{"id":1004524616,"date":"2021-05-07T03:46:07","date_gmt":"2021-05-07T11:46:07","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004524616"},"modified":"2021-05-15T10:32:13","modified_gmt":"2021-05-15T18:32:13","slug":"austin-market-update-sales-activity-remains-slow","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/austin-market-update-sales-activity-remains-slow\/","title":{"rendered":"Austin Market Update: Sales Activity Remains Slow"},"content":{"rendered":"<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-1004512342\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update.jpg\" alt=\"Standard Market Update image\" width=\"300\" height=\"233\"><\/a>In March, office activity in Austin, Texas, recorded a single transaction, totaling 162,000 square feet, according to CommercialEdge. The volume of sales was somewhat similar to that from February, when the market saw 240,000 square feet in transactions. Office sales in the metro also saw a&nbsp;year-over-year decrease in total transacted space, by approximately 47,000 square feet.<\/p>\n<p>In March, Montana Capital Partners acquired an office building called Frontera Crossing from Harbert Management Corp. Located at&nbsp;101 W. Louis Henna Blvd., on 14 acres, the property is just off Interstate 35. According to CommercialEdge, JLL\u2019s&nbsp;Kevin Kimbrough, Brent Powdrill and&nbsp;Madeline Smith are handling leasing at the building.<\/p>\n<p>While the sales volume is down in the market, Austin\u2019s continuous growth is driven by multiple major developments. Apple\u2019s upcoming&nbsp;$1 billion campus, located in Northwest Austin, the metro\u2019s booming tech area, is expected to house approximately 15,000 employees. Completion of the 3 million-square-foot business park is expected in the second quarter of 2022.<\/p>\n<p>The metro also continues to be a magnet for companies looking to open or relocate offices. Recently, structural engineering firm <a href=\"https:\/\/www.commercialsearch.com\/news\/l-a-fuess-partners-opens-austin-office\/\">L.A. Fuess Partners<\/a>, which specializes in designing commercial, residential and institutional buildings selected the Texas capital as the location of its third office.&nbsp;<\/p>\n<p><em>CommercialEdge covers 8M+ property records in the United States. View the latest CommercialEdge national monthly office report&nbsp;here.&nbsp;We included properties of 25,000+ square feet in our research.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The volume of sales was somewhat similar to that from February, when the market recorded\u00a0240,000 square feet in transactions.<\/p>\n","protected":false},"author":868,"featured_media":1004527998,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21743,22251,21742,21747,51037],"tags":[51047,50674],"class_list":["post-1004524616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-deals","category-in-focus","category-latest","category-office","category-trends","tag-marketupdate","tag-commercialedge"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Austin Market Update: Sales Activity Remains Slow - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/austin-market-update-sales-activity-remains-slow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Austin Market Update: Sales Activity Remains Slow\" \/>\n<meta property=\"og:description\" content=\"The volume of sales was somewhat similar to that from February, when the market recorded\u00a0240,000 square feet in transactions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/austin-market-update-sales-activity-remains-slow\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-07T11:46:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T18:32:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update-800x620-13.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sergiu Inizian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/austin-market-update-sales-activity-remains-slow\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/austin-market-update-sales-activity-remains-slow\/\",\"name\":\"Austin Market Update: Sales Activity Remains Slow - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/austin-market-update-sales-activity-remains-slow\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/austin-market-update-sales-activity-remains-slow\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update-800x620-13.jpg\",\"datePublished\":\"2021-05-07T11:46:07+00:00\",\"dateModified\":\"2021-05-15T18:32:13+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/austin-market-update-sales-activity-remains-slow\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/austin-market-update-sales-activity-remains-slow\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/austin-market-update-sales-activity-remains-slow\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update-800x620-13.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update-800x620-13.jpg\",\"width\":800,\"height\":620},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/austin-market-update-sales-activity-remains-slow\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Austin Market Update: Sales Activity Remains Slow\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a\",\"name\":\"Sergiu Inizian\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b7d8372f9eadc9bebc87c14d0e66818c9440b37b6a497cf451851469b8741a4b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b7d8372f9eadc9bebc87c14d0e66818c9440b37b6a497cf451851469b8741a4b?s=96&d=mm&r=g\",\"caption\":\"Sergiu Inizian\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/sergiui\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Austin Market Update: Sales Activity Remains Slow - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/austin-market-update-sales-activity-remains-slow\/","og_locale":"en_US","og_type":"article","og_title":"Austin Market Update: Sales Activity Remains Slow","og_description":"The volume of sales was somewhat similar to that from February, when the market recorded\u00a0240,000 square feet in transactions.","og_url":"https:\/\/www.commercialsearch.com\/news\/austin-market-update-sales-activity-remains-slow\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2021-05-07T11:46:07+00:00","article_modified_time":"2021-05-15T18:32:13+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update-800x620-13.jpg","type":"image\/jpeg"}],"author":"Sergiu Inizian","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/austin-market-update-sales-activity-remains-slow\/","url":"https:\/\/www.commercialsearch.com\/news\/austin-market-update-sales-activity-remains-slow\/","name":"Austin Market Update: Sales Activity Remains Slow - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/austin-market-update-sales-activity-remains-slow\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/austin-market-update-sales-activity-remains-slow\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update-800x620-13.jpg","datePublished":"2021-05-07T11:46:07+00:00","dateModified":"2021-05-15T18:32:13+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/austin-market-update-sales-activity-remains-slow\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/austin-market-update-sales-activity-remains-slow\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/austin-market-update-sales-activity-remains-slow\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update-800x620-13.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update-800x620-13.jpg","width":800,"height":620},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/austin-market-update-sales-activity-remains-slow\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Austin Market Update: Sales Activity Remains Slow"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a","name":"Sergiu Inizian","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b7d8372f9eadc9bebc87c14d0e66818c9440b37b6a497cf451851469b8741a4b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b7d8372f9eadc9bebc87c14d0e66818c9440b37b6a497cf451851469b8741a4b?s=96&d=mm&r=g","caption":"Sergiu Inizian"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/sergiui\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update-800x620-13.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004524616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/868"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004524616"}],"version-history":[{"count":4,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004524616\/revisions"}],"predecessor-version":[{"id":1004534617,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004524616\/revisions\/1004534617"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004527998"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004524616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004524616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004524616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}