Austin-Round Rock Commercial Real Estate Market Report – First-Quarter of 2021

The Austin-Round Rock, TX commercial real estate market is stronger compared to the overall U.S. market. The apartment market is experiencing slower rent growth than nationally. The office market is undergoing negative net absorption. The industrial sector is experiencing positive net absorption*. This area is experiencing stronger retail trade job creation than nationally. In the hotel/lodging sector, there is a weaker recovery in leisure and hospitality jobs than nationally. The overall economic condition is stronger than nationally. The job creation is stronger than nationally. In 2020, this metro area experienced net in-migration. Commercial transactions are likely to pick up in the second half of 2021 and in 2022 as more people get vaccinated, more businesses operate at higher capacity, personal leisure and business travel pick up, and consumer spending rises.

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