NAI Partners Austin recently held its inaugural Austin Press Luncheon at its home base at 701 Brazos Street, and featured a panel of the company’s experts—including David Dawkins, Troy Martin, Todd Mahler and Stephen Wentworth—holding forth on a variety of trends and topics in Austin real estate they are seeing across the company’s Office, Industrial, Landlord Services and Retail service offerings, respectively.
Highlights from the Austin real estate luncheon include:
Troy Martin on Industrial:
“In the very big warehouse distribution space — the 20,000-sq.-ft.-plus level — there are actual spaces and availabilities for what feels like the first time in a long time. I feel like I have choices for my clients. Trying to find a small building, say 3,000 sq. ft. of industrial anywhere near downtown — is virtually impossible.”
Stephen Wentworth on Retail:
“One of the overarching trends in the retail space we’re seeing is the sheer volume of new developers coming in and kicking out long-established, neighborhood restaurants. Taxes continue to rise, rents continue to rise — it’s a challenging pill to swallow for many a smaller restaurateur and retailer.”
David Dawkins on Office:
“The office market in Austin remains tight. Five years ago if you had to put 500,000 sq. ft. on the ground, you’d wonder how long it would take to lease up. As Austin continues to increase its appeal for companies of all sizes — including names like Indeed and HomeAway — these types of spaces not only are filled very quickly, but are fewer and farther between.”
About NAI Partners
Houston | Austin | San Antonio
NAI Partners is the 5th-largest Houston-Area Commercial Real Estate Brokerage, the #1 Mover of Square Feet among leasing and sales brokerages, the largest independently owned and among the largest owner-operated commercial real estate firms in Houston, Texas, per The Houston Business Journal. NAI Partners was founded and is headquartered in Houston and has offices in San Antonio and Austin; offers the geographic expertise to complete real estate transactions throughout the state of Texas; and can leverage the power of the NAI Global network to arrange deals in any location throughout the world. NAI Partners employs more than 100 real estate professionals, and arranges more transactions than any of its competitors, completing over 500 commercial lease and sale arrangements every year. NAI Partners is a full-service firm offering client leasing and sales solutions in the areas of office tenant representation, office landlord representation, industrial tenant representation, industrial landlord representation, landlord services, retail services, property management, investment sales, an investment fund, and project management, among other services. The company has been named a Best Place to Work by both the Houston Chronicle and Houston Business Journal, and is among the University of Houston’s Cougar 100 Fastest-Growing Companies.
Commercial real estate in Houston. NAI Partners offers full-service commercial real estate solutions to Houston, Austin and San Antonio, and has been serving the Houston commercial real estate needs of its clients for more than 20 years. We specialize in finding office space, industrial space and retail space, and can arrange an office lease, industrial lease or retail lease for your company. Our industrial brokers help tenants and landlords or property owners of any size find the perfect real estate space or location for their business needs. For more information, contact us today.