Central Austin Investment Real Estate
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MLS Areas: DT, UT, 4, 2
Zip Codes: 78701, 78705, 78751, 78756, 78752
Boundaries: Between Loop 1/Mopac and I-35, north of Lady Bird Lake, South of Hwy 2222.
What is making central Austin so appealing to investors?
A sustainable economy driven by continued job and population growth, technology and enterprise, education and health, and an annual contribution of $700 million from a festival economy led by South by Southwest, Austin City Limits, Formula 1, and Fun Fun Fun Fest.
Over the past several years, downtown Austin has been and continues to recreate its image through a multitude of redevelopment programs. In the Emerging Trends in Real Estate 2016 annual report conducted by the Urban Land Institute and PwC LLP, and published in an article by Jan Buchholz, Austin Business Journal, Austin ranked #1 for development and #2 in the nation for overall real estate prospects.
Forbes Magazine, ranked Austin #2 as America’s Fastest Growing Cities 2015. The downtown residential population has doubled since 2000 and shows no sign of slowing down. In addition, downtown office space continues to be in high demand. During the 3rd quarter of 2015, there have been 7 new office projects started. At the 2015-2016 Austin Economic Forecast presented for the 30th year by Angelou Economics, local economic development expert Angelos Angelou expects that in the next 2 years, about 3.6 million square feet of office space will be absorbed.
For more information, contact Monte Davis Realty Group at 512-686-3814.