Q2 2012 Austin, Texas Office Property Sales Analysis

CRE Resources

View our Austin, Texas Submarket Map

Q2 2012 Austin, Texas Office Property Sales Analysis


A lack of price disclosure requirements for recording deeds mean single property investment sales that meet Reis Transaction Analytics criteria are rare in Texas, and the second quarter of 2012 was no exception.* Reis recorded just one deal, as the 62,420-square-foot NIH 35 in Austin sold for $12.5 million ($200 psf) at a 5.5% cap rate. Woo-Norwood LLC sold it to Digital Norwood Park LLC in May. The rolling 12 month cap rate, based on a total of four sales, is 6.9% as of second quarter.