TX - Amarillo
TX - Austin
DEMOGRAPHICS CBSA
Amarillo, TX
DEMOGRAPHICS
Square Miles
Population
Households
Household Income Median
Employees (Total)
Unemployment
3,660
247,964
97,166
$46,698
89,400
5.30%
CBSA
AustinRound Rock, TX
MARKET HIGHLIGHTS
Square Miles
Population
Households
Household Income Median
Employees (Total)
Unemployment
4,224
1,730,983
665,762
$57,641
622,577
5.80%
MARKET HIGHLIGHTS
• Increased national and regional Retail space demand is
• Forbes lists Austin with the sixth lowest unemployment rate
bumping into a lack of available Class A Retail space.
of America’s Hardest Working Cities with the fifth highest hours worked per capita.
• Soncy Market, anchored by United Supermarket is 50%
• New developer and health care provider makes its debut
preleased with occupancy not available until Q1 2014.
with the construction of a $135 million surgical hospital near State Hwy. 45 and La Frontera Boulevard.
• Interest in single-tenant freestanding buildings or build-to-
suit sites is brisk with multiple location choices available for those tenants or their developers.
• Austin was tagged by Daily Beast website as the most
aspirational city in the nation. This means the Capital City attracts ambitious citizens. The rankings focus on employment growth, per capita income, growth among immigrant residents and quality of life factors, including traffic congestion.
• Retail sales are up 5.37% for the first 5 months of 2013. • The single-family residential market is up nearly 10%
through the first half of 2013 and could end up as the best year since 2007.
• Cypress Real Estate Advisors, an active Multi-Family
• Multi-Family occupancies and rental rates are strong
developer, planned a four to five story Mixed-Use project, dubbed Burnet Marketplace, for early next year.
currently, but new projects under construction or in the planning stage will most likely soften occupancy and rental rates by year end or early 2014.
• Ground breaking for the $350 million, 50 story, Fairmont Hotel planned for downtown will occur in November.
• Cousins Properties that brought the Frost Bank Tower to the Austin skyline, is now breaking ground on a 29-story downtown Office tower.
OFFICE
retail
industrial
multy-family
OFFICE
retail
industrial
multy-family
Vacancy
n
q
q
q
Vacancy
q
q
q
p
Absorption
n
p
p
p
Absorption
p
p
p
n
Rental Rates
n
p
p
p
Rental Rates
p
p
p
p
CONTACT
CONTACT
Coldwell Banker Commercial First Equity, Realtors
2101 S. Coulter Amarillo, TX 79106 (806) 354-3500
www.cbcamarillo.com
Coldwell Banker Commercial United, Realtors
59
2121 Sage Rd. Suite 150 Houston, TX 77056 (713) 840-5000
www.cbcunitedrealtors.com