Everyone in the Austin real estate world knows that the Austin Business Journal’s Jan Buchholz is the go-to source for all things commercial real estate. When she says something is the best she’s ever seen, people listen up. So as you can imagine, the AQUILA team took note when Jan’s latest write up came out heralding our 2Q 2016 Special Report “one of the best commercial real estate reports” she had ever seen, including her time in the larger markets of Denver and Phoenix. Yeah, we’re pretty excited.
Jan continues to give accolades to AQUILA’s Market Research Analyst Clayton Schleimer, who took over the report at the beginning of the year, and Director of Marketing Kendall Guinn, who initiated the overhaul of the report in 2015.
So why is the report causing so much buzz? AQUILA’s latest whitepaper entitled Eastside Special: Austin’s Fourth Primary Submarket? gives a detailed look at Austin’s burgeoning Eastside office market. The report defines the submarket as the area north of the river, east of IH-35 and within the 183 loop, with three distinct micromarkets and examines the changing nature of the area, delving into demographics, development and culture.
The Eastside is a submarket unlike the sprawling suburban office markets or the ever growing high-rises of the CBD; this new submarket has its own office type and it is attracting in a distinct type of user. Recent tenants to relocate to the area include creative giants C3 Presents, the company behind ACL Festival and Lollapalooza, and Conde Nast, the powerhouse behind Glamour, GQ and Vogue.
To get the full scoop on what’s happening in Austin’s Eastside office market, download your copy of Eastside Special. Looking for a more comprehensive market update? Download the full 2Q Austin Market Report.