Snapshot of Downtown Residential Market
Downtown Population 1
Units Under Construction3
Residential Units Built Since 20003
Average Household Size2
Average Apartment Rate4
Downtown Apartment Occupancy4
1 Source: U.S. Census Bureau, mySidewalk, Downtown Austin Alliance, 2017
2 Source: American Community Survey, U.S Census Bureau, 2012-2016
3 Source: Downtown Austin Alliance, City of Austin Economic Development Department, November 2018
4 Source: CoStar Group, August 2018
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.
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.