Three Ways to Beat Rising Construction Costs

Gone (for the most part) are the days of designing a project, then finding a contractor and negotiating how to keep a project under budget. Today, the buzz phrase is integrated team approach. Callaway Architecture CEO Tony Callaway says it’s been the biggest change in the way construction is done. He’s a fan of design-build and getting contractors involved early in the design process. It minimizes change orders and helps keep those tight schedules (and budgets) on target. He says the best way to keep costs down is a three-fold approach by doing your homework early on the budget, scope, and quality of a project.

Read more on Bisnow.com

Northeast San Antonio could be the city’s next office hotspot

San Antonio’s rising office market has often been attributed to new developments in the northwestern submarket, but there’s another pocket of the city that — despite significant rent gains — has gone largely unnoticed. The northeast.

According to JLL’s latest office insight report, rents in the bypassed area have risen by nearly $5 per square foot over the past three years, going from an average $19.26 per square foot back in 2012 up to $24.24 for the third quarter of this year. That increase has boosted the submarket from the fourth to the second most expensive office area in the city, with the far north central commanding first place.

Read more on the San Antonio Business Journal

Austin office space: Who’s looking and where? It’s not just tech companies

Think the largest percentage of companies searching for office space in Austin are in the tech sector? Better think again.

About 30 percent of those shopping for office space in downtown Austin are in the professional services industry — accounting, research and other consulting, according to the latest third quarter report by JLL.

Read more on the Austin Business Journal

Read the full JLL third quarter Austin Market Report Here and Here