Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Texas  + Austin  + Apartments  | 
Austin Ranks in 2021 STEM Job Growth Index’s Top 10

Investors Favor Markets Buoyed by Proven Labor Market Resilience

A recent survey of commercial real estate investors ranked Austin as the top target among Americas metros. Austin jumped two spots to number one, followed by Dallas, in CBRE’s 2021 Americas Investor Intentions Survey. The survey found that more investors are prioritizing secondary Sun Belt markets in 2021, particularly those with strong job and population growth prospects.

“Austin has become the clear darling of investors in the post-pandemic world,” said Russell Ingrum, vice chairman with CBRE. “What makes Austin attractive to investors is the unique combination of a high-quality lifestyle, high volume growth on a percentage basis, some barriers to new supply and a tech-forward economy and workforce. Austin also benefits from leveraging its smaller numbers. For example, if Dallas and Austin each attract a new company that brings 500 new jobs, the impact on Austin is significantly larger due to the smaller size of the market. The last decade benefitted Austin tremendously and I believe the next decade will be even better.”

The survey findings also reveal the sustained appeal of tech-driven markets, with Austin ranking among the top 10 markets for the sixth straight year.

Connect

Inside The Story

Connect With Russell Ingrum

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Economy
New call-to-action