Downtown Austin Expected To Catch Its Breath Going Into 2018
December 13, 2017

Downtown Austin Expected To Catch Its Breath Going Into 2018

Developers expect a slowdown in the delivery of projects to the Downtown Austin market over the next two years, a move not unwelcome and described by one developer as Austin's “chance to catch its breath.”

Long term, Austin's prospects still look strong, but developers at Bisnow's Future of Downtown Austin event last week agreed that in the short term easy parcels of land and available methods of financing have gotten harder to find. This comes in…

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Christmas Arrives Early For San Antonio With IKEA, 800K SF Project Announcement

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Canadian Investor Enters San Antonio Apartment Market With 500-Unit Buy

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Credit Score Hurdle Harder To Clear For Apartment Renters

Though millennials are flocking to the city to be closer to work, research shows the more competitive the market, the better the credit score that is needed to secure an apartment.

Justin Rubner wanted to live close to his office in Midtown Atlanta. While he thought he had solid credit, a mark from his past kept him from being able to rent one of the gleaming new apartment towers sprouting up in the city within walking distance from his employer. In the end, Rubner and his fiancee decided to lease at an apartment along Atlanta's new coveted BeltLine walking trail in the popular Old Fourth Ward neighborhood.

"It wasn't our first choice," he said. 

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Ten-X Chief Economist Peter Muoio expects transaction volume to continue inching upward moving into 2018, albeit at a glacial pace compared to the 15.6% leap in transaction volume that occurred in Q2 following the plunge in the first quarter.

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