Austin’s Commercial Real Estate Market - A Booming City with Growing Business

Austin, the state capitol of Texas, attracts an increasing amount of national attention. This year, Money magazine listed Austin number two among the 10 best places to live in the United States – based on a financial, educational and quality of life criteria. Austin was designed to be an all-encompassing, environmentally friendly city, where people could live, work, play, and learn in harmony with nature. The University of Texas now ranks as one of the largest public universities in the nation. Approximately 50,000 students attend classes each year on its sprawling campus. Doubling in population every 20 years, the past two decades no exception, Austin’s city limits is now home to 657,000 people and the city is now ranked as the country's 16th largest. The total metropolitan area includes 1.2 million people. Much of the city's recent growth is a result of a technology boom.

Among this growth are an increasing number of new businesses – making the continued growth of the city very exciting. In the commercial sector, there are increasing opportunities for economic development. The most popular locations in Austin include downtown Austin, where many attractions and points of interest - such as a number of public institutions, including the State Capitol, the University of Texas Campus, Bob Bullock Texas Historical Museum and the LBJ Presidential Library – make it a desirable location for business owners and visitors alike.

Or, a business owner might consider a location near the Austin Bergstrom International Airport, which offers tremendous business convenience for those requiring travel or receiving frequent out-of-town clients. In this location, the essence of Austin is just outside the office doors – with the ultimate walk, work, and shop environment. A location, for example, just two blocks away from the food market affords employees and clientele ample access to restaurants, clothing stores and cafes.

Business owners owe it to themselves to see all of the attractive and available properties in the Austin area that could meet their criteria. Finding the best location is the first step to building a successful business in Austin.