Anyone else spending the beginning days of 2011 sorting scraps of stuff that have accumulated on their desks? I'd like to think the New Year fairy will wave her wand and all these odds and ends will be perfectly organized 2 weeks ago, but I suspect it will all still be here tomorrow.

Here's something else that has been floating around in my "to be blogged" pile.

First, there's a new 12-story, 72-unit condo complex in the works at 805 Nueces St. (That's at the corner of Nueces and 9th street.) Good news! The more people who live downtown, the more people who will want to live downtown. Demand drives value. You can read the story by Jacob Dirr for the Austin Business Journal here.

And second, the TechAmerica Foundation, in its recent "Cybercities 2010" report, placed the average salary for Austin tech workers at $93,200. That's double the average income in the city and puts our tech workers in place as the 12th highest paid in the nation for the industry. That not only speaks to the health of our local economy, but also to the purchasing power of our tech workers. (The sort who are likely to be attracted to that downtown energy.)

You can read the story on this one, also from the Austin Business Journal, here.

This year looks bright for our city and bright for real estate investment in our city. I look forward to taking the ride with you. Bring it on, 2011!

Posted by Monte Davis on
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