News
Feature Article - Keeping Track of Zoning Changes
06.30.10 - Zoning is the primary tool that cities use to control land use. Most zoning codes establish base zoning districts that allow different types of land uses (such as single family, multifamily, retail, office and industrial) and further provide a list of certain uses that are permitted, prohibited or conditional in that district. Typically, each zoning district has a specific set of site development regulations applicable to it covering: height, setbacks, floor to area ratio, impervious cover and similar items. In addition to base zoning districts, many zoning codes provide for conditional overlays that adjust land uses and site development regulations applicable in a base district for specific parts of the city. For instance, Austin has the Waterfront Overlay for properties located near Lady Bird Lake and the University Neighborhood Overlay for properties located around the University of Texas campus. Read more...
2010 Best Real Estate Awards
05.27.10 - HPI Real Estate, Inc. is proud to announce Davis Spring Corporate Center won the 2010 Austin Business Journal's Best Real Estate Award in the Industrial Lease / Sale or New Development category. Read more...
Austin Industrial Landlord Outlook
03.16.10 - The fundamentals of the industrial sector are currently out of balance, but improvements seem to be on the way. For the first time in over three years, there is no new product under construction. Without the threat of new development on the horizon, landlords can begin to assess the damage. The development "shut down", coupled with the fact that fewer tenants are putting space back on the market, is a huge step towards realizing some positive absorption. Read more...
Austin Industrial Tenant Outlook
03.16.10 - These are the questions facing business owners in today’s market: What is the real state of the economy? When will the current market hit bottom or stabilize? Where are the opportunities for me to expand my business? Read more...
Austin Office Tenant Outlook
03.16.10 - Across the country in 2009, we saw most companies experience financial difficulties, cost cutting and downsizing to recover lost income. On a company’s balance sheet, rent obligations are typically the second largest line item behind payroll. Simply stated, subleasing space helps decrease that number. Quite often in 2009, companies subleased excess office space in an effort to reduce overhead and help stabilize the books. The good news, reducing rent obligations has helped companies stabilize during 2009. Consequently in Q1 2010, we are seeing an overall flattening within the sublease market. Don’t think this means the real estate market is getting better because, as a tenant, you are in luck – it isn’t. Read more...