@David Bell People are moving to places such as Florida, where the climate is warmer.

I get this from prospective tenants all the time that "I have no criminal convictions", and then they come back with two dozen traffic violations, contempt, disorderly conduct, etc.I agree that the best candidates here are staying put unless they have to move.   

For those tuning in, 80% cash outs in this climate are going to be really tough to find. 

If I had to GUESS. 1/3rd of the people who live in California do so for the climate, the views, etc, are truly happy there. 1/3rd of them just aren’t motivated enough or financially secure enough to move, and 1/3rd are trapped by jobs that “pay more than they can make somewhere else” even if they net less after taxes, higher cost of living, lower quality of life and so on. 

Hi Marco, Most of your contractors use climate guard windows.

I did suggest that they consider flexible lease term options, such as offering 6 and 9-month leases to capture those adverse to making a long-term commitment in this climate.

I know my commercial broker friends don’t like me saying this but please do not buy on pro forms, especially in the current economic climate.

Who wouldn't take 3% in this climate if the deal is solid for the lenders....

In the current climate, it is not easy to get commercial leases done and if that tenant goes dark or decides to leave you could be looking at holding the space for about 6-9 months to find a new tenant.

However, it also shows traffic slowly creeping up from the bottom:Despite the pandemic, Austin’s business climate, large talent pool, and comparatively "low" cost of living continues to attract major employers.