Since 2008 there have been 5 major regional cities that have fared very well through this recession. Among the 5 Austin of course struck well. Brookings reviewed the gross metropolitan product output for San Antonio, Austin, Houston and Dallas in Texas, and Oklahoma City, Oklahoma. It is no surprise as these cities have grown in [...]
Since 2008 there have been 5 major regional cities that have fared very well through this recession. Among the 5 Austin of course struck well. Brookings reviewed the gross metropolitan product output for San Antonio, Austin, Houston and Dallas in Texas, and Oklahoma City, Oklahoma. It is no surprise as these cities have grown in output since the recession. In Brookings’ most recent survey these cities experienced a decline in the first quart of 2009. Austin less than 1% decline of .06% between the fourth quarter of 2008 and the first of 2009.
This study was conducted by the Brookings Institute in Washington, DC, as part of their MetroMonitor program. This institute conducts a variety of studies to narrow down where cities are faring through the recession. They review employment vs unemployment rates, wages and housing costs.
Austin, as usual, fared well through the process. Austin’s average wage increased during the same period of time, as much as 1.4 percent. Housing costs are also increasing in the Austin Metro Area. There was a minor decrease in job opportunities over the reviewed time, .05%.
This is only one of several studies to produce a clear picture of how well the Austin metropolitan area is increasing, improving and developing even through a recession that has brought most of the country down.
Of the Top 10 places in the country to live, Austin has always ranked high or at the top. This has not changed. The research done at Forbes has once again found Austin tops, in this case it is tops for being one of the best places to stretch your dollar. Austin is number one [...]
Of the Top 10 places in the country to live, Austin has always ranked high or at the top. This has not changed. The research done at Forbes has once again found Austin tops, in this case it is tops for being one of the best places to stretch your dollar. Austin is number one in the top bargain cities. What you spend here you will get you farther than in any place in the country. This is based on 4 criteria and is out of 50 major metropolitan areas surveyed.
Here are Austin’s rankings and some more Austin accolades:
Regarding best or lowest cost of living, Austin ranks 3 out of 50. For housing opportunities, as in open homes for rent or sale, Austin’s metropolitan area ranks 24 of 50. The unemployment rate they are 1 of the 50 cities, meaning of all the cities surveyed, Austin has the lowest unemployment rate and the most jobs or job growth. Regarding the average salary in Austin, it ranks 20th of the 50 cities. These stats combine to create the best reason for people to love to live in Austin.
As often as Forbes does their surveys, Austin continues to surprise them by topping the lists. From green recognition to best bang for your buck, this is the place to live. Moving to Austin is easier than ever, with the right Realtor. When are ready to move, contact the team here to find your place to live in this wonderful city we call Austin.
There are many major cities across the United States. With 2008’s turbulent job market, only one major metropolitan area had an increase in the job market. That city was home, Austin, Texas. According to the Bureau of Labor this is the third month that Austin has out preformed all of the United States cities involved [...]
There are many major cities across the United States. With 2008’s turbulent job market, only one major metropolitan area had an increase in the job market. That city was home, Austin, Texas. According to the Bureau of Labor this is the third month that Austin has out preformed all of the United States cities involved in the survey. Each one of these are involved due to the size of their labor force; it is more than 750 thousand potentially employed adults. The results of this continued gain is seen in the unemployment rate of 5.8 percent when the national average is 9.4 percent.
The big job increases for 2009 have been in the areas of Hospitality, Retail, and Restaurants. These services are provided direct to the public and even through a recession they are seeing modest growth opportunities. Direct impact on Austin’s job market, goods producing industries and technology based industries are down across the region. The jobs in the direct to consumer industries mentioned above, compensate significantly for those jobs lost.
Within the Texas borders Austin’s 5.8% unemployment rate ranks at the top of the list. Dallas-Fort Worth stands with 6.6% and Huston at 6.3% unemployment rates for April. The only Texas City with a better unemployment rate was San Antonio at 5.4%. Many of the smaller metro areas reported more than 8% unemployment.
For the last 4 years the Austin Starr Building, a large imposing building in downtown, has stood empty. All of this is no longer true. This 55 year old building is getting a face lift and a new resident. Kemp Properties is currently in the process of closing the deal to purchase the property. It [...]
For the last 4 years the Austin Starr Building, a large imposing building in downtown, has stood empty. All of this is no longer true. This 55 year old building is getting a face lift and a new resident. Kemp Properties is currently in the process of closing the deal to purchase the property. It is their intention to renovate and update the building while preserving the history of this large Austin landmark.
In 1954 the Starr building served as American National Bank, who included Austin’s first escalators and the first drive up banking center in the area. On the interior lobby wall is a mural that made Fortune magazine’s shortly list of distinguished national architectural paintings, this mural was designed by modern artist Seymour Fogel. These are just some of the historical attributes associated with the incredible building.
The goal of the Kemp renovation will be to preserve the historical value while bringing it into a green and energy efficient design. They will be leaving the renovation and planning to the capable and renowned company of McGarrah Jesse firm. Their plans and architectural expertise has been seen in several preservation and renovation projects around the city and the world. To their credit the list includes the Lady Bird Johnson Wildflower Center along with the LBJ School Renovation.
The example this acquisition makes for all of Austin is that commercial real estate is still a viable investment for any company. Finding the right commercial establishment, rich and full of history is an investment that can enhance any business, even in troubled times. This process will be made fair with the use of your commercial real estate agent.
