Tuesday, December 12, 2017

Austin Named 7th Best Housing Market for Millennials




Austin made Trulia’s list of best housing markets for millennials, Business Insider reports.

Austin grabbed the 7th spot on their list of biggest markets poised for growth.  Trulia looked at several key metrics: job growth, vacancy rates, the affordability of a starter-home, online listing searches, and the percentage of people living there that are younger than 35.

Austin’s job growth was 2.3%, the share of income needed to buy a home is 47.5% and 26.3% of Austin’s population is under 35.


New to Austin? A great way to figure out where you want to live is to rent an apartment before you buy!  Apartment Specialists knows the city and the market here better than anyone. Give us a call at 512-241-1111!

Wednesday, October 25, 2017

Two Austin Neighborhoods Named Hottest Neighborhoods in the US



Two Austin neighborhoods made a list of the 25 hottest neighborhoods in the country, the Austin American Statesman reports.

Austin’s Holly neighborhood nabbed the 12th spot on the list, scoring high on the budget, weather, and walkability measures of the ranking.  

Central East Austin was named the 10th hottest neighborhood in the US and did well in the same categories as Holly. Both scored low in the entertainment measure.

The list took into account walkability, transit, budget, entertainment, lifestyle, and weather,  These were measured by examining how many bars and restaurants were in a neighborhood, local taxes, how severe the seasons were, and pet friendliness.

Houston’s Lower Westheimer neighborhood was the only other area in Texas to make the cut.  

Looking for an apartment in one of the hippest neighborhoods in the country or anywhere else in Austin?  Austin Apartment Specialists can help!  Give us a call today at 512-241-1111 to find your dream apartment ASAP!

Monday, October 23, 2017

Austin's Economy Second Best in the Country



A recent survey found that Austin has the 2nd best economy in the United States, only beat out by Provo, Utah, the Austin Business Journal reports.  

Austin had been number one for the past two years.  The cities are ranked using numbers from the U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, and the U.S. Census Bureau.  

Austin added 275,000 new people to the city in the past half decade, which is a 15.5 population increase.  2,900 jobs were added in the private sector each month since 2012, which is a growth rate of 26 percent.  

Need help finding a new apartment in Austin’s competitive rental market?  Apartment Specialists South Austin can help!  Give us a call today at 512-912-8000!  

Thursday, October 19, 2017

Could Austin Get the New Amazon Headquarters?



Moody’s Analytics has crunched the numbers and they think Austin has the best shot at getting the new Amazon headquarters, Business Insider reports.

The retail giant’s second headquarters is expected to employ 50,000 people and the company says it will give it a $5 billion investment.  

Amazon is accepting bids through today from cities that meet the following criteria: 1 million or more residents, 8 million square feet of space for the construction, access to an airport, stable, business-friendly regulations and tax structure, incentives that will help with the construction and expenses, workers, mass transit, a good cultural fit and a high quality of life.

The relatively low cost of living in Austin, as well as high quality of life and high desire of people to live here contributed to Austin’s coming out on top.  Texas’ low level of regulation and taxes were the icing on the cake.  

Atlanta, Georgia and Philadelphia, Pennsylvania came in at the next two spots.  

Amazon will announce the winner next year.

Looking to move to a new apartment closer to work here in Austin?  Austin Apartment Specialists can help!  Give us a call today at 512-241-1111!

Wednesday, October 4, 2017

South First Named One of the Best Places to Visit in the US



Lonely Planet named the South First Street area in Austin one of the ten best places in the country to go right now, Austin 360 reports.

Lonely Planet cites Bouldin Creek Cafe and Torchy’s Tacos as destinations and applauds the casual, easy vibe of South First Street in direct contrast to the trendiness of South Congress.

They also suggest taking the CapMetro Bus 10 or renting a B-cycle to spend a day exploring the boutiques, vintage shops and bakeries along the street, and of course recommend a stop by the ubiquitous “Greetings from Austin” mural at the corner of Annie and South First.

For lodging, Lonely Planet recommends South Congress Hotel or a local house or room rented via Air BnB or Home Away.  

The other destinations in the country that Lonely Planet said were must visits are East Liberty and Lawrenceville, Pittsburgh; Avondale, Chicago; Point Loma, San Diego; East Nashville, Nashville; Capitol Riverfront and Yards Park, Washington D.C.; Montavilla, Portland; and River North, Denver.

Started out a tourist, but ready to put down roots in Austin?  Austin Apartment Specialists South Austin can help!  Give us a call today at 512-241-1111 to find your perfect apartment in no time!

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 anything 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?  Austin Apartment Specialists can help! Give us a call today at 512-241-1111 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? Austin Apartment Specialists can help!  Give us a call today at 512-241-1111 to find your dream apartment in no time with our free service!