Quote:
Originally Posted by Komeht
Interesting - I hadn't seen that yet.
I can't imagine it's going to have the same level of finish out as on that website if these are going to be apartments.
I don't see the supply in leasing outweighing demand anytime in the next 5 years and probably much longer if Austin retains its hostile stance against mf housing.
|
Any multifamily housing built in infill locations (aka close-in Austin) will succeed, regardless of the supply. With our traffic issues people want to be as close to town and/or their job as possible. I work & live in Southwest Austin and if lived in Steiner and had to suffer that commute every day I know I would either move or quit. Life is too short to spend a 3rd of it sitting in traffic.
In case you want to see what's in the pipeline, the City of Austin publishes a quarterly Apartment report that lists everything that is permitted or submitted for permitting. Links to current and past versions are at the bottom of their Demographic Data page, and below is a link to their most current version (click on the "Changes" tab):
http://www.austintexas.gov/sites/def...r3q12_pub.xlsx