It’s true. Values in Austin, Texas, are moving up.
Ask A Question | Learn more about None
Are portions of Texas becoming another tech hub to California’s Silicon Valley?
Chatter is abound that the Lone Star State is attracting tech and the inflow of new residents is driving up real estate prices. Is this true? Is it too late to capitalize on residential real estate investment opportunities there?
Answers
-
-
The straight answers to your questions below are yes! You have many other players in the market. We believe some value still exists in the residential real estate investments which can evidence value add and upsides with capex to increase IRR and equity x’s.
-
Many states have tech hubs. Austin, Texas, is already a well-developed tech hub. There may be better opportunities in other places. All states want tech hubs because the hubs attract talented young people.
-
Texas has nearly the most Fortune 500 headquarters than any other state, thanks to no state income tax and pro-business government policies. Dallas-Fort Worth is the No. 4 largest metro city in the U.S., and No. 1 city for skilled talent and No. 1 city for jobs in 2017 (Forbes). It was ranked No. 2 for the U.S. healthiest housing market in 2017 by CNBC. We have many excellent residential property projects, and strong relationships with developers and owners.
-
This has been true for some time in Austin, a major tech hub and home of Dell. Young techies love Austin for many reasons, but it does support a strong tech culture and has many lifestyle benefits very important to young people. Dallas also seems to be expanding, though, and is much less tech-driven in nature.
Call Us
+1-800-347-9390
