Quote:
Originally Posted by Syndic
Y'all, keep in mind that these tenants aren't permanent, but the buildings are. I'm primarily concerned with changing Austin's urban fabric. The culture will evolve from there, and the retailers and restaurants will change over time.
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What are you suggesting? Are you arguing against more renters? If so, the majority of those who create Austin’s fabric are renters (~54%). In fact, Austin has the nation’s 6th highest renter-to-owner ratio. Those above Austin are:
#1 New York City (~66% renters)
#2 Boston (~63%)
#3 San Francisco (~62%)
#4 Los Angeles (~61%)
#5 Dallas (~55%)
Those rounding out the Top 25 are:
#T-7 Chicago (~53%)
#T-7 Houston (~53%)
#T-9 San Diego (~51%)
#T-9 Columbus (~51%)
#11 Seattle (~50%)
#12 Baltimore (~49%)
#13 Denver (~48%)
#14 Memphis (~47%)
#15 Detroit (~46%)
#16 Philadelphia (~45%)
#T-17 Indianapolis (~44%)
#T-17 Nashville (~44%)
#19 Charlotte (~43%)
#T-20 Phoenix (~41%)
#T-20 San Antonio (~41%)
#T-20 San Jose (~41%)
#T-20 El Paso (~41%)
#24 Ft. Worth (~40%)
#25 Jacksonville (~38%)
FYI: The U.S. average is ~33% renters vs. ~67% owners.