tenant Advisory (512) 314.3576 [email protected] Wright, Vice President Tenant Advisory (512) 314.5205 [email protected] Fike, Associate Tenant Advisory & Agency Leasing (512) 314.5215 [email protected] Delk, Associate Vice President Development & Investment Sales (512) 314.3557 [email protected] Gaston, Executive Vice President Southwest | Regional Leader (512) 314.3554 [email protected] Judson, Vice President Marketing & Research (512) 314.3560 [email protected]

SEATTLE

WALNUT CREEK

LOS ANGELES

SALT LAKECITY

DENVER

MINNEAPOLIS

MILWAUKEE

ST. LOUIS

CHICAGO


NEW JERSEY



DALLASFORTWORTH

HOUSTONAUSTIN

SAN ANTONIO

OKLAHOMACITY

NEW ORLEANS

ATLANTA


MIAMI-DADE

SANFRANCISCO


SAN DIEGO

BOSTON

SILICONVALLEY



REAL ESTATE OUTLOOK


Southeast :: Stalwart Films 92,294 SF at Bergstrom Tech Center 310

Northwest :: Stewart Title Company 15,893 SF at Atrium Office Center

Cedar Park :: CalAtlantic Homes 22,285 SF at Paloma Ridge

East :: Conde Nast 10,655 SF at 1645 E. 6th @ The Arnold

Recent Office Sales

North :: Lakewood on the Park B & C 2 Class B office buildings totaling 180,558 SF Buyer: CapRidge Partners Seller: Equity Commonwealth





YTD NET ABSORPTION


DIRECT OCCUP.

TOTAL OCCUP.

CLASS A NET RENT

CLASS B NET RENT

CLASS C NET RENT

AVE NET RENT

CBD 82 12,285,062 (102,049) 292,863 92.8% 92.3% $34.91 $27.80 $21.37 $31.90


North 66 6,618,934 (250,070) 200,920 88.1% 87.1% $27.29 $20.29 $13.00 $22.38

Northeast & East 68 5,503,889 40,709 29,791 84.4% 84.3% $17.58 $13.76 $11.09 $14.09

Northwest & Far NW 212 16,787,502 150,548 650,021 91.9% 90.7% $22.03 $19.50 $16.53 $20.76


South 41 2,821,097 (30,637) 42,728 96.6% 96.6% $21.37 $20.10 $14.00 $18.98

Southeast 20 2,267,598 (12,775) 6,015 80.2% 80.2% N/A $18.00 $13.01 $16.75

Southwest 129 11,087,568 (56,652) 351,372 91.4% 89.5% $25.63 $20.85 $20.00 $24.32

AUSTIN 735 65,591,267 (64,913) 1,925,475 90.5% 89.6% $26.79 $19.53 $15.42 $22.64


TRAILING 12 MO.

AUSTIN Q1 2016


U.S. TRAILING

12 MO.U.S.

Q1 2016

Volume ($ Mil) $1,970.5 $195.6 $135.5 $143,319.2 $30,825.9

No. of Properties 57 13 6 5,870 1,240

Total SF 8,087,893 865,154 578,869 632,636,872 123,275,843





0.0%

5.0%

10.0%

15.0%

20.0%

$18.00

$22.00

$26.00

$30.00

$34.0025.0%

$18.00

$22.00

$26.00

$30.00

$34.00

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

10 11 12 13 14 15 16


QT

D


METHODOLOGY


CONTACT





About Transwestern


Austin Team Members

Ty Puckett, Executive Vice President Development & Investment Sales (512) 314.3572 [email protected] Umstattd, Executive Managing Director Investment Sales & Corp. Services (512) 314.3551 [email protected] Gallagher, Managing Director Investment Sales (512) 314.3571 [email protected] Rogers, Managing Director Investment Sales - Multifamily (512) 314.5207 [email protected] Stutzman, Managing Director Investment Sales - Multifamily (512) 314.5203 [email protected] Brown, Senior Vice President Agency Leasing & Business Development (512) 314.3552 [email protected] Reed, Senior Vice President Tenant Advisory (512) 314.3577 [email protected] Johnson, Vice President Agency Leasing (512) 314.3570 [email protected] Wheeler, Vice President Agency Leasing & Tenant Advisory (512) 314.3553 [email protected] Stewart, Vice President Agency Leasing & Tenant Advisory (512) 314.3574 [email protected] Lester, Vice President Agency Leasing & Tenant Advisory (512) 314.3576 [email protected] Fike, Associate Tenant Advisory & Agency Leasing (512) 314.5215 [email protected] Delk, Associate Vice President Development & Investment Sales (512) 314.3557 [email protected] Ryan, Development Associate Development & Investment Sales (512) 314.3961 [email protected] Gaston, Executive Vice President Southwest | City Leader (512) 314.3554 [email protected] Judson, Vice President Marketing & Research (512) 314.3560 [email protected]

SEATTLE

WALNUT CREEK

LOS ANGELES

SALT LAKECITY

DENVER

MINNEAPOLIS

MILWAUKEE

ST. LOUIS

CHICAGO


NEW JERSEY



DALLASFORTWORTH

HOUSTONAUSTIN

SAN ANTONIO

OKLAHOMACITY

NEW ORLEANS

ATLANTA


MIAMI-DADE

SANFRANCISCO


SAN DIEGO

BOSTON

SILICONVALLEY


AUSTIN OFFICE MARKET WATCHMARCH 2016

REAL ESTATE OUTLOOK


East :: Kohana Coffee, Inc. 19,770 SF at 1645 East 6th

Round Rock :: Regus Round Rock 13,575 SF at Old Towne Square

Central :: NetSpend 75,735 SF at 5800 Airport

Southwest :: Padgett Stratemann (renew) 18,217 SF at 811 Barton

Recent Office Sales

CBD :: 301 Congress Class A office highrise totaling 418,338 SF Seller: CalPERS JV Commonwealth Ptnrs Buyer: Prudential Real Estate





YTD NET ABSORPTION


DIRECT OCCUP.

TOTAL OCCUP.

CLASS A NET RENT

CLASS B NET RENT

CLASS C NET RENT

AVE NET RENT

CBD 80 12,005,216 5,217 109,283 94.8% 94.5% $33.95 $27.27 $19.00 $30.86


North 65 6,549,244 73,005 16,785 94.0% 93.1% $27.24 $19.46 $13.89 $21.89

Northeast & East 65 5,325,660 104,013 17,532 83.8% 83.8% $19.00 $13.85 $8.34 $14.04

Northwest & Far NW 213 16,869,259 146,806 346,681 91.6% 90.7% $22.01 $19.00 $16.86 $20.60


South 41 2,821,097 (7,824) 28,130 97.5% 97.5% $22.50 $18.50 $14.56 $18.59

Southeast 20 2,267,598 (1,296) 0 80.7% 80.7% N/A $15.94 $12.50 $14.33

Southwest 128 10,953,855 (35,637) 145,846 91.4% 89.3% $25.22 $21.23 $18.50 $24.08

AUSTIN 729 64,876,079 301,680 913,720 91.2% 90.5% $25.95 $19.04 $15.18 $22.01


TRAILING 12 MO.

AUSTIN Q4 2015


U.S. TRAILING

12 MO.U.S.

Q4 2015

Volume ($ Mil) $2,119.3 $710.2 $40.1 $148,202.3 $41,507.0

No. of Properties 59 12 7 5,954 1,566

Total SF 8,650,678 2,614,334 253,793 649,228,690 180,560,980





0.0%

5.0%

10.0%

15.0%

20.0%

$18.00

$22.00

$26.00

$30.00

$34.0025.0%

$18.00

$22.00

$26.00

$30.00

$34.00

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

10 11 12 13 14 15


QT

D


METHODOLOGY


CONTACT




AUSTIN OFFICE MARKET WATCHMARCH 2016

About Transwestern


Austin Team Members


SEATTLE

WALNUT CREEK

LOS ANGELES

SALT LAKECITY

DENVER

MINNEAPOLIS

MILWAUKEE

ST. LOUIS

CHICAGO


NEW JERSEY



DALLASFORTWORTH

HOUSTONAUSTIN

SAN ANTONIO

OKLAHOMACITY

NEW ORLEANS

ATLANTA


MIAMI-DADE

SANFRANCISCO


SAN DIEGO

BOSTON

SILICONVALLEY



REAL ESTATE OUTLOOK


Southwest :: Innography Inc. 22,936 SF at 3900 San Clemente

Central :: Projekt202 (renew) 13,859 SF at 1300 Guadalupe

CBD :: Pillsbury Winthrop Shaw Pittman 14,000 SF at Frost Bank Tower

Southwest :: J&J Worldwide 13,084 SF at 7710 Rialto B

Recent Office Sales

Far Northwest :: Parmer Business Park A-F 6 value office buildings totaling 256,737 SF Seller: RREEF Buyer: Intercontinental JV Eurus Capital





YTD NET ABSORPTION


DIRECT OCCUP.

TOTAL OCCUP.

CLASS A NET RENT

CLASS B NET RENT

CLASS C NET RENT

AVE NET RENT

CBD 81 12,076,852 10,942 33,610 94.8% 94.6% $33.39 $25.18 $16.75 $29.73


North 67 6,743,268 69,115 285 94.3% 93.2% $27.18 $19.55 $13.89 $21.93

Northeast & East 66 6,284,617 14,506 5,422 84.9% 84.9% $18.98 $13.85 $8.34 $14.04

Northwest & Far NW 213 16,879,504 56,414 123,539 91.1% 90.2% $22.07 $18.81 $16.80 $20.57


South 42 2,841,270 17,868 23,576 97.5% 97.3% $22.50 $17.53 $14.56 $18.10

Southeast 20 2,267,598 (8,872) 0 80.4% 80.4% N/A $15.94 $12.50 $14.33

Southwest 126 10,828,559 (8,559) 52,882 91.4% 89.5% $24.72 $20.18 $17.99 $23.44

AUSTIN 733 66,098,743 109,296 306,144 91.0% 90.2% $25.74 $18.59 $14.78 $21.67


TRAILING 12 MO.

AUSTIN Q4 2015


U.S. TRAILING

12 MO.U.S.

Q4 2015

Volume ($ Mil) $2,113.3 $704.2 $16.7 $147,610.5 $40,904.8

No. of Properties 58 11 3 5,917 1,534

Total SF 8,600,116 2,563,772 82,520 646,056,062 177,268,650





0.0%

5.0%

10.0%

15.0%

20.0%

$18.00

$22.00

$26.00

$30.00

$34.0025.0%

$18.00

$22.00

$26.00

$30.00

$34.00

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

10 11 12 13 14 15


QT

D


METHODOLOGY


CONTACT





About Transwestern


Austin Team Members


SEATTLE

WALNUT CREEK

LOS ANGELES

SALT LAKECITY

DENVER

MINNEAPOLIS

MILWAUKEE

ST. LOUIS

CHICAGO


NEW JERSEY



DALLASFORTWORTH

HOUSTONAUSTIN

SAN ANTONIO

OKLAHOMACITY

NEW ORLEANS

ATLANTA


MIAMI-DADE

SANFRANCISCO


SAN DIEGO

BOSTON

SILICONVALLEY


AUSTIN OFFICE MARKET WATCHDECEMBER 2015

REAL ESTATE OUTLOOK


CBD :: Insurance Zebra 11,645 SF at San Jacinto Center

Far Northwest :: Superior Access Ins. (renew) 13,245 SF at River Place Corporate Park

North :: St. David’s Healthcare (renew) 14,638 SF at Exchange Park

CBD :: AllClear ID Inc. 33,720 SF at 816 Congress

Recent Office Sales

Far Northwest :: 7700 Parmer A-D 4 Class A Office Buildings totaling 950,102 SF Seller: Spear Street Buyer: Accesso Partners



Office Lease Statistics By Submarket


YTD NET ABSORPTION


DIRECT OCCUP.

TOTAL OCCUP.

CLASS A NET RENT

CLASS B NET RENT

CLASS C NET RENT

AVE NET RENT

CBD 82 12,098,572 773,727 1,443,253 94.9% 94.4% $33,57 $25.76 $16.00 $29.96


North 66 6,601,630 401,396 495,330 95.4% 93.8% $27.13 $14.93 $13.98 $18.94

Northeast & East 66 6,582,440 56,083 170,414 80.8% 80.7% $18.50 $12.71 $9.33 $13.27

Northwest & Far NW 213 16,691,518 874,761 2,217,291 91.8% 90.5% $22.17 $18.78 $16.80 $20.62


South 42 2,841,270 65,246 155,079 97.0% 96.8$ $22.50 $16.44 $11.90 $16.91

Southeast 22 2,594,234 43,669 49,892 81.0% 81.0% N/A $17.00 $10.35 $14.71

Southwest 126 10,828,559 817,192 1,165,208 91.2% 90.3% $24.73 $20.90 $18.92 $23.64

AUSTIN 736 66,524,011 3,193,552 6,196,935 90.8% 90.1% $25,59 $17.85 $14.12 $21.23


TRAILING 12 MO.

AUSTIN Q3 2015


U.S. TRAILING

12 MO.U.S.

Q3 2015

Volume ($ Mil) $2,551.6 $325.0 $691.0 $148,251.6 $36,232.1

No. of Properties 79 12 9 5,942 1,517

Total SF 11,765,460 1,177,607 2,364,495 631,953,147 161,593,212





0.0%

5.0%

10.0%

15.0%

20.0%

$18.00

$22.00

$26.00

$30.00

$34.0025.0%

$18.00

$22.00

$26.00

$30.00

$34.00

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

10 11 12 13 14 15


QT

D


METHODOLOGY

The information in this report is the result of a compilation of information on office properties located in the Austin metropolitan area. This report includes single-tenant and multi-tenant properties 25,000 SF and larger, excluding condo and medical office facilities and those properties owned and occupied by a government agency. Net Absorption refers to the change in vacant space. Gross Leasing Activity refers to the change in available space, including renewals, new leases, expansions and subleases.

CONTACT




AUSTIN OFFICE MARKET WATCHDECEMBER 2015

About Transwestern


Austin Team Members

Ty Puckett, Executive Vice President Development & Investment Sales (512) 314.3572 [email protected] Umstattd, Executive Managing Director Investment Sales & Corp. Services (512) 314.3551 [email protected] Gallagher, Managing Director Investment Sales (512) 314.3571 [email protected] Rogers, Managing Director Investment Sales - Multifamily (512) 314.5207 [email protected] Stutzman, Managing Director Investment Sales - Multifamily (512) 314.5203 [email protected] Brown, Senior Vice President Agency Leasing & Business Development (512) 314.3552 [email protected] Reed, Senior Vice President Tenant Advisory (512) 314.3577 [email protected] Johnson, Vice President Agency Leasing (512) 314.3570 [email protected] Wheeler, Vice President Agency Leasing & Tenant Advisory (512) 314.3553 [email protected] Stewart, Vice President Agency Leasing & Tenant Advisory (512) 314.3574 [email protected] Lester, Associate Vice President Agency Leasing & Tenant Advisory (512) 314.3576 [email protected] Delk, Associate Vice President Development & Investment Sales (512) 314.3557 [email protected] Stewart, Vice President Agency Leasing & Tenant Advisory (512) 314.3574 [email protected] Jalil, Financial Analyst Investment Sales (512) 314.5206 [email protected] Ryan, Development Associate Development & Investment Sales (512) 314.3961 [email protected] Gaston, Executive Vice President Southwest | City Leader (512) 314.3554 [email protected] Judson, Vice President Marketing & Research (512) 314.3560 [email protected]

SEATTLE

WALNUT CREEK

LOS ANGELES

SALT LAKECITY

DENVER

MINNEAPOLIS

MILWAUKEE

ST. LOUIS

CHICAGO


NEW JERSEY



DALLASFORTWORTH

HOUSTONAUSTIN

SAN ANTONIO

OKLAHOMACITY

NEW ORLEANS

ATLANTA


MIAMI-DADE

SANFRANCISCO


SAN DIEGO

BOSTON

SILICONVALLEY


AUSTIN OFFICE MARKET WATCHNOVEMBER 2015

REAL ESTATE OUTLOOK


Southwest :: Ketra (renew) 12,550 SF at Barton Creek Plaza III

Far Northwest :: LDR Spine (renew) 89,208 SF at Aspen Lake One

CBD :: Pivot 3 11,102 SF at Chase Bank Tower

North :: Regus North Lamar 18,000 SF at Lamar Central

Recent Office Sales

Northwest :: Enterprise Plaza Class B Office Building totaling 50,393 SF Seller: Opre Ent Property LLC Buyer: ASC Management





YTD NET ABSORPTION


DIRECT OCCUP.

TOTAL OCCUP.

CLASS A NET RENT

CLASS B NET RENT

CLASS C NET RENT

AVE NET RENT

CBD 82 12,098,572 728,356 1,415,345 94.5% 94.1% $33.32 $25.53 $16.00 $29.73


North 66 6,596,339 379,171 488,894 95.2% 93.5% $27.08 $15.05 $13.98 $19.00

Northeast & East 66 6,582,440 33,394 170,414 80.3% 80.3% $19.50 $12.97 $9.75 $13.67

Northwest & Far NW 210 16,399,984 603,026 2,174,868 91.6% 90.3% $22.01 $18.70 $16.36 $20.46


South 42 2,841,270 66,614 149,889 97.1% 96.9% $22.50 $16.44 $11.90 $16.91

Southeast 22 2,594,234 44,194 49,892 81.0% 81.0% N/A $17.00 $10.35 $14.71

Southwest 126 10,825,515 761,902 1,138,991 90.8% 89.8% $24.75 $20.39 $17.82 $23.51

AUSTIN 731 66,011,742 2,770,042 6,058,233 90.9% 90.1% $25.51 $17.81 $13.84 $21.14


TRAILING 12 MO.

AUSTIN Q3 2015


U.S. TRAILING

12 MO.U.S.

Q3 2015

Volume ($ Mil) $2,552.1 $325.5 $19.8 $147,955.9 $35,908.5

No. of Properties 79 12 3 5,917 1,492

Total SF 11,766,170 1,178,317 109,674 629,753,881 159,417,174





0.0%

5.0%

10.0%

15.0%

20.0%

$18.00

$22.00

$26.00

$30.00

$34.0025.0%

$18.00

$22.00

$26.00

$30.00

$34.00

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

10 11 12 13 14 15


QT

D


METHODOLOGY


CONTACT




AUSTIN OFFICE MARKET WATCHNOVEMBER 2015

About Transwestern


Austin Team Members


SEATTLE

WALNUT CREEK

LOS ANGELES

SALT LAKECITY

DENVER

MINNEAPOLIS

MILWAUKEE

ST. LOUIS

CHICAGO


NEW JERSEY



DALLASFORTWORTH

HOUSTONAUSTIN

SAN ANTONIO

OKLAHOMACITY

NEW ORLEANS

ATLANTA


MIAMI-DADE

SANFRANCISCO


SAN DIEGO

BOSTON

SILICONVALLEY



REAL ESTATE OUTLOOK


North :: Fidelity Brokerage Services 14,517 SF at Domain 7

Far Northwest :: EA Sports (renew) 173,381 SF at 7700 Parmer C

CBD :: RetailMeNot (renew) 95,537 SF at 301 Congress

CBD :: St. Davids Healthcare 20,000 SF at San Jacinto Center

Recent Office Sales

Southwest :: Westlake Place Class B Office Building totaling 61,308 SF Seller: Austin Southwest Office Partners Buyer: Moore & Associates

OFFICE LEASE STATISTICS :: VACANCY & GROSS RENTAL RATE




YTD NET ABSORPTION


DIRECT OCCUP.

TOTAL OCCUP.

CLASS A NET RENT

CLASS B NET RENT

CLASS C NET RENT

AVE NET RENT

CBD 82 12,098,572 700,802 1,228,377 94.1% 93.8% $33.34 $24.63 $16.00 $27.72


North 66 6,952,930 343,922 343,922 94.7% 93.4% $25.00 $15.13 $13.50 $22.86

Northeast & East 66 6,547,080 33,185 46,432 80.2% 80.1% $17.50 $19.97 $11.97 $13.58

Northwest & Far NW 210 16,341,657 598,355 1,824,819 91.8% 90.4% $21.97 $18.75 $14.50 $20.84


South 42 2,841,270 62,496 125,305 97.1% 96.7% $22.58 $14.18 $10.59 $14.71

Southeast 22 2,594,234 29,402 41,267 80.4% 80.4% N/A $18.72 $7.50 $15.35

Southwest 125 10,665,199 480,922 1,049,839 90.1% 88.6% $24.73 $19.39 $17.01 $21.82

AUSTIN 720 65,945,578 2,339,322 5,002,819 90.9% 90.0% $25.40 $16.60 $11.96 $22.27


TRAILING 12 MO.

AUSTIN Q3 2015


U.S. TRAILING

12 MO.U.S.

Q3 2015

Volume ($ Mil) $2,598.9 $372.3 $11.6 $141,656.3 $30,107.4

No. of Properties 78 11 1 5,572 1,162

Total SF 11,754,990 1,167,137 54,000 597,716,545 128,598,772





0.0%

5.0%

10.0%

15.0%

20.0%

$16.00

$20.00

$24.00

$28.00

$32.0025.0%

$16.00

$20.00

$24.00

$28.00

$32.00

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

09 10 11 12 13 14 15


QT

D


METHODOLOGY


CONTACT





About Transwestern


Austin Team Members


SEATTLE

WALNUT CREEK

LOS ANGELES

SALT LAKECITY

DENVER

MINNEAPOLIS

MILWAUKEE

ST. LOUIS

CHICAGO


NEW JERSEY



DALLASFORTWORTH

HOUSTONAUSTIN

SAN ANTONIO

OKLAHOMACITY

NEW ORLEANS

ATLANTA


MIAMI-DADE

SANFRANCISCO


SAN DIEGO

BOSTON

SILICONVALLEY



REAL ESTATE OUTLOOK


CBD :: Cirrus Logic (prelease) 84,872 SF at Shoal Creek Walk

Southwest :: Logitech (renew) 99,047 SF at Two Barton Skwyay

CBD :: TechSpace 28,000 SF at San Jacinto Center

Northwest :: Protect America (renew) 46,200 SF at Travesia Corporate Park

Recent Office Sales

CBD :: 515 & 501 Congress 2 buildings totaling 380,866 SF Seller: Wanxiang Corp JV Stream Realty Buyer 515: KBS REIT III Buyer 501: AFIAA





YTD NET ABSORPTION


DIRECT OCCUP.

TOTAL OCCUP.

CLASS A NET RENT

CLASS B NET RENT

CLASS C NET RENT

AVE NET RENT

CBD 82 12,098,572 570,867 1,175,902 93.1% 92.8% $31.85 $24.23 $17.00 $27.92


North 67 6,619,977 353,155 346,846 94.1% 92.7% $25.00 $15.09 $7.65 $20.15

Northeast & East 65 5,588,123 (29,274) 19,999 75.6% 75.6% $16.89 $12.98 $11.97 $13.54

Northwest & Far NW 210 16,341,657 717,336 1,756,629 89.0% 88.7% $21.95 $18.72 $14.50 $19.99


South 42 2,841,270 66.918 115.284 97.3% 96.9% $22.50 $14.18 $10.59 $14.82

Southeast 22 2,594,234 33,788 38,566 80.6% 80.6% N/A $15.00 $7.50 $14.80

Southwest 125 10,655,149 360,360 843,724 88.4% 87.5% $24.73 $20.34 $16.94 $22.38

AUSTIN 729 64,653,618 2,121,574 4,606,373 90.2% 89.4% $25.26 $16.46 $11.96 $22.09


TRAILING 12 MO.

AUSTIN Q2 2015


U.S. TRAILING

12 MO.U.S.

Q2 2015

Volume ($ Mil) $2,885.2 $754.5 $375.1 $144,302.4 $36,182.1

No. of Properties 86 20 9 5,722 1,462

Total SF 13,600,017 3,456,051 1,174,940 612,792,962 157,132,621





0.0%

5.0%

10.0%

15.0%

20.0%

$16.00

$20.00

$24.00

$28.00

$32.0025.0%

$16.00

$20.00

$24.00

$28.00

$32.00

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

09 10 11 12 13 14 15


QT

D15


METHODOLOGY


CONTACT





About Transwestern


Austin Team Members


SEATTLE

WALNUT CREEK

LOS ANGELES

SALT LAKECITY

DENVER

MINNEAPOLIS

MILWAUKEE

ST. LOUIS

CHICAGO


NEW JERSEY



DALLASFORTWORTH

HOUSTONAUSTIN

SAN ANTONIO

OKLAHOMACITY

NEW ORLEANS

ATLANTA


MIAMI-DADE

SANFRANCISCO


SAN DIEGO

BOSTON

SILICONVALLEY



REAL ESTATE OUTLOOK


CBD :: Gerson Lehrman Group (expansion) 41,803 SF at 301 Congress

Northwest :: Blackbaud (expansion) 20,041 SF at Domain 3

CBD :: Galvanize 23,592 SF at Northshore (under construction)

CBD :: Facebook (expansion) 58,970 SF at 300 West 6th

Recent Office Sales

Northwest :: IBM Broadmoor Campus 7-Building office campus totaling 1,112,236 SF Buyer: Brandywine Realty Trust Seller: IBM / Brandywine JV Buyout of IBM’s 50% interest in the JV





YTD NET ABSORPTION


DIRECT OCCUP.

TOTAL OCCUP.

CLASS A NET RENT

CLASS B NET RENT

CLASS C NET RENT

AVE NET RENT

CBD 72 11,213,792 739,117 753,304 92.4% 92.0% $28.69 $23.73 $17.98 $27.03

Central & West Central 55 3,502,425 (27,401) 148,182 92.3% 89.2% $25.34 $17.36 $11.65 $20.89

North 68 6,818,758 260,267 378,623 93.2% 91.6% $23.79 $15.79 $7.65 $20.16

Northeast & East 60 5,013,686 (62,286) 17,309 72.7% 72.6% N/A $12.97 $11.97 $12.58

Northwest & Far NW 204 16,080,046 252,239 1,235,466 89.5% 88.1% $21.71 $18.66 $14.50 $19.85

Round Rock & Cedar Park 24 1,692,728 46,575 33,854 89.5% 88.1% $21.00 $15.63 N/A $17.10

South 32 2,182,456 14,425 53,797 97.9% 97.5% $22.50 $14.18 $10.59 $14.82

Southeast 16 1,815,168 31,689 27,789 72.1% 72.1% N/A $15.00 $7.50 $14.80

Southwest 114 9,171,399 265,851 698,919 88.3% 87.3% $24.22 $20.09 $12.15 $22.68

AUSTIN 645 57,490,458 1,520,476 3,347,243 88.8% 87.7% $23.53 $16.28 $11.96 $20.42


TRAILING 12 MO.

AUSTIN Q2 2015


U.S. TRAILING

12 MO.U.S.

Q2 2015

Volume ($ Mil) $2,285.4 $618.7 $335.0 $143,380.6 $35,802.4

No. of Properties 81 17 7 5,695 1,438

Total SF 10,592,834 2,211,320 1,079,657 608,612,550 154,406,884





0.0%

5.0%

10.0%

15.0%

20.0%

$16.00

$20.00

$24.00

$28.00

$32.0025.0%

$16.00

$20.00

$24.00

$28.00

$32.00

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

09 10 11 12 13 14 15


QT

D15


METHODOLOGY


CONTACT





About Transwestern


Austin Team Members


SEATTLE

WALNUT CREEK

LOS ANGELES

SALT LAKECITY

DENVER

MINNEAPOLIS

MILWAUKEE

ST. LOUIS

CHICAGO


NEW JERSEY



DALLASFORTWORTH

HOUSTONAUSTIN

SAN ANTONIO

OKLAHOMACITY

NEW ORLEANS

ATLANTA


MIAMI-DADE

SANFRANCISCO


SAN DIEGO

BOSTON

SILICONVALLEY



REAL ESTATE OUTLOOK


Northwest :: Indeed.com 213,196 SF at Champion Office Park

CBD :: U.S. Capital Advisors 12,782 SF at 300 West Sixth

Northwest :: ARA Diagnostics 30,578 SF at Quarry Oaks Atrium I

North :: Educare Community Living 12,782 SF at Chase Park

Recent Office Sales

CBD :: Lavaca Plaza Class B office building totaling 118,643 SF Buyer: Unico Seller: Brickman Associates





YTD NET ABSORPTION


DIRECT OCCUP.

TOTAL OCCUP.

CLASS A NET RENT

CLASS B NET RENT

CLASS C NET RENT

AVE NET RENT

CBD 66 10,424,742 49,965 81,217 93.3% 92.9% $27.31 $23.98 $18.00 $26.96


North 66 6,318,544 (349) 67,232 91.5% 89.7% $24.26 $15.91 N/A $19.94

Northeast & East 54 3,875,151 (21,505) 3,723 84.3% 84.3% N/A $15.74 $10.50 $12.58

Northwest & Far NW 204 16.083,201 73,796 202,966 89.3% 87.6% $20.85 $19.04 $16.69 $19.95

Round Rock & Cedar Park 22 1,586,807 (8,813) 3,371 91.3% 88.8% $19.14 $15.34 N/A $16.18

South 32 2,172,103 (3,495) 480 96.7% 96.6% $21.50 $14.18 $9.46 $16.50

Southeast 17 1,749,304 (2,523) 8,206 69.1% 69.1% N/A $15.50 N/A $15.50

Southwest 107 8,380,475 (29,377) 14,087 94.0% 92.3% $24.48 $19.62 $18.00 $22.46

AUSTIN 624 54,192,880 75,941 394,084 90.6% 89.4% $23.34 $17.26 $9.71 $20.46


TRAILING 12 MO.

AUSTIN Q4 2014


U.S. TRAILING

12 MO.U.S.

Q4 2014

Volume ($ Mil) $1,822.2 $818.7 $170.8 $117,698.6 $35,775.7

No. of Properties 80 28 8 4,482 1,345

Total SF 13,571,988 4,639,132 708,457 530,258,812 159,204,510





0.0%

5.0%

10.0%

15.0%

20.0%

$16.00

$20.00

$24.00

$28.00

$32.0025.0%

$16.00

$20.00

$24.00

$28.00

$32.00

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

09 10 11 12 13 14


QT

D


METHODOLOGY


CONTACT





About Transwestern


Austin Team Members

Ty Puckett, Executive Vice President Development & Investment Sales (512) 314.3572 [email protected] Umstattd, Executive Managing Director Investment Sales & Corp. Services (512) 314.3551 [email protected] Gallagher, Managing Director Investment Sales (512) 314.3571 [email protected] Rogers, Managing Director Investment Sales - Multifamily (512) 314.5207 [email protected] Stutzman, Managing Director Investment Sales - Multifamily (512) 314.5203 [email protected] Brown, Senior Vice President Agency Leasing & Business Development (512) 314.3552 [email protected] Reed, Senior Vice President Tenant Advisory (512) 314.3577 [email protected] Johnson, Vice President Agency Leasing (512) 314.3570 [email protected] Wheeler, Vice President Agency Leasing & Tenant Advisory (512) 314.3553 [email protected] Lester, Associate Vice President Agency Leasing & Tenant Advisory (512) 314.3576 [email protected] Delk, Associate Vice President Development & Investment Sales (512) 314.3557 [email protected] Stewart, Associate Vice President Agency Leasing & Tenant Advisory (512) 314.3574 [email protected] Ryan, Development Associate Development & Investment Sales (512) 314.3961 [email protected] Gaston, Executive Vice President Southwest | City Leader (512) 314.3554 [email protected] Judson, Vice President Marketing & Research (512) 314.3560 [email protected]

SEATTLE

WALNUT CREEK

LOS ANGELES

SALT LAKECITY

DENVER

MINNEAPOLIS

MILWAUKEE

ST. LOUIS

CHICAGO


NEW JERSEY



DALLASFORTWORTH

HOUSTONAUSTIN

SAN ANTONIO

OKLAHOMACITY

NEW ORLEANS

ATLANTA


MIAMI-DADE

SANFRANCISCO


SAN DIEGO

BOSTON

SILICONVALLEY



REAL ESTATE OUTLOOK


Southwest :: Coherent Logix (renew) 18,586 SF at Cityview 3

Northwest :: E2Open (expansion) 17,147 SF at Great Hills Plaza

Northwest :: TaxTiger 16,063 SF at Canyon Hills Office Center

CBD :: Whole Foods Corporation 40,971 SF at Offices at the Bowie

Recent Office Sales

North :: Centennial Towers Class B office building totaling 155,604 SF Buyer: Taurus Investment Holdings Seller: Braun Enterprises





YTD NET ABSORPTION


DIRECT OCCUP.

TOTAL OCCUP.

CLASS A NET RENT

CLASS B NET RENT

CLASS C NET RENT

AVE NET RENT

CBD 64 10,098,584 319,574 1,083,801 92.1% 91.5% $27.40 $19.64 $18.00 $26.99


North 65 6,172,666 157,135 234,070 91.3% 89.6% $23.55 $15.32 N/A $19.27

Northeast & East 53 3,815,151 163,391 97.058 85.0% 85.0% N/A $12.99 $11.43 $12.60

Northwest & Far NW 203 15,907,557 142,625 1,008,285 89.5% 88.2% $20.36 $17.95 $12.00 $17.78


South 34 2,198,343 15,407 56,712 96.6% 96.6% $12.50 $14.18 $12.00 $16.50

Southeast 17 1,749,304 57,273 36,234 69.5% 69.4% N/A $16.75 $15.50 $15.94

Southwest 105 8,287,232 346,060 632,736 93.6% 91.0% $24.23 $19.18 N/A $22.60

AUSTIN 617 53,359,939 1,425,372 3,405,457 90.3% 89.1% $23.16 $16.45 $9.89 $20.66


TRAILING 12 MO.

AUSTIN Q3 2014


U.S. TRAILING

12 MO.U.S.

Q3 2014

Volume ($ Mil) $1,586.0 $347.6 $0 $115,907.6 $25,591.2


Total SF 11,529,326 1,633,168 0 532,452,962 105,311,276


Average Cap Rate (Yield) 6.5% N/A N/A 6.9% 6.7%



0.0%

5.0%

10.0%

15.0%

20.0%

$16.00

$20.00

$24.00

$28.00

$32.0025.0%

$16.00

$20.00

$24.00

$28.00

$32.00

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

09 10 11 12 13 14


QT

D


REAL ESTATE OUTLOOK


CBD :: Main Street Hub 32,674 SF at One American Center

Northwest :: Triple Crown 10,326 SF at Avallon IV

Southwest :: Teradyne Inc. (renew) 13,454 SF at Monterey Oaks Corp Center

Southwest :: VMWare (renew) 15,528 SF at 3900 San Clemente

Recent Office Sales

Southwest :: Barton Creek Plaza I A value office building totaling 74,505 SF Buyer: TA Associates Seller: Barton Creek Plaza LTD.





YTD NET ABSORPTION


DIRECT OCCUP.

TOTAL OCCUP.

CLASS A NET RENT

CLASS B NET RENT

CLASS C NET RENT

AVE NET RENT

CBD 64 10,096,625 195,215 476,714 90.5% 89.9% $26.79 $21.58 $13.00 $26.03


North 59 5,485,809 54,079 213,138 90.1% 88.3% $20.68 $15.36 N/A $19.16

Northeast & East 48 3,217,059 18,658 78,835 79.8% 79.8% N/A $12.82 $11.43 $12.49

Northwest & Far NW 204 15,916,320 161,666 598,038 89.8% 88.8% $20.12 $17.12 $12.00 $19.37


South 34 2,230,392 15,036 38,055 96.6% 96.5% $21.50 $14.18 $12.00 $16.50

Southeast 16 1,486,072 7,334 26,512 62.4% 62.4% N/A $16.75 $15.50 $15.94

Southwest 108 8,472,925 72,188 372,705 92.1% 89.7% $23.99 $18.14 $18.00 $21.83

AUSTIN 609 51,816,933 612,744 1,946,333 89.1% 88.1% $22.62 $15.92 $10.28 $20.11


TRAILING 12 MO.

AUSTIN Q2 2014


U.S. TRAILING

12 MO.U.S.

Q2 2014

Volume ($ Mil) $1,762.7 $99.4 $0 $108,065.8 $20,551.5


Total SF 12,340,007 510,707 0 511,944,725 85,514,817

Average Price/SF $240 N/A N/A $238 $263




0.0%

5.0%

10.0%

15.0%

20.0%

$16.00

$20.00

$24.00

$28.00

$32.0025.0%

$16.00

$20.00

$24.00

$28.00

$32.00

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

09 10 11 12 13 14


QT

D


REAL ESTATE OUTLOOK


CBD :: SpareFoot 24,667 SF at Perry Brooks Tower

Southeast :: PPD (renew) 224,979 SF at MetCenter 10

Northwest :: IXIA (renew) 62,752 SF at Prominent Pointe II

Central :: Google Inc. 49,953 SF at University Park

Recent Office Sales

Far Northwest :: Crossings at Lakeline I-II 2 value office buildings totaling 232,274 SF Buyer: Brandywine Realty Trust Seller: O’Connor Capital / Simmons Vedder





YTD NET ABSORPTION


DIRECT OCCUP.

TOTAL OCCUP.

CLASS A NET RENT

CLASS B NET RENT

CLASS C NET RENT

AVE NET RENT

CBD 64 10,080,357 175,628 460,966 90.4% 89.9% $26.41 $21.64 $13.00 $25.95


North 56 5,217,308 (22,485) 86,446 90.4% 88.5% $18.45 $14.52 N/A $15.49

Northeast & East 50 3,568,107 49,109 44,604 81.8% 81.8% N/A $12.82 $10.97 $12.39

Northwest & Far NW 204 15,890,175 261,205 467,772 89.9% 88.9% $20.03 $17.03 $12.00 $19.21

Round Rock & Cedar Park 21 1,500,807 (2,562) 8,546 92.7% 91.8% $19.00 $13.00 N/A $15.10

South 33 2,204,103 15,036 36,973 96.5% 96.4% $21.50 $14.35 $11.05 $21.05

Southeast 17 1,641,011 (198,038) 20,143 65.4% 65.4% N/A $15.50 N/A $15.50

Southwest 106 8,337,105 58,826 319,425 91.5% 89.1% $23.66 $17.87 $13.00 $21.60

AUSTIN 606 52,010,767 418,750 1,555,707 89.3% 88.2% $22.46 $15.75 $10.05 $20.03


TRAILING 12 MO.

AUSTIN Q1 2014


U.S. TRAILING

12 MO.U.S.

Q1 2014

Volume ($ Mil) $2,059.2 $269.2 $90.2 $109,432.8 $23,346.9


Total SF 13,917,480 3,575,341 467,497 529,250,258 117,548,249





0.0%

5.0%

10.0%

15.0%

20.0%

$16.00

$20.00

$24.00

$28.00

$32.0025.0%

$16.00

$20.00

$24.00

$28.00

$32.00

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

09 10 11 12 13 14


QT

D

AUSTIN OFFICE

3.2014

MARKETWATCH

MARKETWATCH

MARKETWATCH

MARKETWATCH

MARKETWATCH

MARKETWATCH

MARKETWATCH

Industrial

O�ce

Multifamily

Retail

Economy

__________________

__________________

Class A Class B Class C Average

CBD 64 10,080,357 1,098,732 89.1% 1,188,189 88.2% 6,566 268,955 $26.17 $19.94 $13.28 $25.52

Central & West Central 55 3,571,780 436,801 87.8% 472,390 86.8% 24,990 16,829 $23.21 $18.40 $11.37 $20.66

North 47 4,654,202 429,390 90.8% 481,891 89.6% 37,013 26,534 $18.94 $14.72 N/A $16.00

Northeast & East 48 3,446,780 650,192 81.1% 668,415 80.6% 26,132 9,913 N/A $14.05 $11.51 $13.47

Northwest & Far Northwest 199 15,538,426 1,893,398 87.8% 2,058,795 86.8% (304,997) 180,082 $19.74 $16.40 $14.00 $18.69

Round Rock & Cedar Park 21 1,500,807 107,532 92.8% 121,401 91.9% (239) 0 $18.50 $13.38 N/A $14.17

South 33 2,202,563 73,913 96.6% 85,786 96.1% (1,371) 7,115 $21.00 $20.73 $11.13 $20.87

Southeast 17 1,784,606 746,233 58.2% 746,233 58.2% (210,649) 5,609 N/A $17.53 N/A $17.53

Southwest 106 8,333,625 791,199 90.5% 883,627 89.4% 80,396 68,128 $20.50 $17.24 $13.00 $19.41

TOTAL 590 51,113,146 6,227,390 87.8% 6,706,727 86.9% (342,159) 583,165 $21.85 $15.98 $12.13 $19.87Survey includes Austin Office Buildings larger than 25,000 SF and excludes government buildings, medical office and user campuses.* Net Absorption refers to the change in vacant space. Gross Leasing Activity refers to the change in available space, including renewals, leases & subleases.

TotalOccupancy

YTD Net*Absorption

YTD Gross Leasing

Activity*

Net (NNN) Quoted Rent PSFSubmarket

No. ofBuildings

Total SF

DirectVacant (SF)

DirectOccupancy

TotalVacant (SF)

$16.00

$20.00

$24.00

$28.00

$32.00

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%Vacancy (%)Gross Rent PSF ($)

RECENT OFFICE LEASES North :: Pape Dawson (renew/expansion) 13,432 sf at Exchange Park

Southwest :: Cloud Emperium Games (sublease) 14,293 sf at Hill Country Galleria

North :: SaleAMP 13,711 sf at Chase Northcross

Southwest :: American Assoc. of Nurse Practitioners 13,969 sf at Barton Oaks Plaza I

RECENT OFFICE SALES Far Northwest :: Aspen Lake & Tower of the Hills 1 Class A/1 Class B Office Bldg totaling 380,742 square feet Buyer: Fortis / Seller: Crimson Real Estate Fund/USAA

OFFICE LEASE STATISTICS

All Austin Office Buildings larger than 25,000 SF excluding government buildings, medical and user campuses.

Trailing 12Months

Last Quarter(4Q13)

Quarter-To-Date

Trailing 12Months

Last Quarter(4Q13)

Volume ($ Mil) $2,218.1 $917.3 $265.8 $101,897.8 $37,410.9

No. of Properties 66 25 14 3,681 1,173

Total SF 12,026,639 5,422,196 3,575,341 483,508,045 168,206,942



Source: Real Capital Analytics

Austin MSA United States

OFFICE SALES STATISTICS

OFFICE LEASE STATISTICS BY SUBMARKET

71

71

71

360

620

734

685

1826

2244

1826

1327

973

967

45

969

L1

275183

290

183

290

183

290

LakeTravis

2222

1825

130

130

45

1

45

290

1431

CBD

CE

NEN

NW

SW

S

WC

SE

RRCP

FNW

Austin Submarkets

AUSTIN OFFICE

1.2014

MARKETWATCH

MARKETWATCH

MARKETWATCH

MARKETWATCH

MARKETWATCH

MARKETWATCH

MARKETWATCH

Industrial

O�ce

Multifamily

Retail

Economy

__________________

__________________


CBD 63 9,965,357 1,059,601 89.4% 1,112,747 88.8% 47,574 945,765 $26.20 $19.27 $13.04 $25.52

Central & West Central 55 3,571,150 458,649 87.2% 498,748 86.0% (23,475) 353,410 $23.20 $17.38 $11.37 $20.51

North 47 4,650,435 477,539 89.7% 535,910 88.5% 125,896 575,183 $19.03 $14.43 N/A $15.83

Northeast & East 47 3,424,009 658,213 80.8% 721,997 78.9% (32,444) 215,796 N/A $11.81 $9.95 $11.50

Northwest & Far Northwest 198 15,514,673 1,995,168 87.1% 2,084,799 86.6% 557,999 2,110,844 $19.21 $16.99 $15.00 $18.52

Round Rock & Cedar Park 20 1,473,219 106,435 92.8% 120,304 91.8% 260,452 270,820 $15.23 $13.58 N/A $14.32

South 33 2,233,303 77,266 96.5% 88,939 96.0% 58,977 150,496 $21.00 $18.00 $10.18 $16.50

Southeast 17 1,780,993 756,533 57.5% 756,533 57.5% 20,870 130,789 N/A $17.43 N/A $17.43

Southwest 107 8,361,446 969,691 88.4% 1,026,728 87.7% 68,207 1,131,890 $20.60 $16.86 $13.00 $19.39

TOTAL 587 50,974,585 6,559,095 87.1% 6,946,705 86.4% 1,084,056 5,884,993 $21.67 $15.38 $10.79 $19.54Survey includes Austin Office Buildings larger than 25,000 SF and excludes government buildings, medical office and user campuses.* Net Absorption refers to the change in vacant space. Gross Leasing Activity refers to the change in available space, including renewals, leases & subleases.

TotalOccupancy

4Q13 Net*Absorption

4Q13 Gross Leasing

Activity*


No. ofBuildings

Total SF

DirectVacant (SF)

DirectOccupancy

TotalVacant (SF)

$16.00

$20.00

$24.00

$28.00

$32.00

0.0%

5.0%

10.0%

15.0%

20.0%


RECENT OFFICE LEASES North :: Jacobs Engineering 27,775 sf at Chase Park

Southwest :: Reddwerks Corporation 19,105 sf at Cityview Center

Far Northwest :: Bankers Toolbox 22,963 sf at Riata Corporate Park 3

Southwest :: Three Rivers 21,070 sf at The Overwatch Building

RECENT OFFICE SALES Far Northwest :: Four Points Centre 2 Class A Office Buildings totaling 192,000 square feet Buyer: Brandywine Realty / Seller: Parkway Properties



Trailing 12Months

Last Quarter(4Q13)

Quarter-To-Date

Trailing 12Months

Last Quarter(4Q13)

Volume ($ Mil) $2,005.2 $729.7 $0.0 $93,759.4 $29,363.8


Total SF 11,074,069 4,588,126 0 445,189,153 133,611,046


Average Cap Rate (Yield) N/A N/A N/A 6.9% 6.5%





71

71

71

360

620

734

685

1826

2244

1826

1327

973

967

45

969

L1

275183

290

183

290

183

290

LakeTravis

2222

1825

130

130

45

1

45

290

1431

CBD

CE

NEN

NW

SW

S

WC

SE

RRCP

FNW

Austin Submarkets

AUSTIN OFFICE

03.2013

MARKETWATCH

MARKETWATCH

MARKETWATCH

MARKETWATCH

MARKETWATCH

MARKETWATCH

MARKETWATCH

Industrial

O�ce

Multifamily

Retail

Economy

__________________

__________________


CBD 61 10,047,206 1,118,169 88.9% 1,198,725 88.1% (118,280) 251,161 $26.29 $19.73 $18.95 $25.52

Central & West Central 57 3,528,884 423,674 88.0% 442,592 87.5% (30,687) 44,385 $20.41 $14.45 $10.99 $17.51

North 47 4,704,607 562,729 88.0% 509,723 89.2% 40,600 249,345 $19.44 $13.42 N/A $15.01

Northeast & East 46 3,276,654 618,109 81.1% 626,109 80.9% 2,926 7,431 N/A $14.15 $8.96 $11.17

Northwest & Far Northwest 200 16,025,336 2,222,177 86.1% 2,276,373 85.8% 1,533 538,519 $18.48 $16.23 N/A $17.90

Round Rock & Cedar Park 17 1,234,993 224,657 81.8% 232,551 81.2% 63,805 78,471 $16.50 $13.51 N/A $14.23

South 32 2,067,162 112,224 94.6% 117,912 94.3% 18,920 33,668 N/A $18.99 $14.50 $17.11

Southeast 13 1,070,278 281,732 73.7% 281,732 73.7% 7,647 7,647 N/A $13.00 N/A $13.00

Southwest 108 8,364,820 858,945 89.7% 865,659 89.7% 74,109 353,995 $20.74 $15.23 $9.88 $19.11

TOTAL 581 50,319,940 6,422,416 87.2% 6,551,376 87.0% 60,573 1,564,622 $20.91 $15.23 $9.88 $19.11Survey includes Austin Office Buildings larger than 25,000 SF and excludes government buildings, medical office and user campuses.* Net Absorption refers to the change in vacant space. Gross Leasing Activity refers to the change in available space, including renewals, leases & subleases.

TotalOccupancy

YTD Net*Absorption

YTD Gross Leasing

Activity*


No. ofBuildings

Total SF

DirectVacant (SF)

DirectOccupancy

TotalVacant (SF)

$16.00

$20.00

$24.00

$28.00

$32.00

0.0%

5.0%

10.0%

15.0%

20.0%


RECENT OFFICE LEASES CBD :: Tableau Software 18,080 sf at One American Center

Southwest :: Bluepoint Games 11,800 sf at Plaza on the Lake

CBD :: LIN Media 23,931 sf at Austin Centre

Far Northwest :: BigCommerce.com 32,957 sf at Four Points Centre

RECENT OFFICE SALES Southwest :: Barton Oaks Plaza I 99,583 sf Class A Office Building Buyer: MIG Real Estate / Seller: GID



Trailing 12Months

Last Quarter(4Q12)

Quarter-To-Date

Trailing 12Months

Last Quarter(4Q12)

Volume ($ Mil) $1,545.3 $267.8 $198.2 $78,997.2 $30,055.1

No. of Properties 56 19 6 3,170 1,099

Total SF 8,535,310 1,658,677 1,230,605 409,841,043 153,515,254







71

71

71

360

620

734

685

1826

2244

1826

1327

973

967

45

969

L1

275183

290

183

290

183

290

LakeTravis

2222

1825

130

130

45

1

45

290

1431

CBD

CE

NEN

NW

SW

S

WC

SE

RRCP

FNW

Austin Submarkets

SEATTLE

WALNUTCREEK

LOS ANGELES

SALT LAKECITY

DENVER

MINNEAPOLIS

MILWAUKEE

ST. LOUIS

CHICAGO


NEW JERSEY



DALLASFORTWORTH

HOUSTONAUSTIN

SAN ANTONIO

OKLAHOMACITY

NEW ORLEANS

ATLANTA


MIAMI-DADE

SANFRANCISCO


SAN DIEGO

901 S. MoPac Expwy Suite 4-250 Austin, Texas 78746 512.328.5600 www.transwestern.net/austin

The Austin Office MARKETWATCH report is a monthly report prepared by Transwestern that tracks market statistics for the Austin MSA. Transwestern is pleased to provide this information to our clients and customers. If you would like to be added to the distribution list for this report, please contact Karen Judson at the phone number or email address above. The information contained herein was gathered from sources deemed to be reliable including the CoStar Group and Real Capital Analytics, however no warranty or representation, either express or implied, can be made by Transwestern as to the accuracy or completeness of this information. Copyright © 2013.

AUSTIN TEAM MEMBERS

ABOUT TRANSWESTERN

Transwestern is one of the largest privately-held, SSAE16 compliant commercial real estate firms in the United States. A diversified operating company, Transwestern is active in the real estate service, development and investment management businesses. We create value for clients through innovation, penetrating market intelligence and legendary service delivered by teams of local market experts. The firm has product specialties including office, industrial, retail, multifamily, data centers and healthcare. Through our strategic alliance with BNP Paribas Real Estate, Transwestern has extended its global reach to serve clients in Europe, the Middle East, Africa and India. Transwestern leads the industry in sustainability and has received multiple ENERGY STAR© awards from the Environmental Protection Agency (EPA).

The Austin office of Transwestern was established in 1984 to provide a broad spectrum of real estate services for assets in Central Texas. We are a market leader in Austin, currently providing real estate services for a multitude of office, industrial, retail and multifamily properties representing approximately 8 million square feet of leasing, management, development, acquisition and investment sales. Transwestern has seasoned veterans in every area of expertise with the integrity, experience and creativity to be the best partner for its clients. Transwestern’s Austin office currently employs over 75 team members and has been an innovator in the Austin market for 29 years.

Transwestern offers a complete range of services to our clients including management, leasing, tenant representation, development, accounting, investment sales and market research. Within each line of service there is proven market leadership, seasoned, knowledgeable professionals and an unparalleled international platform that, as a private company, offers stability and consistency for our clients and customers. The combination of a local focus and national resources allows Transwestern to offer the most comprehensive package of services under one roof, and provides the greatest flexibility for our clients.

Visit our website www.transwestern.net/austin to learn more about Transwestern and the services we provide.

Ty Puckett, Executive Vice PresidentDevelopment & Investment [email protected]

Hale Umstattd, SVP | Managing DirectorInvestment Sales & Agency [email protected]

Craig Hutchens, Senior Vice PresidentStructured Finance & Capital [email protected]

Leah Gallagher, Managing DirectorInvestment [email protected]

Jeff Rogers, Managing DirectorInvestment Sales - [email protected]

Chris Stutzman, Managing DirectorInvestment Sales - [email protected]

Britt Reed, Senior Vice PresidentTenant Advisory & Agency [email protected]

Greg Johnson, Vice PresidentAgency [email protected]

Luke Wheeler, Vice PresidentAgency Leasing & Tenant [email protected]

Brandon Lester, Associate Vice PresidentAgency Leasing & Tenant [email protected]

Josh Delk, Associate Vice PresidentDevelopment & Investment [email protected]

Will Stewart, Senior AssociateAgency Leasing & Tenant [email protected]

Ron Losefsky, Senior AssociateInvestment Sales & Tenant [email protected]

Robert Gaston, Exec. Vice PresidentCentral [email protected]

Karen Judson, Vice PresidentMarketing & [email protected]

austin office marketwatch - texas a&m university · 2017-07-06 · coyright 2017 transwestern....

Documents