Downtown Demographics

Downtown Austin is a thriving place with a growing residential population in addition to office workers, students, visitors, conventioneers, and a large evening entertainment population.

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Employees

• 67,000 employees work in the core of Downtown
• 90,000 employees work within 1-mile radius of 6th Street & Congress Avenue

  Downtown Business Facts (24K PDF) updated 08/26/08

Residents

• 783,000 City of Austin residents in 2009
• 8,000 residents live Downtown
• 363,000 residents live within 10 minute drive-time of Downtown
• 94.4% stabilized apartment occupancy with an average rent of $1.72 square foot/month in Downtown (Source: Capital Market Research June 2009)

  Residents within 1, 3, and 5 miles of 6th and Congress (48K PDF) updated 08/26/08

  Downtown Census Tract Information from 2000 Census (268K PDF)

Office

• 8,300,000 square feet of office space
• $33.56 average CBD office rent
• $36.34 average CBD Class A office rent in June 2009
• 85.6% office occupancy in the CBD in 2009

Source: Capital Market Research June 2009

Retail

• 1,387,200 square feet consisting of mostly bars and restaurants

Downtown Retail Development Strategy (9.4M PDF)

Downtown Retail Fact Sheet (256K PDF)

Tourism

• 7 million people visit Downtown Austin annually
• $2.84 billion in economic impact generated by visitor spending in 2006

Hotels

• 5,370 hotel rooms located in Downtown Austin
• Hotel occupancy 72.5% year-to-date through September 2009

  Hotel Occupancy Historical Data 2001-2009 (44K XLS) updated 11/18/09