XSPACE IS BRINGING ITS UNIQUE “COMMERCIAL CONDO” CONCEPT FROM AUSTRALIA TO TEXAS—AND FINDING A GOOD FIT IN THE STATE’S BOOMING REAL ESTATE MARKET.

As business relocations to Texas continue, one side effect is a piping hot commercial real estate market.

In late 2021, the National Association of Realtors’ list of top commercial office markets of the year was bookended by Austin at #1 and San Antonio at #10. Meanwhile, Colliers’ 2022 Global Investor Outlook recently forecast Dallas as the top market for commercial real estate investment in 2022. Houston is not lagging either: In the third quarter of 2021, it boasted the largest volume of commercial real estate transactions in the country.

Of course, as every urban Texan knows, the residential side of real estate is also hot. As people move in from around the country, many homes are on the market for the blink of an eye.

Into this ecosystem comes a new “commercial condo” concept from XSpace, cofounded by Australians Byron Smith and Tim Manson.

The XSpace concept is a blend of existing real estate classes. XSpace units are currently for sale in a nearly completed building 15 minutes from downtown Austin, and they can serve a whole range of functions, from showroom to office to man cave to podcasting studio.

Click to read more at www.ytexas.com.