Austin is becoming one of my favorite skylines! Especially when all of the approved projects are built.
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Housing advocates are giddy about Austin’s rent rates collapse.
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https://www.washingtonpost.com/busin...ate-doom-loop/ I wonder if those approved-though-not-yet-built projects will actually happen? Houston-in-the-early-80s vibes. |
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“Collapse” for example itself is such a negative word. The rent trends, especially when we consider the actual urban housing, has been blowing wage growth by staggering numbers. Imagine if wages grew YoY like they had in Austin - it’d be insane. But when we look at apartment units and data, it’s mixed with the more lower cost garden-styles on the fringes of cities with walkscores in the single digits. Urban living shouldn’t be such a luxury, and if it is, there should be at least more amenities… but I think housing advocates want to see rents stabilize, reforms that make urban living more accessible as there are a lot of societal benefits as well as being cheaper and better for the environment for society overall with infrastructure, efficient land use etc. Urbanity in many U.S. cities can be for those in poverty (with inadequate transit, etc) and those wealthier citizens, no children, etc. At least that’s my take as someone who wants urbanity to be more accessible, affordable, etc in our cities. |
My favorite Texas city and skyline. If only I could tolerate the summers. Was there this past August and wanted to die.
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https://live.staticflickr.com/65535/...fb4d27ee_c.jpg Paywall-free (I hope) link to story: https://www.houstonchronicle.com/bus...ount=MA%3D%3D# |
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Certainly something to think/worry about. |
There will not be any Spec office towers built in Austin and virtually anywhere in the U.S. for several years. Everyone knows this.
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A lot of it is residential and that is a good thing in this market!
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Twin Oaks
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https://towers.wpenginepowered.com/w...-1536x1045.png https://towers.wpenginepowered.com/w...1-1536x941.jpg |
This looks so gooooood!
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Is that the NE corner of Congress and Oltorf?
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For some reason people are laser focused on one week in Texas yet ignore the many power outages California experiences EVERY summer. |
This will be a great southern anchor for SoCo.
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