More good news for the Austin investment real estate market. The 2010 Milken Institute's Best-Performing Cities Index is out and we're number 2 on the list. Basically this is an index that tries to measure how well a metropolitan economy is growing while creating and sustaining jobs. They look at a mixture of job/wage/salary data with heavy emphasis on technological growth. (The data is also taken as an excellent indicator of overall regional economic stability.)

Here are some of the highlights of what they have to say about Austin:

- Unemployment in Austin peaked at 7.3 percent, approximately three percent under the national average.

- Austin exhibits a number of positive and inter-related qualities: low cost of doing business favorable business climate, an educated workforce, and an attractive business location.

- The net population of the city increased by 32,000 in 2009.

The report also cites the presence of important high-tech firms like Samsung and Apple for future job creation and growth. All these factors point toward steady economic expansion in years to come -- with increasingly attractive investment real estate opportunities. Exciting news to say the least!

If you'd like to look at Milken's interactive data site, click here.

To download the entire report, click here.

Posted by Monte Davis on
Email Send a link to post via Email

Leave A Comment

e.g. yourwebsitename.com
Please note that your email address is kept private upon posting.