No Longer a Fluke; Austin is for Real

Austin’s economy includes manufacturing, education, health care and technology.

AUSTIN, TX—Niche neighborhoods and economic diversity are driving forces behind the strong showing of this year’s top 10 US cities, according to Emerging Trends in Real Estate 2017 by PwC US and the Urban Land Institute. Austin wins top city status thanks to its niche neighborhoods and depth of economic diversity, from manufacturing to education, health care and technology.

“Viewed as a fluke when it hit the study’s top 10 list five years ago, Austin’s rise to the top of the list signals the durability of the city’s long-term appeal to investors,” says Mitch Roschelle, PwC partner and real estate research leader. “Austin, along with many of this year’s top 10 cities, boasts attractive, niche neighborhoods and a vibrant, diverse economy.”