Texas 2nd Quarter Commercial Report

Texas A&M recently released their 2nd quarter commercial report. Below are some key take-aways from the report.

  • Texas employment growth on a year-over-year (YOY) basis, while slowing, continues to outpace expectations and long-term trends across industries and the big four Metropolitan Statistical Areas (MSAs).


  • Monthly employment has moderated some, and YOY results are expected to moderate further through 2023, moving closer to long-term trends.


  • Office vacancies remain high in major metropolitan areas, with only Houston seeing a decrease. Austin is expected to face increasing vacancy due to ongoing construction (5.6percent of existing inventory). The future of remote work, hybrid models, and corporate real estate changes is uncertain for mid-term office market trends.


  • Class A apartment vacancies in Texas remain low but are rising. Population growth and remote work demand are reducing vacancy rates, but an influx of permitted units in the last two years will add to the supply.

View the full report: Texas A&M Quarterly Commercial Report

Texas 2nd Quarter Commercial Report

Texas 2nd Quarter Commercial Report

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Alamodome Upgrades: Getting Ready for the 2025 NCAA Final Four

Alamodome Upgrades: Getting Ready for the 2025 NCAA Final Four – If you’re a sports enthusiast or a fan of college basketball, you’re in for a treat! San Antonio’s Alamodome is getting a massive makeover for the 2025 NCAA Final Four. With millions in upgrades and renovations, this iconic venue is set to shine brighter than ever before.

A Grand Transformation

The Alamodome, with its 64,000 seats, first opened its doors in 1993. Over the years, it has hosted numerous events, from college football games to concerts. However, to maintain its status as a premier sports and entertainment venue, it was time for some major improvements.

San Antonio City Council approved $30 million in contracts to modernize the Alamodome for the 2025 NCAA Final Four. The first contract, valued at $19.89 million, was awarded to Skanska USA. The contract entails adding 18 club-level suites, upgrading facilities, installing a new sound system, and incorporating a dazzling LED monitor. These enhancements will not only improve the fan experience but also attract more high-profile events to the city.

Structural Repairs and More

The second contract, awarded to Turner Construction at $9.16 million, focuses on essential structural repairs. This includes addressing issues with cables and masonry walls. The aim is to create an interior space that is free from columns and other obstructions, ensuring an unobstructed view for all spectators.

One notable feature is the Alamodome’s roof structural system, which incorporates stay cable bridge technology. This innovative design was inspected in 2019, and no structural deficiencies were found. Any remaining conditions are being diligently remedied to ensure the safety and comfort of all attendees.

Countdown to 2025

Construction is set to begin in the fall, with completion scheduled for Spring of 2025, just in time for the highly anticipated NCAA Final Four. This event, which takes place on April 5 and 7, will showcase the Alamodome in all its upgraded glory. College basketball fans can look forward to an unforgettable experience with improved amenities and a more modern look and feel.

The Alamodome has a rich history of hosting NCAA events, having previously hosted the men’s Final Four in 1998, 2004, 2008, and 2018, as well as the women’s Final Four in 2002, 2010, and 2021. The excitement doesn’t end in 2025! The NCAA has announced that the Alamodome will also host women’s semifinal and championship games in 2029.

A Home for UTSA and More

The Alamodome isn’t just a venue for NCAA events; it’s also the home turf for the University of Texas at San Antonio (UTSA) football team. Additionally, the stadium hosts the Valero Alamo Bowl each December, adding to its extensive list of sporting events.

In conclusion, the Alamodome’s upgrades and renovations are setting the stage for a bright future as a top-tier sports and entertainment venue. With a history of hosting NCAA events and a commitment to modernization, it’s clear that the Alamodome will continue to play a vital role in San Antonio’s sports scene for years to come. So mark your calendars for 2025 and get ready to witness the Alamodome in all its glory during the NCAA Final Four!

Alamodome Upgrades: Getting Ready for the 2025 NCAA Final Four

Alamodome Upgrades: Getting Ready for the 2025 NCAA Final Four | Red and Black Boehm Commercial Group Photo

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Endeavors Leases 1440 N Nova Road

Congratulations to Endeavors for leasing 1440 N Nova Road in Daytona Beach, Florida! This new space will be home to Endeavors Disaster Case Management (DCM).

Endeavors Disaster Relief and Recovery services place a high emphasis on the unique needs of each individual case. Whether short-term relief is needed or long-term recovery, Endeavors creates focused plans and safe environments, while providing plenty of resource referrals for those impacted by disasters.

Learn more about Endeavors Disaster Case Management here.

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Texas Breaks More Records in March 2023: Labor Force Size, Number Employed, and Job Count

From Texas Workforce Commission-

AUSTIN ⎯ Texas attains new records in March 2023 with the largest civilian labor force and greatest number of people employed in state history. The seasonally adjusted civilian labor force increased by 78,800 to reach a series-high 14,898,100 people, while the unemployment rate held steady at 4.0 percent. Texas added 28,600 positions to reach another series-high job count at 13,839,200 total nonfarm jobs. Since March 2022, 575,100 positions have been added.

“In setting this 18th consecutive monthly employment record, Texas demonstrates the strong employment opportunities in the state,” said TWC Chairman Bryan Daniel. “TWC strives to support continued growth with work-based learning tools that advance Texas’ expanding needs.”

Texas’ over-the-year employment growth through March 2023 outpaced the nation in every one of the 11 major industries. Over the month, Leisure and Hospitality led job growth with 7,400 positions added, followed by Construction, which increased by 5,800 jobs. Also of note, both Trade, Transportation and Utilities and Private Education and Health Services grew by 5,400 jobs in March.

“The state’s private industries are booming, with a 4.6 percent growth rate over-the-year,” said TWC Commissioner Representing Employers Aaron Demerson. “From manufacturing to professional and business services, TWC and our 28 Workforce Solutions partners across the state have tools to help Texas employers, large and small, keep pace with the rapidly growing Texas economy.”

The Midland Metropolitan Statistical Area (MSA) recorded the lowest unemployment rate among Texas MSAs with a not seasonally adjusted rate of 2.6 percent in March, followed by Amarillo at 3.1 percent, then College Station-Bryan at 3.2 percent.

“The Texas civilian labor force, with 14.9 million people, continues to demonstrate resilience and growth,” observed TWC Commissioner Representing Labor Alberto Treviño III. “Here at TWC, we are focused on unlocking opportunities for our workforce. From apprenticeships to upskilling to quality child care, we are dedicated to helping every Texan have the opportunity to reach their career goals.”

Employment estimates released by TWC are produced in cooperation with the U.S. Department of Labor’s Bureau of Labor Statistics. All estimates are subject to revision. To access this and more employment data, visit TexasLMI.com.


Office Space Leased at 529 SH 46 E in Boerne

Congratulations to our client, Federal Cartridge Company on their new office space at 529 SH 46 E in Boerne!

Federal was founded in 1922 in Anoka, Minnesota. They now develop thousands of specialized, high-quality shotshell, centerfire, and rimfire loads for hunters and shooters.

529 SH 46 E

Learn more about Federal and its products here.

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529 SH 46 E

Lease Renewal at 50 Rust Lane

Congratulations to ARS Will Fix It on renewing their lease at 50 Rust Lane! Will Fix it offers expert service for your HVAC and plumbing.

Lease Renewal at 50 Rust Lane

50 Rust Lane is a 2,500 square foot industrial warehouse located in Boerne, Texas.

Contact us today if you’re looking for the perfect space for your business!

Lease Renewal at 50 Rust Lane

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Lease Renewal at 50 Rust Lane

171 Enterprise Pkwy Fully Leased

171 Enterprise Pkwy in Boerne, TX is now fully leased!

171 Enterprise Pkwy is a 15,795± SF industrial building built in 2017 featuring warehouse and office space. This property is also for sale. Learn more here.

Congratulations to The Bridge Fellowship on their new office space!

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Where to Celebrate Valentine’s Day in Boerne, Texas

Where to Celebrate Valentine’s Day in Boerne, Texas

Here’s Where to Celebrate Valentine’s Day in Boerne, Texas! Support your favorite local restaurants!

Richter Tavern

153 S Main St, Boerne, TX 78006

Richter Tavern will be offering a special Valentine’s Day menu with an optional welcome cocktail and wine-tasting add-on.

See their Valentine’s Day menu here.

Make your reservation by calling (830) 331-2675

Richter Tavern Logo | Where to Celebrate Valentine's Day in Boerne, Texas

The Bevy

101 Herff Rd, Boerne, TX 78006

For Valentine’s Day, The Bevy will be offering a 5-course dinner for $60 per person.

See the Valentine’s Day menu and make your reservation here.

Peggy’s on the Green

128 W Blanco Rd, Boerne, TX 78006

Peggy’s on the Green will be offering a 3-course pre-fixed dinner menu for $99.95 per person.

See the Valentine’s Day menu here.

Make your reservation by calling (830) 572-5000

The Creek Restaurant

119 Staffel Street, Boerne, TX 78006

The Creek’s chef has curated a 5-course dinner menu just for Valentine’s Day!

See the Valentine’s Day Menu here.

Make your reservation by calling (830) 816-2044

The Creek Logo


109 Waterview Parkway, Boerne, TX 78006

Valeria will be offering a 5-course dinner with wine pairings this Valentine’s Day.

See the menu here.

Make your Reservation by calling (830) 331-1393

Valeria Logo

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Where to Celebrate Valentine’s Day in Boerne, Texas

141 Industrial Drive Now Leased

141 Industrial Drive located in Boerne, TX has been leased off-market by Glen Boehm.

Congratulations to Flourish Floral and Design studio on their new home!

Learn more about Flourish Floral and Design Studio here.

Are you on the hunt for a new home for your business, or have commercial space you’d like to lease out or sell? Give us a call today to find out how we can help!

Read our testimonials!

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141 Industrial Drive Now Leased

Endeavors New Dallas Office

Congratulations to Endeavors on their new Dallas office!

Endeavors New Dallas Office will be home to their Veteran Supportive Services (VSS). Endeavors’ Veteran Supportive Services rapidly re-houses and prevents homelessness among eligible Veterans and their families. Endeavors programs offer emergency financial assistance and one-on-one case management services including short-term emergency housing, mental health resources, job placement assistance, and more.

Learn more about Endeavors and their Veteran Supportive Services here: https://endeavors.org/veteran-supportive-services/

Endeavors New Dallas Office

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Endeavors New Dallas Office

Let’s Get In Touch

Boehm Commercial Group loves to stay in touch with current and potential clients. Do not hesitate to reach out with any comments, questions or concerns! We love hearing from you!