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We hope this site gives you some valuable information and a fun tour about our great city Austin, Texas!

We also hope, when you are ready to sell or buy your home or commercial property, that you let us share with you our knowledge and
experience. We know Austin, we love Austin, and we promise to really work for you. You'll see!

Get to Know Austin

Real Estate Stuff

*Artwork by Natasha M.

Austin, Texas Rank: 1
Projected total GMP growth, 2007-2012: 32.05%
The self-proclaimed "Live Music Capital of the World" is booming, thanks in large part to Austin's high-tech industry (key employers include Dell, IBM and Apple) and the University of Texas, which provides the area with a steady stream of engineering talent. In addition to music, the city also has a thriving film industry. Its projected gross domestic product growth by 2012 is second only to Mobile, Ala., and first among the largest 100 metro areas in the country. Metro area Austin's population is expected to grow nearly 15% by 2012. Source: Moody's Economy.com

RETAIL MARKET
The Austin retail market absorbed a remarkable amount of new space in 2007. The market saw openings of several significant projects including The Domain, anchored by Neiman Marcus, The Hill Country Galleria, anchored by Dillard’s, 1890 Ranch, anchored by Target and South Park Meadows Phases II and III anchored by JC Penny’s, Target, and Cinemark. Overall, the market absorbed approximately four million square feet, most of which was new construction. At the end of 2007, overall occupancy was 91.8 percent and average rental rates were $22.41 per square foot per year plus triple nets. This represents about a 0.70 percent drop in overall occupancy and an estimated 11 percent increase in asking rates for vacant space. Regional shopping centers were the strongest sector with approximately 94.7 percent overall occupancy and average rental rates of $29.44 per square foot per year. The softest sector was unanchored strip retail centers with an overall occupancy of approximately 88.1 percent and average rental rates of $17.64 per square foot per year plus triple nets. Statistics represent past performance and by any measure Austin has been an exceptional market for a long time. Statistically, 2008 should also prove to be a healthy market for Central Texas. This will largely be due to the leasing and development momentum generated during prior years. While Austin in particular and Texas in general are experiencing much stronger economic conditions than the rest of the country, we are not immune from a slowing national economy. A tight credit market and erratic retail sales have retailers slowing down future store openings. This will translate into a slow down in new development and a softening in occupancy and rental rates. While this trend will most likely be light compared to the rest of the country, it will be a change in direction for the local market. High quality shopping centers located in desirable areas will be the exception to this trend. (CBRE.COM)


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Home \| Residential Real Estate \| Commercial Real Estate \| Customer Service This site also offers information on Austin (our beloved city), designed to give you an idea of the local market. At AustinRus.com you can get all your Austin real estate research done. We want you to love Austin as much as we do. Austin, Texas is the fourth largest city in Texas, and Austin earned the title "Best Little City in America" from National Geographic Traveler. The warmth and energy is something about Austin real estate that you just don't find in other cities. Austin truly has a small-town feel. We love our Austin’s upscale living, but mostly, we love Austin’s eclectic mix and Austin’s weirdness. Austin’s vibrant and dynamic arts, music, film and cultural life. Austin’s downtown core gives you instant access to all of Austin's charm without the commute or gas costs of living in the suburbs. But, Austin suburbs gives you the hill country and the lakes. Whether you are interested in a loft, home, apartment, mansion, condo or high rise, the properties for sale in Austin cover every taste from modern to historic. And that is not all, if you are locating you business or opening a new one in Austin (Austin TX), we are here to help you with buying or leasing your Austin commercial real estate. Austin prides itself on its locally owned businesses & consciously supports them over the more common national chains. The "Keep Austin Weird" campaign is a large supporter of local businesses, and the citizens of Austin have a high level of commitment to preserving Austin's local flavor. If you ever fly in or out of the Austin Airport, you will notice that every retailer is a local Austin business. It is a great place to grow your business. AustinRus, A Realtor working for you to help you research the Austin Texas Real Estate commercial Market AustinRus.com austinareus.com austin r us , austin are us austinrareus.com photos of homes, commercial properties and investments austinareus.com docs of homes, commercial properties and investments are copy rights of austinrus realty