AUSTIN ECONOMY MARKET WATCH

Transcription

1 REAL ESTATE OUTLOOK AUSTIN ECONOMY MARKET WATCH MARCH 2016 Austin Employment By Industry (Trailing 12 Months) INDUSTRY (NON FARM) JAN 2016 JAN 2015 % GROWTH Mining, Logging & Construction 58,700 52, % Manufacturing 56,500 57, % Trade, Transportation & Utilities 168, , % Information 27,000 26, % Financial Services 53,700 52, % Professional & Business Services 162, , % Education & Health Services 113, , % Leisure & Hospitality 116, , % Other Services 40,900 39, % Government 173, , % TOTAL 971, , % Industry Composition Austin MSA Other Services 4% Leisure & Hospitality 17% Government 19% Educational & Health Services Professional & 12% Business Services 33% SOURCE: Texas Workforce Commission Mining, Logging & Construction Trade, Transportation & Utilities 18% Manufacturing Information 3% Financial Services 5% Unemployment Rate Year-End % % Year-End % 8.3% 9.4% Year-End % 7.2% 8.3% Year-End % 6.1% 7.8% Year-End % % Year-End % 4.1% 5.4% Year-End % 4.2% 4.8% January % 4.4% 5.3% SOURCE: Texas Workforce Commission, Bureau of Labor Statistics Population YEAR-END ,705,075 24,782, ,006, ,716,289 25,145, ,745, ,783,519 25,674, ,591, ,836,149 26,060, ,873, ,885,803 26,448, ,128, ,943,299 24,956, ,355, ,020,452 27,469, ,418,820 SOURCE: Texas A&M REal Estate Center, US Census Bureau Average Home Prices :: January 2016 Average Price $345,600 $256,600 $266,800 Median Price $272,300 $201,900 $224,000 Mo. of Inventory SOURCE: MLS Austin, Greater Austin Chamber of Commerce U.S. Key Indicators This information is current as of the publication date of this report. If you need up-to-the-minute, real-time numbers for any or all of these key indicators, visit the WSJ Market Data Center by clicking this link: usoverview DJIA NASDAQ S&P Prime Rate Money Mkt Yr Fixed Yr Fixed Yr ARM Jumbo Fannie Mae

2 AUSTIN ECONOMY MARKET WATCH MARCH 2016 BUILDING PERMITS ISSUED :: AUSTIN MSA About Transwestern 2,000 1,500 1, PERMITS: SINGLE FAMILY 4Q14 3Q14 2Q14 PERMITS: MULTIFAMILY 4Q15 3Q15 2Q15 1Q15 SOURCE: Texas A&M Real Estate Center Transwestern is a privately held, SSAE 16 compliant commercial real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. As a member of the Transwestern family of companies, the firm capitalizes on market insights and operational expertise of independent affiliates specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 181 offices in 40 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit transwestern.com/austin and follow us on Austin Team Members Ty Puckett, Executive Vice President Development & Investment Sales (512) ty.puckett@transwestern.com Hale Umstattd, Executive Managing Director Investment Sales & Corp. Services (512) hale.umstattd@transwestern.com Leah Gallagher, Managing Director Investment Sales (512) leah.gallagher@transwestern.com Jeff Rogers, Managing Director Investment Sales - Multifamily (512) jeff.rogers@transwestern.com Chris Stutzman, Managing Director Investment Sales - Multifamily (512) chris.stutzman@transwestern.com Mike Brown, Senior Vice President Agency Leasing & Business Development (512) mike.brown@tranwestern.com Britt Reed, Senior Vice President Tenant Advisory (512) britt.reed@transwestern.com Greg Johnson, Vice President Agency Leasing (512) greg.johnson@transwestern.com Luke Wheeler, Vice President Agency Leasing & Tenant Advisory (512) luke.wheeler@transwestern.com Will Stewart, Vice President Agency Leasing & Tenant Advisory (512) will.stewart@transwestern.com Brandon Lester, Vice President Agency Leasing & Tenant Advisory (512) brandon.lester@transwestern.com Tracy Fike, Associate Tenant Advisory & Agency Leasing (512) tracy.fike@transwestern.com Josh Delk, Associate Vice President Development & Investment Sales (512) josh.delk@transwestern.com Tim Ryan, Development Associate Development & Investment Sales (512) tim.ryan@transwestern.com Robert Gaston, Executive Vice President Southwest City Leader (512) robert.gaston@transwestern.com Karen Judson, Vice President Marketing & Research (512) karen.judson@transwestern.com CONTACT Karen Judson Vice President karen.judson@transwestern.com METHODOLOGY The information in this report is the result of a compilation of publicly available data from a variety of commercial and government sources. 901 S MoPac Expressway, Suite Austin, Texas T F Copyright 2016 Transwestern. All rights reserved. No part of this work may be reproduced or distributed to third parties without written permission of the copyright owner. The information contained in this report was gathered by Transwestern from CoStar and other primary and secondary sources believed to be reliable. Transwestern, however, makes no representation concerning the accuracy or completeness of such information and expressly disclaims any responsibility for any inaccuracy contained herein.

3 REAL ESTATE OUTLOOK AUSTIN ECONOMY MARKET WATCH FEBRUARY 2016 Austin Employment By Industry (Trailing 12 Months) INDUSTRY (NON FARM) DEC 2015 DEC 2014 % GROWTH Mining, Logging & Construction 54,600 50, % Manufacturing 56,300 57, % Trade, Transportation & Utilities 168, , % Information 26,300 25, % Financial Services 54,300 52, % Professional & Business Services 165, , % Education & Health Services 112, , % Leisure & Hospitality 113, , % Other Services 41,100 39, % Government 171, , % TOTAL 963, , % Industry Composition Austin MSA Other Services 4% Leisure & Hospitality 17% Government 19% Educational & Health Services 12% Professional & Business Services 33% SOURCE: Texas Workforce Commission Mining, Logging & Construction Trade, Transportation & Utilities 18% Manufacturing Information 3% Financial Services Unemployment Rate Year-End % 4.9% 5.8% Year-End % % Year-End % 8.3% 9.4% Year-End % 7.2% 8.3% Year-End % 6.1% 7.8% Year-End % % Year-End % 4.1% 5.4% December % 4.2% 4.8% SOURCE: Texas Workforce Commission, Bureau of Labor Statistics Population YEAR-END ,705,075 24,782, ,006, ,716,289 25,145, ,745, ,783,519 25,674, ,591, ,836,149 26,060, ,873, ,885,803 26,448, ,128, ,943,299 24,956, ,355, ,020,452 27,469, ,418,820 SOURCE: Texas A&M REal Estate Center, US Census Bureau Average Home Prices :: December 2015 Average Price $345,600 $256,600 $266,800 Median Price $272,300 $201,900 $224,000 Mo. of Inventory SOURCE: MLS Austin, Greater Austin Chamber of Commerce U.S. Key Indicators This information is current as of the publication date of this report. If you need up-to-the-minute, real-time numbers for any or all of these key indicators, visit the WSJ Market Data Center by clicking this link: usoverview DJIA NASDAQ S&P Prime Rate Money Mkt Yr Fixed Yr Fixed Yr ARM Jumbo Fannie Mae

4 AUSTIN ECONOMY MARKET WATCH FEBRUARY 2016 BUILDING PERMITS ISSUED :: AUSTIN MSA About Transwestern 1,500 1, N PERMITS: SINGLE FAMILY 3Q14 2Q14 1Q14 4Q14 PERMITS: MULTIFAMILY 4Q15 3Q15 2Q15 1Q15 SOURCE: Texas A&M Real Estate Center Transwestern is a privately held, SSAE 16 compliant commercial real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. As a member of the Transwestern family of companies, the firm capitalizes on market insights and operational expertise of independent affiliates specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 181 offices in 40 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit transwestern.com/austin and follow us on Austin Team Members Ty Puckett, Executive Vice President Development & Investment Sales (512) ty.puckett@transwestern.com Hale Umstattd, Executive Managing Director Investment Sales & Corp. Services (512) hale.umstattd@transwestern.com Leah Gallagher, Managing Director Investment Sales (512) leah.gallagher@transwestern.com Jeff Rogers, Managing Director Investment Sales - Multifamily (512) jeff.rogers@transwestern.com Chris Stutzman, Managing Director Investment Sales - Multifamily (512) chris.stutzman@transwestern.com Mike Brown, Senior Vice President Agency Leasing & Business Development (512) mike.brown@tranwestern.com Britt Reed, Senior Vice President Tenant Advisory (512) britt.reed@transwestern.com Greg Johnson, Vice President Agency Leasing (512) greg.johnson@transwestern.com Luke Wheeler, Vice President Agency Leasing & Tenant Advisory (512) luke.wheeler@transwestern.com Will Stewart, Vice President Agency Leasing & Tenant Advisory (512) will.stewart@transwestern.com Brandon Lester, Vice President Agency Leasing & Tenant Advisory (512) brandon.lester@transwestern.com Tracy Fike, Associate Tenant Advisory & Agency Leasing (512) tracy.fike@transwestern.com Josh Delk, Associate Vice President Development & Investment Sales (512) josh.delk@transwestern.com Tim Ryan, Development Associate Development & Investment Sales (512) tim.ryan@transwestern.com Robert Gaston, Executive Vice President Southwest City Leader (512) robert.gaston@transwestern.com Karen Judson, Vice President Marketing & Research (512) karen.judson@transwestern.com CONTACT Karen Judson Vice President karen.judson@transwestern.com METHODOLOGY The information in this report is the result of a compilation of publicly available data from a variety of commercial and government sources. 901 S MoPac Expressway, Suite Austin, Texas T F Copyright 2016 Transwestern. All rights reserved. No part of this work may be reproduced or distributed to third parties without written permission of the copyright owner. The information contained in this report was gathered by Transwestern from CoStar and other primary and secondary sources believed to be reliable. Transwestern, however, makes no representation concerning the accuracy or completeness of such information and expressly disclaims any responsibility for any inaccuracy contained herein.

5 REAL ESTATE OUTLOOK AUSTIN ECONOMY MARKET WATCH DECEMBER 2015 Austin Employment By Industry (Trailing 12 Months) INDUSTRY (NON FARM) OCT 2015 OCT 2014 % GROWTH Mining, Logging & Construction 53,100 52, % Manufacturing 57,300 57,300 0% Trade, Transportation & Utilities 163, , % Information 26,200 25, % Financial Services 54,100 52, % Professional & Business Services 162, , % Education & Health Services 111, , % Leisure & Hospitality 113, , % Other Services 41,100 39, % Government 172, , % TOTAL 956, , % Industry Composition Austin MSA Other Services 4% Leisure & Hospitality 17% Government 19% Educational & Health Services 12% Professional & Business Services 33% Mining, Logging & Construction 5% Trade, Transportation & Utilities 18% SOURCE: Texas Workforce Commission Manufacturing Information 3% Financial Services Unemployment Rate Year-End % 4.9% 5.8% Year-End % % Year-End % 8.3% 9.4% Year-End % 7.2% 8.3% Year-End % 6.1% 7.8% Year-End % % Year-End % 4.1% 5.4% October % 4.5% 4.8% SOURCE: Texas Workforce Commission, Bureau of Labor Statistics Population YEAR-END ,654,100 24,304, ,374, ,705,075 24,782, ,006, ,716,289 25,145, ,745, ,783,519 25,674, ,591, ,849,303 26,060, ,873, ,908,872 26,448, ,128, ,943,299 26,956, ,355,064 SOURCE: Texas A&M REal Estate Center, US Census Bureau Average Home Prices :: October 2015 Average Price $318,300 $247,400 $265,000 Median Price $256,200 $196,700 $221,900 Mo. of Inventory SOURCE: MLS Austin, Greater Austin Chamber of Commerce U.S. Key Indicators This information is current as of the publication date of this report. If you need up-to-the-minute, real-time numbers for any or all of these key indicators, visit the WSJ Market Data Center by clicking this link: usoverview DJIA NASDAQ S&P Prime Rate Money Mkt Yr Fixed Yr Fixed Yr ARM Jumbo Fannie Mae

6 AUSTIN ECONOMY MARKET WATCH DECEMBER 2015 BUILDING PERMITS ISSUED :: AUSTIN MSA About Transwestern 1,500 1, PERMITS: SINGLE FAMILY 3Q14 2Q14 1Q14 4Q14 PERMITS: MULTIFAMILY 3Q15 2Q15 1Q15 SOURCE: Texas A&M Real Estate Center Transwestern is a privately held, SSAE 16 compliant commercial real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. As a member of the Transwestern family of companies, the firm capitalizes on market insights and operational expertise of independent affiliates specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 181 offices in 40 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit transwestern.com/austin and follow us on Austin Team Members Ty Puckett, Executive Vice President Development & Investment Sales (512) ty.puckett@transwestern.com Hale Umstattd, Executive Managing Director Investment Sales & Corp. Services (512) hale.umstattd@transwestern.com Leah Gallagher, Managing Director Investment Sales (512) leah.gallagher@transwestern.com Jeff Rogers, Managing Director Investment Sales - Multifamily (512) jeff.rogers@transwestern.com Chris Stutzman, Managing Director Investment Sales - Multifamily (512) chris.stutzman@transwestern.com Mike Brown, Senior Vice President Agency Leasing & Business Development (512) mike.brown@tranwestern.com Britt Reed, Senior Vice President Tenant Advisory (512) britt.reed@transwestern.com Greg Johnson, Vice President Agency Leasing (512) greg.johnson@transwestern.com Luke Wheeler, Vice President Agency Leasing & Tenant Advisory (512) luke.wheeler@transwestern.com Will Stewart, Vice President Agency Leasing & Tenant Advisory (512) will.stewart@transwestern.com Brandon Lester, Associate Vice President Agency Leasing & Tenant Advisory (512) brandon.lester@transwestern.com Josh Delk, Associate Vice President Development & Investment Sales (512) josh.delk@transwestern.com George Jalil, Financial Analyst Investment Sales (512) george.jalil@transwestern.com Tim Ryan, Development Associate Development & Investment Sales (512) tim.ryan@transwestern.com Robert Gaston, Executive Vice President Southwest City Leader (512) robert.gaston@transwestern.com Karen Judson, Vice President Marketing & Research (512) karen.judson@transwestern.com CONTACT Karen Judson Vice President karen.judson@transwestern.com METHODOLOGY The information in this report is the result of a compilation of publicly available data from a variety of commercial and government sources. 901 S MoPac Expressway, Suite Austin, Texas T F Copyright 2015 Transwestern. All rights reserved. No part of this work may be reproduced or distributed to third parties without written permission of the copyright owner. The information contained in this report was gathered by Transwestern from CoStar and other primary and secondary sources believed to be reliable. Transwestern, however, makes no representation concerning the accuracy or completeness of such information and expressly disclaims any responsibility for any inaccuracy contained herein.