urbanspace commercial
meet our team
Our commercial group is comprised of real estate professionals, whose expertise includes commercial sales, leasing, finance and development. We offer comprehensive brokerage services, project marketing and development services for infill land, urban street retail and office properties situated in compact, human scale environments.
As urban real estate specialists, we offer the advantage of being focused on a niche market, its constant evolution and the key players who are transforming the urban landscape of Austin. As innovators in a growing community, we have been at the forefront of Austin's urban revitalization efforts and remain dedicated to providing professional commercial real estate services for the next generation of smart and sustainable urban growth.
retail / office
We specialize in providing local market expertise in urban street retail and creative office properties. Through this focus, we provide sales and leasing services for owners of existing retail and office properties and new development projects that are located in urban lifestyle destinations. With a comprehensive service approach, we also provide disposition and investment sales services for urban infill properties.
Centered on our unique focus, we also offer sales and leasing services for businesses seeking urban street retail or creative office environments. We work with clients to craft site-specific solutions through the entire leasing or buying process, from site selection and deal negotiation to occupancy.
urban land
Our commercial group provides brokerage services for land development sites situated in compact urban infill neighborhoods. As specialist in real estate for urban lifestyles, we combine our commercial and residential expertise to offer an advantage and holistic approach to working with landowners and developers.
commercial listings
austin facts
Demand for Austin Retail Space is on the Rise
In 2003, Austin demanded approximately 250,000 sqaure feet of retail space in downtown alone. Each year that number increases as Austin continues to grow. In 2008, the anticipated demand is near 1,000,000 square feet of retail space in downtown Austin.
The Numbers
- Austin hosts 7 million tourists annually
- More than 363,000 residents live within a 10 minute drive from 6th & Congress
- The average income in the Primary Market is $104,651
- Each day, more than 67,000 employees come downtown for work
- University of Texas has over 51,426 students
- There are 29,000 downtown parking spaces
- Downtown is anticipated to have an additional 25,000 residents within the next 10 years
market pulse
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02/02/2012
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first low-income housing project in decades planned for downtown
02/02/2012
An Austin nonprofit plans to build the first downtown development in decades to house low-income residents, a population often priced out of apartment and condo towers downtown. Foundation Communities is proposing a $15 million, four-story project called Capital Terrace at 11th and Trinity streets that will include 135 efficiency apartments. The units will be rented for $400 to $650 a month, utilities included, to single adults who earn less than $27,000 - roughly half of Austin's median income. "There are a lot of folks who work downtown, at hotels and restaurants or even the Capitol, that make less than $13 an hour and would like the option of living close by and not needing a car," said Walter Moreau, executive director of Foundation Communities. Read more...
9 semifinalists named in waller creek design competition
01/31/2012
Nine teams were chosen Monday as semifinalists for the Waller Creek Conservancy design competition, from a pool of 31 entries. The competition calls for a redesign of a 1.5-mile stretch of city parkland and urban space along Waller Creek in downtown Austin. Among firms chosen by a panel of landscape architects and urban designers are Austin's Miro Rivera Architects, PageSoutherlandPage and Ten Eyck Landscape Architects, as well as San Antonio's Lake/Flato Architects. Each team consists of a landscape architecture firm and design architecture firm. Read more...
austin's comp plan promotes 'centers' approach
01/31/2012
By spring, Austin City Council is expected to consider adopting a new comprehensive plan that would direct the city's growth and development over the next 30 years as its population likely doubles to 1.5 million people. "The whole emphasis of the plan is to get things connected and in close proximity to each other," said Garner Stoll, assistant director of the city's planning and development review department. "Some people can walk or use transit, but not everyone will have to take auto trips." If Austin develops in accordance with the plan, Stoll said the result would be a more affordable and liveable city. Read more...
developers to break ground on first hotel at mueller
01/26/2012
Developers are set to break ground on a 112-room Marriott next month at Mueller, the first hotel for the mixed-use development northeast of downtown. The four-story Residence Inn by Marriott will be built at the southwest corner of Lancaster Drive and 51st street, an ideal location to serve the nearby Dell Children's Medical Center of Central Texas at Mueller, said Greg Weaver, executive vice president of Catellus Development Corp., the master developer of Mueller. The hospital is adding a third wing as it grows even faster than originally planned, Weaver said. Read more...
stricter rules could hit rainey street
01/25/2012
At a commission meeting Tuesday night, the City of Austin's Planning Commission discussed initiating a code amendment that could require new cocktail lounges on Rainey Street to apply for a conditional use permit. Currently cocktail lounges, or bars, that are in the area downtown zoned as Central Business District, or CBD, do not have to be reviewed by the Planning Commission or the Austin City Council before they can be established. This proposal would change that, but just for the Rainey Street District. Read more...