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 52,900 11.0% Manufacturing 56,500 57,200-1.2% Trade, Transportation & Utilities 168,800 160,500 5.2% Information 27,000 26,200 3.1% Financial Services 53,700 52,400 2.5% Professional & Business Services 162,400 153,300 5.9% Education & Health Services 113,300 107,700 5.2% Leisure & Hospitality 116,600 106,800 9.2% Other Services 40,900 39,500 3.5% Government 173,700 171,700 1.2% TOTAL 971,600 928,200 4.7% 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 2009 6.9% 7. 9.3% Year-End 2010 6.8% 8.3% 9.4% Year-End 2011 6.3% 7.2% 8.3% Year-End 2012 5.1% 6.1% 7.8% Year-End 2013 4.5% 5. 6.5% Year-End 2014 3.4% 4.1% 5.4% Year-End 2015 3.1% 4.2% 4.8% January 2016 3.2% 4.4% 5.3% SOURCE: Texas Workforce Commission, Bureau of Labor Statistics Population YEAR-END 2009 1,705,075 24,782,302 307,006,550 2010 1,716,289 25,145,562 308,745,358 2011 1,783,519 25,674,681 311,591,917 2012 1,836,149 26,060,796 313,873,685 2013 1,885,803 26,448,193 316,128,839 2014 1,943,299 24,956,958 320,355,064 2015 2,020,452 27,469,114 321,418,820 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 2.1 3.2 3.9 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: http://markets.wsj.com/ usoverview DJIA 18351.36 15370.33 NASDAQ 5231.94 4209.76 S&P 500 2134.72 1810.10 Prime Rate 3.50 3.50 Money Mkt 0.42 0.22 30 Yr Fixed 4.22 3.57 15 Yr Fixed 3.42 2.85 5 Yr ARM 3.86 3.14 Jumbo 4.97 4.00 Fannie Mae 3.750 2.979
AUSTIN ECONOMY MARKET WATCH MARCH 2016 BUILDING PERMITS ISSUED :: AUSTIN MSA About Transwestern 2,000 1,500 1,000 500 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 Twitter: @TranswesternATX. Austin Team Members Ty Puckett, Executive Vice President Development & Investment Sales (512) 314.3572 ty.puckett@transwestern.com Hale Umstattd, Executive Managing Director Investment Sales & Corp. Services (512) 314.3551 hale.umstattd@transwestern.com Leah Gallagher, Managing Director Investment Sales (512) 314.3571 leah.gallagher@transwestern.com Jeff Rogers, Managing Director Investment Sales - Multifamily (512) 314.5207 jeff.rogers@transwestern.com Chris Stutzman, Managing Director Investment Sales - Multifamily (512) 314.5203 chris.stutzman@transwestern.com Mike Brown, Senior Vice President Agency Leasing & Business Development (512) 314.3552 mike.brown@tranwestern.com Britt Reed, Senior Vice President Tenant Advisory (512) 314.3577 britt.reed@transwestern.com Greg Johnson, Vice President Agency Leasing (512) 314.3570 greg.johnson@transwestern.com Luke Wheeler, Vice President Agency Leasing & Tenant Advisory (512) 314.3553 luke.wheeler@transwestern.com Will Stewart, Vice President Agency Leasing & Tenant Advisory (512) 314.3574 will.stewart@transwestern.com Brandon Lester, Vice President Agency Leasing & Tenant Advisory (512) 314.3576 brandon.lester@transwestern.com Tracy Fike, Associate Tenant Advisory & Agency Leasing (512) 314.5215 tracy.fike@transwestern.com Josh Delk, Associate Vice President Development & Investment Sales (512) 314.3557 josh.delk@transwestern.com Tim Ryan, Development Associate Development & Investment Sales (512) 314.3961 tim.ryan@transwestern.com Robert Gaston, Executive Vice President Southwest City Leader (512) 314.3554 robert.gaston@transwestern.com Karen Judson, Vice President Marketing & Research (512) 314.3560 karen.judson@transwestern.com CONTACT Karen Judson Vice President 512.328.5600 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 4-250 Austin, Texas 78746 T 512.328.5600 F 512.328.9309 www.transwestern.com/austin 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.
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 50,400 8.3% Manufacturing 56,300 57,900-2.8% Trade, Transportation & Utilities 168,100 164,300 2.3% Information 26,300 25,800 1.9% Financial Services 54,300 52,600 3.2% Professional & Business Services 165,400 152,200 8.7% Education & Health Services 112,000 109,500 2.3% Leisure & Hospitality 113,700 105,600 7.7% Other Services 41,100 39,900 3.0% Government 171,900 170,600 0.8% TOTAL 963,700 928,800 3.8% 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 2008 4.4% 4.9% 5.8% Year-End 2009 6.9% 7. 9.3% Year-End 2010 6.8% 8.3% 9.4% Year-End 2011 6.3% 7.2% 8.3% Year-End 2012 5.1% 6.1% 7.8% Year-End 2013 4.5% 5. 6.5% Year-End 2014 3.4% 4.1% 5.4% December 2015 3.1% 4.2% 4.8% SOURCE: Texas Workforce Commission, Bureau of Labor Statistics Population YEAR-END 2009 1,705,075 24,782,302 307,006,550 2010 1,716,289 25,145,562 308,745,358 2011 1,783,519 25,674,681 311,591,917 2012 1,836,149 26,060,796 313,873,685 2013 1,885,803 26,448,193 316,128,839 2014 1,943,299 24,956,958 320,355,064 2015 2,020,452 27,469,114 321,418,820 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 2.1 3.2 3.9 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: http://markets.wsj.com/ usoverview DJIA 18351.36 15370.33 NASDAQ 5231.94 4209.76 S&P 500 2134.72 1810.10 Prime Rate 3.50 3.25 Money Mkt 0.42 0.24 30 Yr Fixed 4.22 3.57 15 Yr Fixed 3.42 2.85 5 Yr ARM 9.19 3.14 Jumbo 4.97 4.00 Fannie Mae 3.750 2.979
AUSTIN ECONOMY MARKET WATCH FEBRUARY 2016 BUILDING PERMITS ISSUED :: AUSTIN MSA About Transwestern 1,500 1,000 500 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 Twitter: @TranswesternATX. Austin Team Members Ty Puckett, Executive Vice President Development & Investment Sales (512) 314.3572 ty.puckett@transwestern.com Hale Umstattd, Executive Managing Director Investment Sales & Corp. Services (512) 314.3551 hale.umstattd@transwestern.com Leah Gallagher, Managing Director Investment Sales (512) 314.3571 leah.gallagher@transwestern.com Jeff Rogers, Managing Director Investment Sales - Multifamily (512) 314.5207 jeff.rogers@transwestern.com Chris Stutzman, Managing Director Investment Sales - Multifamily (512) 314.5203 chris.stutzman@transwestern.com Mike Brown, Senior Vice President Agency Leasing & Business Development (512) 314.3552 mike.brown@tranwestern.com Britt Reed, Senior Vice President Tenant Advisory (512) 314.3577 britt.reed@transwestern.com Greg Johnson, Vice President Agency Leasing (512) 314.3570 greg.johnson@transwestern.com Luke Wheeler, Vice President Agency Leasing & Tenant Advisory (512) 314.3553 luke.wheeler@transwestern.com Will Stewart, Vice President Agency Leasing & Tenant Advisory (512) 314.3574 will.stewart@transwestern.com Brandon Lester, Vice President Agency Leasing & Tenant Advisory (512) 314.3576 brandon.lester@transwestern.com Tracy Fike, Associate Tenant Advisory & Agency Leasing (512) 314.5215 tracy.fike@transwestern.com Josh Delk, Associate Vice President Development & Investment Sales (512) 314.3557 josh.delk@transwestern.com Tim Ryan, Development Associate Development & Investment Sales (512) 314.3961 tim.ryan@transwestern.com Robert Gaston, Executive Vice President Southwest City Leader (512) 314.3554 robert.gaston@transwestern.com Karen Judson, Vice President Marketing & Research (512) 314.3560 karen.judson@transwestern.com CONTACT Karen Judson Vice President 512.328.5600 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 4-250 Austin, Texas 78746 T 512.328.5600 F 512.328.9309 www.transwestern.com/austin 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.
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 52,200 1.7% Manufacturing 57,300 57,300 0% Trade, Transportation & Utilities 163,600 159,200 2.8% Information 26,200 25,400 3.2% Financial Services 54,100 52,700 2.7% Professional & Business Services 162,700 150,700 8.0% Education & Health Services 111,700 108,100 3.3% Leisure & Hospitality 113,900 107,600 5.9% Other Services 41,100 39,900 3.0% Government 172,700 171,200 0.9% TOTAL 956,400 924,300 3.5% 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 2008 4.4% 4.9% 5.8% Year-End 2009 6.9% 7. 9.3% Year-End 2010 6.8% 8.3% 9.4% Year-End 2011 6.3% 7.2% 8.3% Year-End 2012 5.1% 6.1% 7.8% Year-End 2013 4.5% 5. 6.5% Year-End 2014 3.4% 4.1% 5.4% October 2015 3.3% 4.5% 4.8% SOURCE: Texas Workforce Commission, Bureau of Labor Statistics Population YEAR-END 2008 1,654,100 24,304,290 304,374,846 2009 1,705,075 24,782,302 307,006,550 2010 1,716,289 25,145,562 308,745,538 2011 1,783,519 25,674,681 311,591,917 2012 1,849,303 26,060,796 313,873,685 2013 1,908,872 26,448,193 316,128,839 2014 1,943,299 26,956,958 320,355,064 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 2.8 3.6 4.8 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: http://markets.wsj.com/ usoverview DJIA 18351.36 15370.33 NASDAQ 5231.94 4292.14 S&P 500 2134.72 1867.01 Prime Rate 3.25 3.25 Money Mkt 0.44 0.25 30 Yr Fixed 4.22 3.71 15 Yr Fixed 3.42 2.94 5 Yr ARM 4.00 3.14 Jumbo 4.97 4.00 Fannie Mae 3.750 3.024
AUSTIN ECONOMY MARKET WATCH DECEMBER 2015 BUILDING PERMITS ISSUED :: AUSTIN MSA About Transwestern 1,500 1,000 500 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 Twitter: @TranswesternATX. Austin Team Members Ty Puckett, Executive Vice President Development & Investment Sales (512) 314.3572 ty.puckett@transwestern.com Hale Umstattd, Executive Managing Director Investment Sales & Corp. Services (512) 314.3551 hale.umstattd@transwestern.com Leah Gallagher, Managing Director Investment Sales (512) 314.3571 leah.gallagher@transwestern.com Jeff Rogers, Managing Director Investment Sales - Multifamily (512) 314.5207 jeff.rogers@transwestern.com Chris Stutzman, Managing Director Investment Sales - Multifamily (512) 314.5203 chris.stutzman@transwestern.com Mike Brown, Senior Vice President Agency Leasing & Business Development (512) 314.3552 mike.brown@tranwestern.com Britt Reed, Senior Vice President Tenant Advisory (512) 314.3577 britt.reed@transwestern.com Greg Johnson, Vice President Agency Leasing (512) 314.3570 greg.johnson@transwestern.com Luke Wheeler, Vice President Agency Leasing & Tenant Advisory (512) 314.3553 luke.wheeler@transwestern.com Will Stewart, Vice President Agency Leasing & Tenant Advisory (512) 314.3574 will.stewart@transwestern.com Brandon Lester, Associate Vice President Agency Leasing & Tenant Advisory (512) 314.3576 brandon.lester@transwestern.com Josh Delk, Associate Vice President Development & Investment Sales (512) 314.3557 josh.delk@transwestern.com George Jalil, Financial Analyst Investment Sales (512) 314.5206 george.jalil@transwestern.com Tim Ryan, Development Associate Development & Investment Sales (512) 314.3961 tim.ryan@transwestern.com Robert Gaston, Executive Vice President Southwest City Leader (512) 314.3554 robert.gaston@transwestern.com Karen Judson, Vice President Marketing & Research (512) 314.3560 karen.judson@transwestern.com CONTACT Karen Judson Vice President 512.328.5600 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 4-250 Austin, Texas 78746 T 512.328.5600 F 512.328.9309 www.transwestern.com/austin 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.