Repco Realty

A few meaningful commercial real estate developments are worth watching around Dripping Springs and southwest Austin:

🏗️ Industrial and flex supply continues to grow. A 92,296-square-foot industrial project at 11089 Fitzhugh Road is scheduled to begin construction this month. That is a significant addition to the corridor, particularly with new flex inventory already coming online at Fitzhugh Road, Darden Hill and Springs Lane.

🏢 Public listings currently show 17 flex properties available in the broader Dripping Springs market. Asking rents generally range from roughly $13–$18 per square foot for functional space and $20–$26+ for newer or more highly finished flex. Despite the growing supply, legitimate contractor space with secured yard remains difficult to find.

🩺 Medical-office rents continue to command a premium. Current offerings range from approximately $29.50 to $40 per square foot, including second-generation medical and dental suites near Sawyer Ranch. That spread is creating an interesting lease-versus-own opportunity for smaller medical, dental, therapy and wellness practices.

🚰 The City of Dripping Springs is also moving forward with additional wastewater planning, including engineering for a major permit amendment and an update to its capital-improvements and impact-fee program. This could eventually affect the value and development potential of commercial land—but every property still needs a site-specific review of capacity, timing and connection costs.

📍One new listing to watch: 3701 US 290 entered the market at $775,000. The property includes approximately 1.96 acres with Highway 290 frontage, existing improvements, a well and septic. It may appeal to an owner-user or buyer looking for a lower-total-cost redevelopment opportunity.

The larger takeaway: conventional flex inventory is expanding, but there are still gaps in the market—particularly smaller owner-user buildings, medical-office condos and functional contractor space with outside storage.

If you own commercial property in Dripping Springs or southwest Austin and want to understand how these projects may affect your property’s value or leasing position, feel free to reach out.

Robert Paine
Repco Realty
[email protected]

Private Office for Lease – Dripping Springs

Private office ( #3) available at 3707 E Hwy 290, Dripping Springs, TX. Ideal for 1–2 people looking for a quiet, professional workspace with easy access.

Details:
• Private office suitable for up to two occupants
• 24/7 access
• Shared kitchen and restrooms
• Ample parking
• Convenient access from Hwy 290 and Hidden Hills Dr

Monthly Rent:
• $700 base rent
• $30 electric
• $30 internet
• Total: $760/month

Great option for a small business owner, professional, or remote worker needing a dedicated office in a central Dripping Springs location.

📍 Available now. Message for more details or to schedule a tour.

New Office Space Available in Dripping Springs!

Looking for a move-in ready office suite in one of the fastest-growing trade areas in Central Texas? Check out this 1,536 SF first-floor space at 17800 Hamilton Pool Rd!

✔ Reception
✔ Conference Room
✔ 4 Private Offices
✔ Kitchen/Break Room
✔ Private Restrooms
✔ Tons of natural light

Ideal for any professional needing a polished, functional workspace.

👉 DM me for details or a tour!
Robert Paine – Repco Realty

Hays County Real Estate
• Office: There is currently 3,300,000 SF of office in the market area with a vacancy rate of 7.2%. About 77,000 SF is currently under construction
• Industrial/Flex: The market has 20,700,000 million square feet of industrial space, with a 12.50% vacancy rate. Roughly 2,000,000 SF of space is currently under construction.
• Retail: There is currently around 12,800,000 sf of retail space, with only 226,000 sf under construction. The retail vacancy rate is exceptionally low at1.90% indicating strong demand—Although infrastructure limitations area a significant barrier to new development in the western portion of the county.
Demand (78620,78737,78736)
• Office: Demand for small offices (think sub 2,000 sf) remains strong. Most new builds are medical providers and with continued growth projected along the 290W corridor, we anticipate the need for more office condo projects.
• Industrial: With a vacancy rate at 12.50%, and 2,000,000 SF under construction, large distribution industrial is seemingly overbuilt and will take some time to absorbed the existing space on the market, not counting the new space being delivered.
• Retail: Retail remain strong with not enough new product for retailers to take. Rents in Hays county have not grown so much that it is affecting demand from retailers. Cost to build out space is a national issue, but one that also does affect demand to the sector.

https://www.crexi.com/properties/1956039/texas-5198-fm-1327---si-mechanical

5198 FM1327, Creedmoor, TX 78610 | Crexi.com Industrial property for sale at 5198 FM1327, Creedmoor, TX 78610. Visit Crexi.com to read property details & contact the listing broker.

https://www.crexi.com/properties/1981528/texas-hwy-46-deer-crest

https://www.crexi.com/lease/properties/823837/texas-bc-services-bldg-2

4005 Presidential Corridor W, Caldwell, TX 77836 | Crexi.com Industrial space for lease at 4005 Presidential Corridor W, Caldwell, TX 77836. Visit Crexi.com to read property details & contact the listing broker.

https://www.crexi.com/properties/2032735/texas-17800-hamilton-pool-rd

📢 New Property Tax Protection for Texas Commercial Property Owners

This year, the Texas Legislature passed a major win for commercial property owners: a cap on how much your taxable value can increase year over year.

✅ What it means:
Starting in 2025, the appraised value for many commercial properties will be limited to a 20% annual increase for tax purposes — similar to protections residential owners have had for years.

✅ Why it matters:
In a market where rising values can spike tax bills by 30–40% in a single year, this cap provides much-needed predictability and protection for property owners and investors.

Whether you own an office, flex, or industrial building — this change could directly impact your bottom line.

👉 Want to know how this affects your property or valuation strategy?
Send me a message or comment below — I’m happy to break it down based on your specific property type and market.

https://www.crexi.com/properties/1981528/texas-hwy-46-deer-crest

2030 TX-46, New Braunfels, TX 78130 | Crexi.com Land property for sale at 2030 TX-46, New Braunfels, TX 78130. Visit Crexi.com to read property details & contact the listing broker.