Following the addition of 17 significant buildings in 2022, downtown Austin continues its rapid expansion with 22 ongoing construction projects and an additional 34 projects in the pipeline, poised to reshape the city's skyline.
The surge of growth is not limited to commercial spaces but extends to other sectors as well. The city has ambitious plans to accommodate the increasing demand for hospitality with approximately 3,000 new hotel rooms slated for development in the coming years. Additionally, Austin aims to cater to its growing population with the construction of 11,200 residential units, offering a range of housing options to meet the diverse needs of residents.
These development endeavors reflect the city's commitment to accommodating its flourishing economy and population. The influx of new buildings, including office spaces, hotels, and residential...
1. Barton Springs Pool: Take a dip in the natural spring-fed Barton Springs Pool, a popular spot to cool off and swim. The water remains refreshingly cool throughout the year.
2. Hamilton Pool Preserve: Visit Hamilton Pool Preserve, a scenic natural pool formed by a collapsed grotto. Enjoy the picturesque surroundings, swim in the cool waters, and relax in the shade.
3. Lady Bird Lake: Rent a kayak, canoe, or paddleboard and explore Lady Bird Lake, a peaceful reservoir located in the heart of Austin. You can enjoy water activities while staying cool.
4. Inner Space Cavern: Explore the fascinating Inner Space Cavern, an underground cave system near Austin. The caves provide a cool and otherworldly experience away from the heat.
5. Visit Museums and Art Galleries: Austin boasts numerous museums and art galleries...
Photo above is Culhane Premier Properties' current listing, 9901 Bundoran Dr.
The Austin real estate market has long been a hotbed of activity, drawing attention from buyers and investors alike. In recent years, Austin's unprecedented growth and skyrocketing housing prices have made headlines. However, there are indications that the market is entering a phase of normalization. In this blog post, we will explore the evolving trends in the Austin real estate market and how it is gradually moving towards a more balanced and sustainable state.
The Shift in Price Growth:
One of the key signs of the Austin real estate market normalizing is the shift in price growth. While the city has experienced double-digit appreciation rates in the past, recent...