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RENTCafe crunched the most recent US Census population estimates and ranked ZIP codes in the 30 biggest US cities and as expected, downtowns and areas near downtowns are favorites for Millennials.
Pathways at Goodrich Place is being redeveloped as part of HUD's Rental Assistance Demonstration, a federal initiative to improve the quality and availability of federally assisted housing.
The population in a 1-mile radius of a new mixed-use development at 1600 S. 1st has skyrocketed by 27% in less than 10 years, and growth is expected to continue at a similar rate for years to come.
Tenants leased 1.4 million square feet in the second quarter and have leased 7.3 million square feet in the four most recent quarters, well above the annual average.
West Campus neighborhoods achieved 5.55% average rental growth since 2010 and University of Texas at Austin student enrollment is estimated to grow by 5.4% by 2020.
BBG views Austin as a strategic market that will contribute to its future growth and its acquisition of HCP Advisors will create one of the city's largest valuation teams.
The 200,000-square-foot mixed-use building at 200 E. 18th St. is soon to be underway on behalf of the Employees Retirement System of Texas, and it is to include both office and retail space.
Private capital has been the most active buyer type for 2018, comprising 74% of Austin's total sales volume, followed by cross-border buyers at 14% and institutional investors of the remaining 12%.