Just as people started gearing up for times reminiscent of a pre-pandemic world folks were stunned by the economic swing that has some holding on for dear life, literally, while others are watching for the uptick to take a leap into opportunities and increase their fortunes. We at Beck-Reit thought it would be helpful to compile some noteworthy East Austin news for our community of small businesses, owners, and investors. So, here’s what’s been happening in our neck of the woods!

Times are surely changing and there’s no place like Austin for retail. Driving across America, you may likely find some vacant retail strips or ghost towns with empty stores but definitely not in Austin! Austin is just the opposite of a typical US city, with a surprisingly lower retail vacancy since 2020. The capital of Texas now has the lowest retail vacancy rate for any city in the State of Texas and is also one of the lowest in the country.  Competition is fierce in major Retail Areas such as the Domain and other trendy shopping streets like South Congress, 2nd street Downtown, Burnet Rd, and East Austin. Properties command high rent and spaces have multiple businesses looking at each sight and competing with each other to be selected by the Landlord.

Disney has been buying up land around Jarrell, Texas for years now. The latest rumor is Disney bought 9,000 acres between Solado and Jarrell. What is Disney planning on building on all the land they’ve purchased? Salano Ranch - 9,000 acre Family Owned ranch set to close by June 2023

Welcome to an exhilarating episode of The Texas Triangle, where we dive deep into the ever-evolving world of office spaces. Join our hosts as they explore innovative design concepts, community-building strategies, and the surprising connection between commercial real estate and the trendy sport of pickleball. Get ready for a journey that fuses work, creativity, and boundless possibilities!

Beck-Reit is no stranger to 1031 exchanges. In fact, you may call us the 1031 experts. In 2022 we closed two 1031 exchanges, and have never failed. The rigorous timeline to identify a property to purchase before Uncle Sam tries to swoop in and grab his “share” can be intimidating for most, but our meticulous process makes every one of those 45 days of the identification period count.

The Mann Report publication wrote an inspiring article geared towards to importance of bringing owners into CRE. It’s no surprise that Beck-Reit’s own DeLea Becker was top of mind on this topic, as bringing more women into Commercial Real Estate is probably her favorite passion project.

The Texas Triangle Podcast had the honor of gaining insight from esteemed Dr. Lloyd Potter, Texas State demographer for their debut episode. Dr. Lloyd Potter was appointed State Demographer on June 4, 2010. Dr. Potter holds a Ph.D. in Demography and Sociology from The University of Texas at Austin, a Master of Public Health Degree from Emory University, a Master of Science in Education from the University of Houston at Clear Lake, and a Bachelor of Science from Texas A&M University.

Bisnow is honoring Austin’s most influential trailblazers - Top-level women executives and industry powerhouses who influence the way commercial real estate is done in ATX. Read the article full of quotes by our Founder DeLea Becker : “Building The Plane While Flying It”: Women In Austin CRE Are Soaring

Searching in San Antonio, Austin, DFW, Houston and everywhere in between - #TexasTriangle

• Looking for up to $1 million

• Office / Industrial / Retail

Please send over any and all options! delea@beckreit.com & office@beckreit.com

3110 S. Lamar Austin, TX 78704 is now a part of Beck-Reit Commercial Real Estate’s portfolio. Secured in a 1031 Exchange | Off-Market Deal. This Advanced Autoparts is situated on one of the most desirable streets in Austin. The current lease gives time for entitlement and development plans (3 year + process in Austin) so we will be poised with the Demolition Permit the day the lease ends.

Feasibility is about to expire on the sale of our fully-leased, 20,000sqft Warehouse in Creedmoor, TX, which means we've got nearly $2M cash to place in a safe NNN investment.

We're willing to go up to $4M for the right property... send us a winner and we'll show you the money!!

Purchase Requirement:

• NNN Lease, Long Term Lease (5 year +)

• Strong Tenant (Community Oriented, Recession Proof Industry, Solid FInancials

• New Construction (2015-Present)

• Austin/San Antonio/Dallas/Houston Location

Read our latest BLOG POST to get the full scoop on our risky warehouse play, how we turned the opportunity into a BIG SUCCESS, and how we plan to #protectthegain given our history of 1031 Exchanges.

See Below for an Overview of the last 6-months at Beck-Reit Commercial Real Estate, and Scroll to the Bottom for DeLea’s Notes and Takeaways from Rednews' Recent AUSTIN RETAIL FORECAST PANEL

It started when DeLea and Mark met for the 1st time for breakfast at Chumikals in 2017 (a favorite East Austin Joint for both) and the breakfast stretched into lunch. A couple of days later the property was toured and under contract - the rest is Award-Winning History!

The inspiring architects at Dick Clark & Associates have been rightfully recognized for their incredible office design at 2120 E 7th St - winning the Austin Business Journal’s 2021 CRE award for Best Office Rehab.

Originally an 80s pawnshop, 2120 E 7th was built like a concrete bunker with just one window and no insulation or even air conditioning for most of the space. DCA’s ground up design and construction has transformed the site into an eye-catching functional space perfect for creative office and retail needs.

Beck-Reit’s Previous Office Will Be Razed for Mixed-Use Development

Beck-Reit & Sons Construction performed a gut renovation at 2131 Theo between 2014-2016, an adaptive reuse project that turned the aging auto repair shop into a 5-unit creative office space with shared conference room, kitchen, and lobby. The finished project was managed by Beck-Reit Asset Management and leased by Beck-Reit Commercial Real Estate until 2020, when the developers came knocking with an offer we couldn’t refuse.