Quote:
Originally Posted by texboy
I think there IS a market there for this type of product, but as you can see its a slow market. The economy right now isn't helping either. SA just doesn't have the money base to fill these up fast like the Austin/Dallas/Houston markets. SA would have to see its white collar jobs numbers start to come up for these types of developments to fill up.
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So, I have friends in Austin and Dallas, and a lot of their residential highrises are only 50 to 60 percent leased/bought. It is the market and the economy right now. And Austin will have a glut of empty highrises in the near future, as they keep building. That is what I have been told.
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