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Old 09-01-2020, 11:40 AM
 
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Quote:
Originally Posted by homeinatx View Post
What's going on in downtown today? A huge amount of construction. Never have there been so many cranes in downtown Austin...
I’ve noticed. I can’t help but wonder how that will really turn out in light of the current economic conditions / pandemic...
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Old 09-01-2020, 12:13 PM
 
Location: Avery Ranch, Austin, TX
8,977 posts, read 17,552,407 times
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Quote:
Originally Posted by Need4Camaro View Post
I’ve noticed. I can’t help but wonder how that will really turn out in light of the current economic conditions / pandemic...
I hadn't been downtown all year until a couple of weeks ago. Went from MoPac on 5th to the Frost tower then returned to the Mo' on 6th. Looked completely different compared to last year.
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Old 09-01-2020, 12:20 PM
 
Location: Austin, TX via San Antonio, TX
9,851 posts, read 13,698,680 times
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Quote:
Originally Posted by homeinatx View Post
What's going on in downtown today? A huge amount of construction. Never have there been so many cranes in downtown Austin...
Maybe they got all their permits approved and can start working?
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Old 09-01-2020, 12:21 PM
 
Location: Round Rock, Texas
13,448 posts, read 15,481,027 times
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Quote:
Originally Posted by 10scoachrick View Post
I hadn't been downtown all year until a couple of weeks ago. Went from MoPac on 5th to the Frost tower then returned to the Mo' on 6th. Looked completely different compared to last year.
sooner or later, there'll be no more room to erect or bulldoze down existing structures. The downtown area is not that large overall..
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Old 09-01-2020, 12:58 PM
 
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Quote:
Originally Posted by riaelise View Post
sooner or later, there'll be no more room to erect or bulldoze down existing structures. The downtown area is not that large overall..
Yeah. Wondering what will happen when that time comes. I do think we are still a decent way from that happening. In Atlanta they basically just developed Midtown which is indistinguishable from Downtown to the naked eye, although is technically not ‘Downtown’. In Austin’s case going north would be hard because UT and the government complexes. They ‘may’ go East but I’m wondering if they may start developing south of the river.
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Old 09-01-2020, 01:01 PM
 
1,534 posts, read 2,772,002 times
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Quote:
Originally Posted by Need4Camaro View Post
I’ve noticed. I can’t help but wonder how that will really turn out in light of the current economic conditions / pandemic...
https://www.kvue.com/article/money/e...f-b8649d4688af

Who knows how long the pandemic will last? Projects that have begun are continuing, including the next two tallest buildings in the MSA. The planning for future ones has slowed down though. COVID might be a blip or more transformative.

But downtown Austin still has the most expensive real estate in Austin by price per square foot, one of the fastest if not the fastest rates of appreciation in the MSA, the most expensive rents, the highest concentration of jobs, the highest concentration of amenities. It is and has been for some time one of the fastest growing CBDs in the nation. I don't think the market is the arbiter of everything, but by market metrics, downtown is easily the premiere neighborhood in Austin...

And i don't see that changing anytime soon... The suburban doomsayers are kinda silly. It is gonna take a region wide recession to drag down downtown prices and if that happens its gonna be worse in the suburbs.
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Old 09-01-2020, 01:13 PM
 
11,801 posts, read 8,008,183 times
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Quote:
Originally Posted by homeinatx View Post
https://www.kvue.com/article/money/e...f-b8649d4688af

Who knows how long the pandemic will last? Projects that have begun are continuing, including the next two tallest buildings in the MSA. The planning for future ones has slowed down though. COVID might be a blip or more transformative.

But downtown Austin still has the most expensive real estate in Austin by price per square foot, one of the fastest if not the fastest rates of appreciation in the MSA, the most expensive rents, the highest concentration of jobs, the highest concentration of amenities. It is and has been for some time one of the fastest growing CBDs in the nation. I don't think the market is the arbiter of everything, but by market metrics, downtown is easily the premiere neighborhood in Austin...

And i don't see that changing anytime soon... The suburban doomsayers are kinda silly. It is gonna take a region wide recession to drag down downtown prices and if that happens its gonna be worse in the suburbs.
Noted. Austin as a metro in general overall hasn’t been really impacted much compared to several metros throughout the country. Rents slightly lowered but not much more than that. The one thing that is concerning though is a lot of companies, especially IT, are remote only (some don’t even have an idea as to when they will return to the office) .. and returning won’t be safe en-masse until vaccines are released and even after which will take a considerable period of time before we start seeing sharp declines of the virus.. meaning a lot of offices are going to sit fairly vacant for a considerable period of time. Downtown Austin on an activity standpoint is nothing like it was prior to the Pandemic... ...so I’m guessing I’m just wondering - if the current situation holds out for 2 - 3 years (Spanish Flu took that long in a much less populated nation - albeit we also relied on herd immunity) .. how it will effect current office / commercial space.
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Old 09-01-2020, 01:37 PM
 
Location: Round Rock, Texas
13,448 posts, read 15,481,027 times
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Quote:
Originally Posted by homeinatx View Post
https://www.kvue.com/article/money/e...f-b8649d4688af

Who knows how long the pandemic will last? Projects that have begun are continuing, including the next two tallest buildings in the MSA. The planning for future ones has slowed down though. COVID might be a blip or more transformative.

But downtown Austin still has the most expensive real estate in Austin by price per square foot, one of the fastest if not the fastest rates of appreciation in the MSA, the most expensive rents, the highest concentration of jobs, the highest concentration of amenities. It is and has been for some time one of the fastest growing CBDs in the nation. I don't think the market is the arbiter of everything, but by market metrics, downtown is easily the premiere neighborhood in Austin...

And i don't see that changing anytime soon... The suburban doomsayers are kinda silly. It is gonna take a region wide recession to drag down downtown prices and if that happens its gonna be worse in the suburbs.
Well this suburbanite has no thoughts on the matter whatsoever lol. The pandemic sucks all the way around.

I'd consider a number of Austin areas more premier than downtown. Mt. Bonnell, Clarksville/Shoal Creek area, anything along Lake Travis (78733, 78732, etc.), Westlake Hills, Rollingwood, Great Hills...absolutely stunning natural beauty and architecturally pleasing houses...those neighborhoods to me represent the beauty of Austin. Not XYZ skyscrapers that can be found in urban cities everywhere..
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Old 09-01-2020, 01:42 PM
 
11,801 posts, read 8,008,183 times
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Quote:
Originally Posted by riaelise View Post
Well this suburbanite has no thoughts on the matter whatsoever lol. The pandemic sucks all the way around.

I'd consider a number of Austin areas more premier than downtown. Mt. Bonnell, Clarksville/Shoal Creek area, anything along Lake Travis (78733, 78732, etc.), Westlake Hills, Rollingwood, Great Hills...absolutely stunning natural beauty and architecturally pleasing houses...those neighborhoods to me represent the beauty of Austin. Not XYZ skyscrapers that can be found in urban cities everywhere..
Technically I’m considered a millennial but I’ve never had the desire to live in the core of any major city. I definitely see the value but it’s just not for me. I will forever be a suburbanite.
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Old 09-01-2020, 01:51 PM
 
1,534 posts, read 2,772,002 times
Reputation: 3603
Quote:
Originally Posted by riaelise View Post
Well this suburbanite has no thoughts on the matter whatsoever lol. The pandemic sucks all the way around.

I'd consider a number of Austin areas more premier than downtown. Mt. Bonnell, Clarksville/Shoal Creek area, anything along Lake Travis (78733, 78732, etc.), Westlake Hills, Rollingwood, Great Hills...absolutely stunning natural beauty and architecturally pleasing houses...those neighborhoods to me represent the beauty of Austin. Not XYZ skyscrapers that can be found in urban cities everywhere..
I said by market metrics - i.e. price per square foot. Everything else is kinda subjective...I agree that the lakes and hills in Austin are beautiful

Last edited by homeinatx; 09-01-2020 at 02:05 PM..
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