Thunderstorms Likely
80
/ 51 °F
Thunderstorms Likely

Sep 30

San Jacinto Boulevard

East 15th Street to East 11th Street

East 11th street

Brazos Street to Colorado Street

Congress Avenue

11th Street to 4th Street

Oct 20

Trinity Street

Cesar Chavez Street to East 4th Street

East 2nd Street

Trinity Street to San Jacinto Boulevard

East 3rd Street

Trinity Street to San Jacinto Boulevard

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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.


 

Snapshot of Downtown Residential Market

14,638

Residents within one mile of Sixth Street and Congress Avenue 1&3

946

Condo Units Under Construction3

3,534

Condo Units Built Downtown Since 20003

$583

Condo Average Price/SF2

634

Apartment Units Under Construction3

5,581

Apartment Units Built Since 20003

$2.58/SF

Average Apartment Rate2

92%

Downtown Apartment Occupancy2*

1 Source: U.S. Census Bureau
2 Source: Capital Market Research, December 2016
*Stabilized CBD Apartment Occupancy (excluding projects in initial lease-up)
3 Source: Downtown Austin Alliance, February 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 2016

 

 

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.