Shoal Creek Condos at 8500 Shoal Creek Blvd offer the perfect combination of deluxe office space and outstanding location. The garden units feature plenty of natural light and are available in a range of sizes from 400 square feet to 10,000 square feet, making the development a desirable choice for small to medium businesses. [...]
Centrally located office condos for a reasonable price
You can check out the browsable tree of Austin home search listings, view listing photos, get basic details, and check out a map of the listing and points of interest so far. We’ll be adding more features as time goes on, but would love any feedback you have.
You can check out the browsable tree of Austin home search listings, view listing photos, get basic details, and check out a map of the listing and points of interest so far. We’ll be adding more features as time goes on, but would love any feedback you have.
A recent survey conducted by Portfolio.com named Austin, Texas, as the best place in the country for young adults to find work. The data collected by researchers indicated that Austin had added nearly 100,000 jobs over the past five years, making it the fastest growing employment market in the United States. Unemployment in Austin remains [...]
A recent survey conducted by Portfolio.com named Austin, Texas, as the best place in the country for young adults to find work. The data collected by researchers indicated that Austin had added nearly 100,000 jobs over the past five years, making it the fastest growing employment market in the United States. Unemployment in Austin remains at a steady 6.9 percent, significantly lower than the national average of almost 10 percent. While Austin has suffered some job losses and economic setbacks, on the whole it has fared far better than most large metropolitan areas.
Employment opportunities in Austin include green technology research, music studio jobs, healthcare, education, and many other sectors where innovation and original ideas are in demand. With 28% of Austin’s residents between the ages of 18 and 34, these jobs are a natural fit for the younger workforce. New start-ups are also a factor in Austin’s appeal; the chance to get in on the ground floor of a new business is exceptionally attractive to younger members of the workforce. Austin offers outstanding opportunities for new companies and an attractive incentive package for companies looking to expand into the area.
Entertainment and lifestyle factors also played a part in the Portfolio.com ranking; Austin’s vibrant downtown music scene and accepting atmosphere is a perfect fit for the younger adults in the area. Austin’s youth-friendly culture is also reflected in the numerous local conferences focusing on new music, cutting-edge film, and advanced computing technologies. Austin’s offbeat cultural scene makes it a popular destination for tourism; many who come to sample the city’s charms return to make it their home.
Austin’s ranking as the most attractive employment destination for young adults comes just after Forbes announced that Austin was set to experience the best economic recovery in the U.S. Austin has long been considered the greenest city in America due to its focus on the green technology industrial sector and its innovative and ground-breaking incentives for homeowners who use green technology to help power and insulate their homes. Forward-thinking leadership by Austin’s governing council and the high quality of local employers and businesses ensure that Austin remains in the forefront of U.S. cities for growth, progress, and quality of life.
Young professionals find opportunity in Austin.
According to the Forbes Business Journal, Austin is tied for first place as the metropolitan area showing the most signs of economic recovery; Washington, D.C. was the other first-place contender. This is in line with 2009 estimates by Forbes that Austin was positioned for a swift rebound; financial analysts predicted at that time that Austin’s [...]
According to the Forbes Business Journal, Austin is tied for first place as the metropolitan area showing the most signs of economic recovery; Washington, D.C. was the other first-place contender. This is in line with 2009 estimates by Forbes that Austin was positioned for a swift rebound; financial analysts predicted at that time that Austin’s economy would grow by $5 billion before 2011. Austin’s speedy recovery was attributed to its strong government sector; as the capital of Texas, Austin benefits significantly from stable government employment in the area.
Aggressive moves to attract new companies by both the city of Austin and the state of Texas have also provided additional employment opportunities. The Austin area has attracted several new employers in recent years including the Hanger Orthopedic Group; Austin is currently in negotiations with Facebook to open an office, as well. Austin’s historically strong education, healthcare, and green technology sectors have ensured that unemployment rates in the metropolitan area remain lower than the state and national average.
Recent figures indicate that Austin’s employment picture continues to improve. Job growth in Austin over the past two years approached one percent, the best in the nation; while this growth rate may seem small, it’s worth noting that over the same period the United States as a whole lost jobs and saw unemployment rates skyrocket. In fact, Austin’s employment picture is expected to improve even more over the next three years, with jobs in the area increasing by approximately eight percent overall.
One major factor in the stability of the Austin economy is the housing market. While other regions experienced serious declines in property values and increases in foreclosures and unsold homes, homes in Texas retained almost all of their initial value and demand for these homes remained high throughout most of the industry crisis. Most analysts credit reasonable real estate pricing and lack of overbuilding for Austin’s relative stability and economic performance; because Texas real estate prices were never overinflated due to real estate speculation, the collapse of the housing bubble had little effect on the area.
These recent figures and predictions spell good news for the Austin real estate and business community. Increased growth and employment is expected to bolster the commercial and residential real estate market and boost new construction, creating still more jobs and growth in the area. This synergy will maintain Austin’s position as one of the best cities in the nation in which to live and work.
Austin tops in economic recovery
Recent figures from the Mortgage Bankers Association suggest that the worst of the housing industry downturn may be over. For the first time in three years, fewer homeowners are falling behind on their mortgage payments; this spells good news for mortgage lenders as well as borrowers. While economists hesitate to say that the worst is [...]
Recent figures from the Mortgage Bankers Association suggest that the worst of the housing industry downturn may be over. For the first time in three years, fewer homeowners are falling behind on their mortgage payments; this spells good news for mortgage lenders as well as borrowers. While economists hesitate to say that the worst is over, the reduction in new delinquencies is generally regarded as a positive sign by housing industry experts and real estate agents throughout the country. Even in Austin, where housing prices remained surprisingly resilient throughout the nationwide woes, these figures offer fresh hope that an economic upturn is on the way.
Current national figures estimate that fifteen percent of all mortgages are at least thirty days delinquent; this includes homes currently in foreclosure as well as seriously delinquent loans. The worst figures are seen in the subprime mortgage field, where twenty-five percent of loans were thirty days or more delinquent. The state of Texas has fared somewhat better as a whole than the nation, but fifteen percent of the Texas subprime mortgage market loans are seriously delinquent by sixty or more days, and many of these are currently facing or undergoing foreclosure proceedings. Only two percent of all mortgage loans in Texas are currently in foreclosure, which represents a markedly better performance than the national rate of approximately five percent. Texas is one of only seven states currently showing foreclosure rates of two percent of less.
Austin foreclosure rates have remained lower than both the national and state averages, with one percent of loans in foreclosure in December 2009. These low figures will likely shield Austin from the brunt of the foreclosure crisis expected when banks finally begin unloading already foreclosed homes on the housing market. Certain hard-hit regions are expected to see plummeting home prices due to the depreciation caused by this expected glut of homes on the market; as many as six million foreclosed homes may be sold by banks over the next three years, according to economic analysts at Barclays Capital.
The strong housing market and stable home values in Austin make it one of the most desirable places to live in the U.S. Austin’s vibrant computing, healthcare and green tech sectors provide outstanding employment opportunities and have cushioned the Austin metropolitan area against the worst effects of the recession. With mortgage delinquencies on the decline and the national economy showing signs of recovery, there’s never been a better time to consider moving in or moving up in the Austin community.