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PLANNED STREET CLOSURES
 

Downtown offers the best of Austin, amplified. This is where creativity and ingenuity meet to deliver the latest foodie hotspots, legendary live music venues, one-of-a-kind shops, and year-round outdoor fun. Rock out or relax – it’s your call. LET’S GO

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Downtown is the epicenter of Austin’s 24/7 idea exchange. This is where enterprises headquarter and entrepreneurs incubate, all harnessing our city’s incredible talent pool, business-friendly infrastructure and uniquely collaborative culture. LET’S GO

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Downtown Austin offers residences to suit any style, whether you’re renting or putting down roots. This is where city excitement meets creature comforts – your walkable new neighborhood puts both nightly entertainment and daily essentials within easy reach.LET’S GO

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Residential

Look who’s moving in and up.

More people are putting down roots in the center of our city’s action. Downtown Austin's population has grown by 573% since 1990.


 

Snapshot of Downtown Residential Market

14,800

Downtown Population 1

1,244

Units Under Construction3

2,095

Units Planned3

7,071

Residential Units Built Since 20003

1.5

Average Household Size2

37

Median Age2

74%

College Educated2

$2.58/SF

Average Apartment Rate4

92%

Downtown Apartment Occupancy4

1 Source: U.S. Census Bureau, mySidewalk, Downtown Austin Alliance

2 Source: American Community Survey, U.S Census Bureau, 2012-2016

3 Source: Downtown Austin Alliance, City of Austin Economic Development Department, 2018

4 Source: Capitol Market Research, December 2017

 


Residential Rental and Occupancy Rates

 

In 2000, only 4,000 people lived downtown, compared to more than 10,000 in the 1950s. As the stats below show, downtown Austin is once again a thriving residential neighborhood. With area population expected to double by 2040, we expect both demand and density to increase.

Source: Capital Market Research, December 2017

 

 

Emerging Downtown Residential Projects

Downtown Austin’s latest building cycle is in full swing, and developers are working to deliver more residential units to meet market demand. Additionally, infrastructure projects like the Waller Creek Tunnel will eventually lay the foundation for more living space.