Monday, October 24, 2016

Austin Unemployment and Office Space Rates Up

The Austin unemployment rate is creeping higher, the Austin Business Journal reports.  While still tied for the lowest in Texas, it is on the upswing.

According to the Texas Workforce Commission, the unemployment rate was 3.5 percent in September.  That’s an increase of .2 percent from last September, when the jobless rate was 3.3 percent.  Austin’s employed labor force is currently 1.1 million, which is 300,00 more than a year ago.  1.07 million of those people are employed at the moment.

That 3.5 percent unemployment rate ties it with Amarillo.  Amarillo has 126,900 employed people out of a 131,500 strong workforce.  

Texas’ unemployment rate was 4.8 percent last month, which brings it closer to the national average of 5 percent.  That’s an increase of .4 percent over September 2015.  The unemployment rate a year ago was 4.5 percent with 12.7 million workers who were employed out of a total workforce of 13.4 million.  

Despite the increase in the unemployment rate, Texas added 38,300 jobs last month.

Speaking of workers, those workers need office space in which to do their job. The Austin Business Journal reports that as of the end of September, downtown office space in Austin is more expensive than Chicago or LA.

Downtown Austin is the seventh most expensive place to rent office space at $53.67 per square foot.  That makes it more expensive than Chicago, Los Angeles, Seattle, and Miami.  However New York City is still tops the list at $85.63 per square foot.

Looking to rent an apartment near your job?  A Plus Apartments can help!  Give us a call at 512-241-1111 today to see all the amazing apartments in Austin in one appointment!  

Tuesday, October 18, 2016

Austin's Highest Rent and Population Growth Areas

As you might expect, rent has been on a steady increase in Austin.  It increased 2.6 percent between 2013 and 2014, however that increase wasn’t the same across the city, the Austin Business Journal reports.

Rents went up where Austin’s population increased.  Median gross rent increased the most in East Austin between Airport Boulevard to the east, Lyons Road to the south, Webberville Road to the west and Oak Springs Drive to the north.  Rent there went up 26 percent, from $623 to $783 per month.

On the other hand, rent decreased the most in an area east of Lockheart.  Rent in this area went from $1,042 to $699, a decrease of about 33 percent.  

In the top 25 fastest-growing areas, population grew by an average of 4 percent and median gross rent went up an average of 10 percent.  The 25 percent of tracts that were on the bottom in terms of population growth had a drop in median gross rent of 9 percent.  

It makes sense that the competition for apartments would drive up rent in the most desireable areas of Austin. However, in areas that aren’t seeing much population growth, apartment communities will have to lower rents and offer incentives to compete.

If you are one of the new transplants to East Austin, there are a lot of fantastic apartments to choose from.  These include Eleven by Windsor, which has studio, one and two bedroom apartments with ten foot ceilings, expresso or white custom cabinets with brushed nickel hardware, granite counters, oversized energy efficient windows, and wood or polished concrete floors.  Amenities include a skylounge with downtown and Capitol views, a fully equipped bicycle repair workshop and bike storage, a shaded dog park and a pet grooming station.  

Another great community is Amli Eastside, which has a resort-style pool with cascading waterfall, gourmet coffee bar, garage parking with direct access at every level and reserved parking available, and an outdoor deck with poolside bar.  Apartments come in studio, one, two, and three bedroom floorplans and include gourmet kitchens with granite counters, deluxe cabinets with undercabinet lighting, full size washers and dryers, tile entries and faux wood floors, large walk-in closets, nine foot ceilings, and spa-like bathrooms with marble counters.

Eastside Station includes studio, one, and two bedroom apartments with nine foot ceilings, hardwood style flooring, granite counters, deep kitchen sinks with gooseneck faucets, 42” cabinets, large walk-in closets and washers and dryers are included.  The community also has live/work units available and is gated with a parking garage.  It has elevator access, a rooftop lounge, a fire pit, bike storage, and a fitness center with spin room.

Want to walk to eastside dining and nightlife?  Corazon is a great choice, especially since it has retail and dining on the first floor.  This and is a LEED Certified Gold building's other perks include valet trash service and a rooftop deck with downtown skyline views.  Studio to two bedroom apartments have concrete or wood style flooring, granite counters and tile backsplashes, butcher block kitchen islands, oversized energy efficient windows, have washer and dryers, and use low-VOC paints and finishes.  

Are you looking for an apartment in Austin or the surrounding area?  A Plus Apartments can help you find a deal, even in the hottest areas.  Give us a call today at 512-231-1400 and let us find you the perfect new home!  

Thursday, October 13, 2016

Austin Neighborhoods: Steiner Ranch

It’s been over three years since we took at look at the Steiner Ranch neighborhood of Austin, Texas.  A lot has changed since then in this master-planned community located off 620 near Quinlan Park Road, so now would be a good idea to revisit this area eighteen miles from downtown Austin.

Steiner Ranch is a popular suburb for families who enjoy taking advantage of the outdoors and the community’s position between Lake Austin and Lake Travis.

Many people choose Steiner Ranch for the fact that students attend schools in the popular Leander School District.  Children in Kindergarten through fifth grade go to River Ridge Elementary, Steiner Ranch Elementary, or Laura Welch Bush Elementary.

Sixth through eighth graders are zoned to Canyon Ridge Middle School, whose mascot is the Eagles.  They go on to Vandegrift High School for grades nine through twelfth.  Vandegrift is just seven years old.  It opened in 2009 and the first class to graduate from its halls was the class of 2012.

There are many employers in and near Steiner Ranch, including Lake Austin Spa and Resort, a luxe, fitness-focused Hill Country spa resort that serves guests healthy meals in addition to providing spa services.  They employ a multitude of hospitality staff including masseuses, front desk personnel, chefs, ground keepers and more.

There are a lot of High Tech employers in this area of Austin as well, which led to its nickname as “Silicon Hills”, after Silicon Valley in California.  VMware is a subsidiary of Dell Technologies providing cloud and virtualization software and services.  They employ people in a variety of positions including marketing, human resources, product management, sales, finance, technical support, quality engineering, and IT.  

Lakeside Pizza and Grill was voted best pizza in the Steiner Ranch area.  They offer a family friendly, full service dine-in experience with carry-out and delivery of their delicious entrees, pastas, sandwiches, salads, and appetizers, in addition to pizza of course!  They have seven tvs so you can watch the game and sit back while enjoying their full bar and large outdoor patio.

Steiner Ranch Steakhouse has incredible steaks and other dishes overlooking a beautiful vista of the lake.  A great destination for a special night out or to impress the boss.  

The cleverly named A fishie anado is a tropical fish store with fresh water and marine fish selection, aquariums, maintenance and supplies.  They have everything you need to make sure your fish are happy and healthy!

The Treasury at the Oasis gives you the chance to purchase home decor from all over the world without leaving Steiner Ranch.  The owners scour the planet for art, accessories and furniture and bring it back to sell in their store.  If you’d prefer to leave the planning to someone else, they even offer interior design services.

There are several luxurious apartment communities in Steiner Ranch, many with views.  One of these is Riverlodge, which has large one and two bedroom apartments with washer and dryer connections, walk-in closets, balconies or patios, garden tubs, vaulted ceilings, and pantries.  The community has a sparkling pool, sports courts, garage parking, and scenic views.

Hyde Park at Ribelin Ranch has one, two, and three bedroom apartments with washers and dryers, oversized walk-in closets, garden tubs, built-in bookcases, attached garages, and more. The community has valet trash service, a leash-free dog park, a poolside lounge area with 70 inch tv, a separate volleyball pool, and a 24 hour fitness center.

Tacara Steiner Ranch’s one, two, and three bedroom homes are appointed with large private patios, some private fenced in backyards, available one and two car attached garages, 36 inch mahogany cabinets, 2-inch faux wood blinds, washers and dryers, crown molding and more.  Amenities include a huge resident club with social parlor, indoor/outdoor climate controlled Loggia with retractable walls, private cabanas, billiards game room with private veranda, a hydro-massage studio, access to Steiner Ranch jogging trails, dog park and washing center, and weekly happy hours and regular resident events.

Ready to make your home in Steiner Ranch?  We can help you find it!  Give A Plus Apartments a call today at 512-231-1400 to find your dream apartment today!    

Monday, October 3, 2016

Austin Neighborhoods: The Arboretum

It’s been over three years since we wrote about the Arboretum neighborhood of Austin and a lot has changed.  Let’s take a look at what makes this area located in Northwest Austin at the intersection of U.S. 183 and Capital of Texas Highway/Loop 360 one of the best neighborhoods in Austin.  

Children who live in the Arboretum go to either Round Rock or Austin ISD schools.  Those zoned to AISD go to Hill Elementary for Pre-K through fifth grade, Murchison Middle School for sixth through eighth grade, and Anderson High School for ninth through twelfth grade.  

Students who go to Round Rock ISD schools go to Laurel Mountain Elementary for Kindergarten through fifth grade, Canyon Vista Middle School for sixth through eighth grade, and Westwood High School for ninth through twelfth grade.

There are many employers in and near the Arboretum area, especially in the tech industry.  Game Salad, Inc, which is located near the Arboretum, makes educational software that allows students to learn Computer Science by quickly and easily creating their own high-quality video games.  

LD Discovery is located less than half a mile from the Arboretum and is a leader in eDiscovery management solutions, providing legal and technology consulting services to AmLaw 200 Law Firms, Fortune 500 corporations, and government agencies.

Shopping and Dining are on your doorstep when you live in the Arboretum.  The Arboretum shopping mall has scores of stores and restaurants such as Restoration Hardware, a furnishings company that specializes in high-end fixtures and furniture that will fit in home from a variety of eras.

The Gap sells classic clothing for men, women, and children.  They specialize in making sure you can find the perfect pair of jeans.

For dining, the Z’Tejas Southwestern Grill is a local Austin institution specializing in fresh ingredients and delicious, authentic Mexican food.

Another restaurant that is popular with Arboretum residents is Eddie V’s.  Specializing in high quality seafood that is prepared perfectly, this is a great place to take someone you want to impress.

There are many apartments in and near the Arboretum.  Arboretum Oaks features one and two bedroom apartments ranging from 600 to 1000 square feet.  Apartments have private patios and balconies, built-in bookshelves, high ceilings, washer/dryer connections, wood burning fireplaces, and wood floors.  The community has a pool, fitness center, covered parking available, and is near public transit.

Ascent Arboretum’s one and two bedroom apartments feature hardwood floors, washers and dryers, spacious walk-in closets, and fireplaces.  The community has a jogging trail, an outdoor kitchen, a social lounge with tea and coffee, a resort style pool with lap lane, and a large fitness center.

The apartments in Cimarron Crossing have spacious, open-concept floorplans, oversized kitchens with pantries, walk-in closets, included washers and dryers, and private patios or balconies.  The community has a 24 hour fitness center, a resort-style pool, a hot tub, award winning schools and is pet friendly.

Estate on Quarry Lake has apartments ranging from 621 square foot one bedroom, one bathrooms to 1,177 two bedroom, two bathrooms.  The community has lake views, a lakeside running and walking trail, a 24-hour fitness studio, and two swimming pools.  Apartments feature full size washer and dryers, vaulted ceilings, private balconies or patios, crown molding and large walk-in closets.  

Looking for the perfect apartment in the Arboretum or anywhere else in Austin?  Give A Plus Apartments a call today at 512-231-1400 so you can keep doing what you love!