Downtown Austin

News, Events, & Property Information in Downtown Austin

There are currently 3 blog entries related to this category.

The top spot goes to the metro area of Austin-Round Rock-San Marcos, a rising technology center. Austin came in second with job growth over the last five years, due in large part to a diversified technology base. Homegrown tech companies like Dell, National Instruments, and Flextronics complement incoming companies like Apple and IBM (which both now have large bases in Austin), as well as start-ups coming out of the University of Texas Campus.

The city is extremely business-friendly with a low tax, low regulation environment that makes it attractive to out-of-state firms. All of the tech hustle and bustle has led to an influx of young professionals, which has led to a boom in construction. 

Austin looks to maintain its high-flying output over the

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We are excited announce the listing of 2708 San Pedro. This 10 unit complex is brand new to West Campus and offers some of the nicest finish outs you will find for a Student Property. The list price for this complex will be $3,900,000. The complex is fully leased and will always be one of the most sought after student properties in the West Campus Market.

 

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Austin Gold Rush

The real-estate market in Austin, Texas, has been on a roll. Apple Inc. announced in 2012 that it was planning a $304 million campus in the city, doubling its presence.

Now, a Cushman & Wakefield report said that in the past year Austin has seen office-building investment volume increase in percentage terms more than in any other U.S. city. The total value of the properties sold in the 12 months ended June 30 was $2.1 billion, a 304% increase over the previous year.

The largest single purchase during the 12-month period was by Cousins Properties Inc., CUZ +0.75%which bought a 434,000-square-foot building at 816 Congress Ave. for $105 million.

Demand for Austin office buildings is being fueled by the city's technology sector.

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