As a follow-up to our article earlier this year on the Q2 stadium opening, the North Burnet/Gateway area has seen continued dense housing, commercial, retail, and office developments take shape. Additionally, some affordable housing and hotel development are in the works. The completedQ2 Stadiumhas proven to be immediately impactful in this area’s growth and more projects are in the pipeline as a result including the Dell’s Children Medical Center, the Domain Tower 2, the expansion of Concordia, The Bowen, and a plethora of new restaurants and breweries.
There is also a large need for industrial space (to attract new or expanding businesses) in this sector alongside the growing housing needs. Appreciation on commercial land has been clipping at 10%+ this year as a result and residential is trending towards 15% for 2021. With the multi-year implementation of a more robust transit system under theProject Connectinitiative, we expect these numbers to trend into 2022 and beyond – so it’s a still wise play to invest in this area as a Buyer. As a Seller, the timing is good to take advantage of strong demand and terms to sell and pivot into some earlier stage growth areas that we are bullish on.
We’re innovative and strategic real estate agents and advisors with an entrepreneurial spirit, who are well-versed in the Austin realty scene and residential real estate. We understand that the life of an entrepreneur can be very busy, and when it’s time to buy a house or purchase an investment property, you don’t have the time oversee every step of the process. We’ve built a formula for simplifying real estate and investing by utilizing our in-depth and up-to-date knowledge of the Austin real estate market, our skills as real estate investors and advisors and our local connections. We have a growing portfolio of homes for sale to help match you with the perfect property.