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!

Retail experts in Austin come together in January 2024 to discuss challenges and opportunities in Central Texas.

• The Vibrancy of Texas' Commercial Real Estate

• Insights from the Front Lines

• Navigating Challenges with Strategic Acumen

• The Future of Texas Commercial Real Estate

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.

DeLea Becker and Mark Vornberg met for the first time in 2017 for lunch at an old-school dinner in East Austin - Chu-Mikals. Excited to announce our first Partnership in a Commercial Real Estate Development together. 2422 East 7th - 50,000 SF Office and Retail Building in their beloved neighborhood - East Austin

What is triple net rent or N-N-N? Triple net rent, or N-N-N rent, is a type of commercial lease agreement where the tenant is responsible for paying all the operating expenses of the property in addition to the Base Rent. The operating expenses include property taxes, insurance premiums, and maintenance fees. This means that the tenant is responsible for all the costs associated with the property’s operation and upkeep, and the landlord is only responsible for the structural components of the building. Triple net rent agreements are commonly used in commercial real estate leasing situations where landlords want to pass the property’s expenses on to tenants without having to manage those expenses themselves.

Situated on the iconic South Congress Avenue is a great piece of family-owned, Austin history that’s been around since the 50’s. Formerly known as “Lockhart’s”, this property is now home to Meteor Coffee, and possibly a new home for your business or someone you know looking for a high visibility space with great opportunity for growth. 1815 SF Off/Retail For Lease.

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

"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.

REDNews has been the first word in Texas Commercial Real Estate for over 25 years now. Their Summits brings together dozens of experts to speak on the “State of the Market” in their view. This year’s Summit will take place on June 23rd in Austin!

Beck-Reit Commercial is proud to sponsor the event once again this year, and even more excited to see our own DeLea Becker speaking as a panel-member on opportunities and trends in the current retail market! Her panel starts at 10:25AM. The Retail Market Panel will also include the following market experts:

Beck-Reit is Always Proud to Sponsor the REDNews Annual Summit! DeLea is joined by other panelist from

• Endeavor Real Estate Group

• CBRE

• The Retail Connection

We are THRILLED to announce that our flagship redevelopment project has been nominated for Austin Business Journal’s 2020 Commercial Real Estate Office Development award.

Beck-Reit Asset Management facilitated Sub-Lease Execution and Move-In.

Texas REALTORS® Global and Commercial hosted a May 2019 webinar: Doing Business in Texas -The Austin Market. DeLea Becker, owner of Beck-Reit Commercial Real Estate LLC, gave an overview of the Austin CRE market, and explained how Austin fits into the Texas landscape.  The webinar is recored for viewing if you missed the live event.

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!