If you believe in “following the money” then that is your answer on Austin on why to be bullish on Austin Real Estate.
While Austin’s real estate market tanked in 2022, the fall will help with those that are able to play out the market
🔵 VC & Founder Capital: Austin now ranks #3 in the US for pre-seed funding volume.
Texas officially overtook New York in early-stage capital. Central Texas (Austin) accounts for over 70% of all Texas VC dollars
🔵 Corporate & Tech Companies moves to the Austin area… some in the last 5 years: Tesla, Oracle, Apple’s second major campus, Samsung’s massive chip expansion North of Austin and major footprints from Google and Meta.
In the past month Amazon just confirmed a multi-billion dollar advanced robotics manufacturing facility in a 2.6K acre development in East Austin.
🔵 Health technology is also another reason to be bullish on Austin. Look into the $5B University of Texas Dell Medical Center with MD Anderson… just the tip of the iceberg regarding what is being developed in the health tech side.
Austin is a pro-business, has seen massive infrastructure growth, a top university (UT, St Eds and some may even reference Austin University), heavy institutional & venture capital and we have government (Capital of Texas, Army Transformation and Training Command, IRS…)
Now if you want to know where to buy in Austin and what’s the best “hold” that’s a whole other story that I dive into.