From today’s Austin Business Journal email newsletter. The report doesn’t contain info about residential sales and is focued on the commercial side. But as commercial goes so does residential. The new jobs filling the commercial space are the same people moving into Austin and buying homes.
Source: Austin Business Journal
With rents and occupancy rising across different product types and economic indicators pointing toward further population and job growth in Austin, local commercial real estate professionals say the industry’s high times are likely to continue into next year.The Institute of Real Estate Management sponsored its annual forecasting forum today at the Hyatt Regency on Town Lake. A panel of experts from different sectors offered their assessment of the market and their predictions for 2007.