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.

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.

"Everyone in this room right now should feel extremely lucky working in this city"

On June 23rd, DeLea Becker spoke alongside fellow Commercial Real Estate Experts at the REDNews 2021 Summit Retail panel about opportunities and trends of the Austin Market.

Jim Rourke

Jim joined Beck-Reit at the early onset of Pandemic in 2020, and quickly put together a prominent assemblage play of 4 properties on South Lamar.

6 years ago, Beck-Reit sold one of our mixed-use propertys in East Austin and did a 1031 exchange into 2 properties. 1 was a Ferrari Repair Shop on Theo Dr. off Airport Blvd near The Mueller Development. Our full redevelopment transformed the space into 5 unique creative office spaces with a shared kitchen common area and conference room. Now, just 6 years later, the property has been picked up by Cumby Development as the last piece of a new multi-family development getting ready to break ground.

Austin Business Journal Profile : The Simple but Stylish Life of DeLea Becker

Excerpt from the article: How do you handle everything on your plate? My No. 1 superpower is I get out of bed at 4 a.m.

Favorite quote: “Lessons cost money. Good ones cost lots." And, “Chance favors those in motion.”

East Austin Experts - How is the Commercial Real Estate Office Leasing Market Doing? What is the projection? Owner/Broker DeLea Becker shares insight from Costar.

Since the very first building DeLea Becker purchased and renovated, she has been honed in on the East Side.

Jan Buchholz of ATX Real Estate News writes an update on 1201 E Cesar Chavez’s construction, as well as some history of the project. Click to read further.

Real estate broker and multiple business owner recognized for service-- DeLea Becker receives NAR National Commercial Award!

WHAT YOU NEED TO KNOW

Austin Floodplain Maps Are  Expanding -

Swallowing another 3,000 Austin Properties!

Austin is known to be an uphill battle ground when trying to manage your property rights and renovate, redevelop, or start from ground up.  NOW, it's getting tougher.