New San Antonio office construction at an all-time high

First quarter 2017 saw a record amount of new office construction in the Alamo City, further proof that the city’s economic outlook is strong.

Of the 1.2 million square feet of new office space under construction in San Antonio, 738,000 square feet was started during first quarter 2017 alone, according to the latest office market report from Transwestern.

Click to read more at San Antonio Business Journal.

Austin’s retail landscape tight as a drum

Brokers of retail space certainly have their work cut out for them these days.

Demand for retail sites remains strong as the population continues to grow quickly throughout the Central Texas region — especially in the suburbs. That leads to a lot of new options coming online, higher rental rates and somewhat difficult times for shopkeepers eager to expand.

Click to read more at Austin Business Journal. 

Record-setting start to summer; Central Texas housing sale dollar volume tops $1B in May

The Central Texas real estate market shows no signs of slowing down, with the sales dollar volume for single-family homes in the Austin region reaching an all-time record $1.2 billion during the month of May. This marks the first time in 2017 that the sales dollar volume has surpassed $1 billion in a single month.

According to the Austin Board of Realtors’ monthly report, released Thursday, gains in listing activity and housing inventory should boost the real estate market in what was already projected to be a busy summer.

Click to read more at Austin Business Journal.

One of region’s biggest shopping centers delivers in Cedar Park — but it’s almost entirely leased up

For people who never venture up to Cedar Park about 30 minutes north of Austin, they might be surprised to learn that one of the largest retail developments in the area recently opened, adding 400,000 square feet of much-needed shops and restaurants to one of the area’s fastest-growing suburbs.

That’s almost half the size of Lakeline Mall.

Click to read more at Austin Business Journal.

Austin AI real estate startup raises $27M, set to hire hundreds

Three firms have invested $27 million in Opcity Inc., an Austin-based real estate tech startup, company executives announced Wednesday.

The venture operates in the residential real estate market and uses artificial intelligence, proprietary data and analytics to connect agents with home sellers and ready-to-buy prospectors in real time.

Click to read the rest of this Article at Austin Business Journal.