Austin has been named as one of a handful of metropolitan areas still enjoying some real estate growth during the market crisis, and investment property growth appears to remain vibrant. 

    On October 30, Real Estate experts voiced their opinions at the annual Institute of Real Estate Management Forum, according to Shonda Novak and M.B. Taboada in the American-Statesman.  While the housing market has slowed down, job growth and low unemployment have helped to solidify Austin’s apartment market.

    According to Tim Hendricks, Senior VP in Austin for Cousins Properties Inc., Austin is expected to add about 23,000 new jobs next year, resulting in a need for millions of square feet of new office space.  With that projection, office rents and occupancies are expected to continue to increase.

    Increased population due to career opportunities brings increased retail needs.  Experts predict that retail growth will continue to occur, both in established retail spaces and new construction. 

    In one way or another, Austin remains a healthy financial community even as it weathers its version of the nation’s real estate woes.

The RealtyPro Team helps sellers, buyers, and investors with their residential real estate transactions all over the Greater Austin metropolitan area.  To search all currently available property listings, visit www.AustinRealtyPro.com/SearchAustinListings