Friday, September 29, 2017

Austin Tops for Commercial Real Estate Investment

Austin was named the best “non-gateway city” for commercial real estate investment, the Austin Business Journal reports.  (Non-gateway is any cities other than New York and Los Angeles.)

DLA Piper’s Annual State of the Market named Austin the best city for commercial real estate investment in the country.  They asked 220 executives in the real estate biz from the best real estate firms in the country where they thought the best city was for investment and 45% of them said Austin.  That puts Austin on top, tied with Seattle.

Denver and Nashville tied for the next spot with 33% of the respondents naming them a great investment city.

Chinese investors are the biggest foreign investor in the US market.  In Austin, a Chinese firm is partnering with a domestic one on the construction of 70 Rainey.

Looking for an apartment to give you your own little peace of mind?  A Plus Apartments can help! Give us a call today at 512-231-1400 to find your dream apartment in no time!  

Tuesday, September 26, 2017

Austin's GDP 2nd in the US

Austin’s Gross Domestic Product was the 2nd highest in the nation, the Austin American Business Journal reports.

The Gross Domestic Product measures the total amount of all the goods and services that come out of the Austin metro area and was $125.8 billion in 2016, up 4.9 percent from 2015’s $119.9 billion.

The San Francisco Bay area beat out Austin in the rankings of metros with a population of at least 2 million.

Austin’s growth was strongest in the professional and business services sector, as well as finance and real estate.  Construction, trade and information were also robust.  The biggest drop in GDP was in the energy and durable-goods manufacturing industries.

Out of the United States’ 382 metropolitan areas, 267 saw an increase in their real GDP.  The average rise was 1.7 percent.

In Texas, GDP in Dallas was up 3 percent in 2016, but Houston’s was down 3 percent due to slowdowns in the energy industry.

Austin may have had the best growth in the country last year, it was the smallest increase in Austin since 2012.  The Austin Metro Area’s growth has been fast since 2011.  GDP was $93.4 billion that year.

Looking to get in on Austin’s strong economy? A Plus Apartments can help!  Give us a call today at 512-231-1400 to find your dream apartment in no time with our free service!

Friday, September 22, 2017

Austin Named the Most Fun City in Texas

Austin came in as the top fun city in Texas in WalletHub’s new study, the Austin American Statesman reports.

It’s probably not surprising to most Texans that we beat out other cities like Houston, Dallas, and San Antonio.  However Austinites who like to have a good time may be surprised by the fact that Austin was listed as just the 18th most fun city in the country.  

Austin did okay in the Nightlife and Parties category, coming in at number 17, and slightly worse in the Entertainment and Recreation category, snagging the 24th spot, its ranking was tanked by its showing in the costs category: 50th.  

Wondering where the most fun is to be had in the US?  That would be Las Vegas, Orlando and New York.  The least fun cities?  Brownsville and Oxnard, California.

Looking to join the fun in Austin?  We can help!  Give A Plus Apartments a call today at 512-231-1400 to find the apartment perfect for your lifestyle and budget!

Thursday, September 21, 2017

Ardent Residential Continues to Build Hip, New Apartments in Austin

Ardent Residential continues building new apartment projects in Austin, the Austin Business Journal reports.

Ardent’s projects are all over town, and they are committed to creating cool, hip projects that appeal to young buyers.  They also like to preserve as many trees as possible in projects such as Groves South Lamar, located near South Lamar Boulevard and State Highway 71.

In general, Ardent likes to build projects, get them leased, and then sell the development to another company.  They recently sold 7East to a company from Colorado.

Ardent’s projects are often the first of their kind in an area.  Gibson Flats was the first vertical apartment community on South Lamar and Burnet Flats was the first in the Burnet Road area, which is now teaming with restaurants and nightlife.

They’ve also built apartments as far south as IH-35 and Slaughter Lane and Southwest Austin near ACC’s Pinnacle Campus.  The company is always on the hunt for great parcels of land where they can build a project at their desired cost with the features they want to add.  Partnering with an Austin-based architecture firm, Davies Collaborative, on many of their projects helps them get a modern vibe.

Looking for a cool, modern apartment of your own?  A Plus Apartments can help!  Give us a call at 512-231-1400 to find your next apartment fast!  

Wednesday, September 6, 2017

How Austin's Real Estate Market Stacks Up

After years of being the “golden city” on many national best of lists, Austin may be losing its crown, Culturemap Austin reports.

WalletHub ranked 300 US cities using their real estate market and affordability and economic environment to determine the best real estate markets in the country.  Last year, Austin ranked at the 5th spot, but this year it was down to number 68.

Dallas suburb Frisco came in at number one on the list, followed by other cities in North Texas including McKinney at number 2, Allen at number 3, Richardson at number 5 and Carrollton at number 8.  Dallas proper was at the 57th spot.

Other big cities in Texas came in even lower.  Houston was number 206 and San Antonio was number 215.

Looking for an apartment in Austin?  A Plus Apartments can help!  Give us a call today at 512-231-1400.