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

12,000

Population of Downtown Residential Market 1&3

946

Condo Units Under Construction3

3,297

Condo Units Built Downtown Since 20003

$583

Condo Average Price/SF2

634

Apartment Units Under Construction3

5,398

Apartment Units Built Since 20003

$2.43/SF

Average Apartment Rate2

85.2%

Downtown Apartment Occupancy2*

1 Source: U.S. Census Bureau
2 Source: Capitol Market Research, September 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: Capitol Market Research, November 2015.

 

 

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.