I have written about the surge in multifamily building permits earlier this year in the 5-plus family category. With population and job growth continuing, and home values still in the doldrums where many of those new Austinites came from, the need for rental property here is clear, and builders and developers recognize it.
Here’s another sign of the confidence developers have in Austin’s future:
That article discusses several projects that are either underway or in progress in Downtown Austin. The hotel projects and Bowie Street redevelopment, all serving the Austin Convention Center area, demonstrate the expectation that Austin will continue, and grow, as a “destination” for visitors.
Just more reasons to stay bullish on Austin ….