Austin Commercial Real Estate · Investment Advisory

Austin Investment
Property Advisory

Austin's population growth, tech employer anchors, and zero state income tax on rental income have made it one of the top US markets for commercial real estate investment. I work with buyers deploying $1M to $25M+ across multifamily, NNN, mixed-use, and value-add opportunities — including off-market deals that never hit LoopNet.

Austin #3 US Rent Growth $1M–$25M Deals Off-Market Access
Multifamily Vacancy
~5.5%
Austin metro, 2025
Avg Cap Rate
4.8–6.2%
Multifamily, Austin
Net In-Migration
150/day
People moving to Austin
TX Income Tax on Rent
$0
No state income tax
Current Opportunities

Investment
Spotlight Deals

A curated selection of current and recent deals — multifamily acquisitions, NNN income properties, and value-add opportunities in Austin and surrounding submarkets. Submit the inquiry form below for full details on any property.

The Investment Case

Why Austin
for Commercial Real Estate

Austin's commercial real estate fundamentals are driven by a compounding story: population growth, tech employer anchors, and a housing supply constraint that keeps multifamily demand elevated even in a high-rate environment.

Apple's 3-million-sq-ft north campus (15,000+ employees), Oracle's relocated HQ, Tesla's Gigafactory, and Dell's longtime headquarters create a renter base that is younger, higher-income, and growing. That demand pressure flows directly into multifamily absorption and rent growth — Austin ranked among the top three US metros for rent growth over the 2020–2024 cycle.

The I-35 corridor from South Austin through Round Rock, the Domain tech node in North Austin, and the Williamson County growth arc (Cedar Park, Leander, Georgetown) represent three distinct commercial investment submarkets — each with different risk/return profiles. The Taylor semiconductor corridor (Samsung, TSMC under construction) is emerging as a fourth.

Texas has no state income tax. That means rental income, capital gains from sale, and 1031 exchange proceeds all flow to you without the state-level haircut that affects California, Oregon, and New York real estate investors. For an investor earning $500K/yr in net rental income, the Texas tax advantage is worth $25,000+ per year versus an equivalent Arizona investment — and multiples more versus California.

Austin Population Growth
1.7M → 2.5M
Metro area 2010–2025
Tech Employer Jobs Added
85,000+
Austin metro, 2015–2024
Multifamily Absorption
Top 5 US
Annual unit absorption, 2024
TX vs. CA Income Tax
$0 vs 13.3%
On rental income and gains
Investment Types

What I Work
With Investors On

Multifamily 2–200 Units

Apartment buildings, garden-style complexes, small apartment communities. Value-add and stabilized. Austin, Cedar Park, Round Rock, Georgetown submarkets.

NNN / Triple Net Lease

Single-tenant net lease, corporate guarantees, passive income structures. Retail, fast food, medical, financial services tenants. Zero landlord management.

Mixed-Use Commercial

Ground-floor retail with residential units above. East Austin and South Congress corridors. Appreciation combined with current income yield.

1031 Exchange Facilitation

Strict 45-day identification window, 180-day close. I maintain an off-market deal pipeline specifically for 1031 buyers who need to move quickly with certainty. Full 1031 exchange guide →

Value-Add Opportunities

Below-market rents, deferred maintenance, under-managed assets. Austin's submarket dynamics make value-add multifamily one of the best risk-adjusted strategies in TX.

Off-Market / Pocket Listings

Not every deal hits LoopNet. Direct relationships with Austin multifamily owners generate deal flow before public listing — typically less competition, better basis.

Investor Inquiry

Let's Talk
Capital Deployment

I work with a small number of commercial investment clients at a time — the deals I bring are serious, the process is direct. Tell me what you're looking to deploy and I'll come back with options, including off-market inventory that matches your profile.

Response within a few hours. No obligation. No pitch deck.

Luke Allen · TREC #788149
Austin Marketing + Development Group
(254) 718-2567 · Luke@austinmdg.com
Commercial Real Estate Investor Inquiry
Confidential. Luke Allen, TREC #788149.
Common Questions

Commercial Investment
FAQ

What are current cap rates for Austin multifamily?

Austin multifamily cap rates in 2025 range from approximately 4.8% to 6.5% depending on vintage, submarket, and condition. Class A urban (78704, 78702) trades at tighter caps (4.5–5.2%). Suburban value-add (Cedar Park, Pflugerville, Georgetown) typically runs 5.5–6.5%. These are meaningfully compressed versus Dallas or Houston, which reflects Austin's supply-demand dynamics and long-term growth premium. I can pull current comps for any specific submarket.

How does a 1031 exchange work in Austin?

A 1031 exchange defers capital gains tax when you sell an investment property and reinvest proceeds into a like-kind property. The timeline is strict: 45 days to identify replacement properties, 180 days to close. Austin is frequently the target market for California and Pacific Northwest investors doing 1031s — the combination of strong fundamentals and Texas's zero income tax makes it attractive. I maintain relationships with Austin owners open to off-market transactions, critical for 1031 buyers who need to move quickly.

Do you work with off-market deals?

Yes — a meaningful portion of the deals I bring to investors never hit LoopNet or Crexi. I have direct relationships with Austin multifamily owners, and some prefer a quiet transaction over public listing. Off-market deals typically mean less competition, more seller flexibility on terms, and occasionally a better basis. If you're actively looking, getting your criteria to me early lets me match against off-market inventory as it surfaces.

What does the due diligence process look like?

For multifamily: rent rolls, trailing 12-month P&L, T3/T6 actuals, estoppel certificates, inspection (roofing, HVAC, plumbing, electrical), Phase I environmental if needed, insurance history. For NNN: lease abstract review, tenant credit analysis, lease renewal options and rent bumps, corporate vs. franchise guarantee. I work alongside your commercial attorney and CPA — my role is deal sourcing, negotiation, and transaction management.

Are you a commercial real estate broker?

I am a licensed Texas real estate agent (TREC #788149) who works transactions across residential investment properties and commercial. My Austin market knowledge and owner relationships are the primary value I bring to commercial clients — particularly for multifamily in the $1M–$10M range where the deal flow overlaps significantly with the residential MLS ecosystem (small apartment buildings, fourplexes, mixed-use) and off-market owner relationships.

Which Austin submarkets have the best investment fundamentals right now?

Three submarkets stand out in 2025–2026: (1) North Austin / Domain corridor — Apple, Google, Meta, and Amazon concentration drives high-income renter demand. (2) Cedar Park / Leander — fastest-growing submarket in metro; TSMC Taylor fab adds future demand layer; more value-add inventory at better cap rates. (3) East Austin / 78702–78704 — compressed caps but strongest appreciation trajectory; mixed-use and small multifamily are the play.