November 2, 2016
In partnership with ULI and Allen Matkins, Connect Media brings you the “Number of the Week” every Wednesday.
2: Austin and Dallas are the top 2 U.S. markets for real estate prospects
Austin is the highest-rated U.S. market for real estate prospects and Dallas/Fort Worth is number two, according to real estate experts surveyed for Emerging Trends in Real Estate® 2017, a joint publication of the Urban Land Institute and PwC.
“Texas has a lot going for it. Austin has been in the 3 to 5% range job growth for the last few years. We think it’ll probably slow down to around 3% in the next three years. That’s still very good job growth. And the types of jobs that Austin is creating are well-educated jobs,” said Matthew Khourie, CEO of Trammell Crow Company. “Austin is really one of the few cities of its size that really created a 24/7 environment, and it is hard to do. A lot of cities have tried it. Austin has really pretty much got that done.”