Since Austin has one of the fastest growing job markets, several of the best restaurants in the country, and is surrounded by miles of gorgeous hike and bike trails – approximately 50 miles in the city proper (austintexas.gov), this is the perfect time and place to invest in Austin’s Multi-family market.

In Real Estate Business’ online magazine, Tres Capital’s, John Hutchinson discusses the myriad of benefits to purchase in the city that has long been a Texas gem.

“In 2021, the Austin area’s net population growth was about 16 new residents moved per day, according to data from the U.S. Census Bureau. Austin is the fastest-growing city in Texas and the fastest-growing city in the nation over the last 10 years, with its population climbing 35 percent over the last decade.”

 Austin owes much of her growth to the booms in the job market. With 62 corporations relocating in the past year and single-family home prices soaring, Austin is seeing rental occupancy of 94.4% in the city (source: AII 2022-Q2 Multi-Family Trend Report).

“With so many new people drawn to Austin, demand for multifamily product continues to outpace supply with no signs of slowing down in the next two to three years,” Hutchinson said.

The city has so much to offer!

You can read Hutchinson’s article at this link.