With a combination of extraordinary job growth and a declining vacancy rate, Austin, TX has created a spot for itself as one of the TOP RENTAL MARKETS in the nation. Forbes recently named Austin “Americas #1 fastest growing city” and the media is now calling Austin the “Next Silicon Valley!” Watch this with our Area Rep in Austin and learn more about the multi-unit properties we target as spectacular investments for Marshall Reddick members. Our Austin Regional Rep will be sharing example properties that other Marshall Reddick investors have been purchasing as well as a handful of NEW Construction Multi-Units! New build = low maintenance!
Here are the latest stats HOT off the press:
– 3.9% unemployment rate as of January 2015
– 11th-most populous city in the United States
– Year-over-year median sales prices climbed 8% from May 2013 to May 2014
– No. 1 on Forbes’ list of the country’s fastest-growing cities for the fourth year in a row.
– Sharp decrease in unemployment from 2013-2014. 64,100 jobs added just in April 2014 according to Business Journal
– 1.2% vacancy rate, which is third lowest of all metropolitan areas
– Home to large high-tech employers such as Apple, Google, Hewlett-Packard, Cirrus Logic, Cisco Systems, Ebay/Paypal, Xerox, Silicon Laboratories, Oracle, United -Devices, and many more
For more details or to speak to a real estate advisor, go to http://www.marshallreddick.com
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