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austin warehouse: What a Trip to La Grange Tells Me About Real Estate - 03/02/09 03:24 PM
Today I was fortunate enough to take a trip to La Grange, Texas which is about 70 miles from where I live in Austin. I say forunate because the weather is phenomenal, and I rode most of the way with my windows down and because I had some time to do some thinking which is always nice. Along the way I realized how many For Lease signs I saw.
To be fair, today isn't the first day that I saw a lot of For Lease signs, but it really began to hit home for me. There is a LOT of supply … (2 comments)
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austin warehouse: Commercial Slowdown - What To Do About It - 10/27/08 09:37 PM
As I have posted time and again (though not in a few months), Central Texas has been very lucky in how the economy has fared in relation to other parts of the country. That said, I've also posted time and again about how the growth in available sublease space and new office space are precursors to lower lease rates in the Austin area.
Has it happened, yes. Rates and sales prices have definitely come down. Subleases continue to become more prevalent. Landlords and building owners are having to settle for less, or offer more incentives. Is it because the economy … (0 comments)
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austin warehouse: Why You Need to Invest NOW, Not Later - 04/17/08 01:28 PM
You'll Make More Money - It's that simple!
Why?
When you turn on CNBC or the nightly national news, what are some of the major stories? Oil is getting more expensive, Steel is getting more expensive, Copper is getting more expensive, Gas is getting more expensive, etc... I think you get the idea.
Not only is inflation on the rise, but more importantly, the input costs for new construction are going up. It is only going to be more expensive to build, whether it's a house or a commercial property.
One of the ways of valuing commercial property is through replacement cost. Simply stated, … (5 comments)
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Patrick Foley
Houston,
TX
More about me…
Address: 3115 Fairdale Oaks East, Houston, TX, 77057
Office Phone: (832) 659-5076
Cell Phone: (832) 659-5076
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This blog talks about flat fee MLS, real estate in Houston and across the US, and just other general topics.
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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