The city's central location and land availability make it easier to find and buy reasonably priced lots for developers.
Austin has been ranked as one of the best cities to live in the U.S., and it continues to be a great spot for commercial real estate investing. Rental rates and property values remain exceedingly high, and the high-earning workforce can afford high prices and great amenities. Austin also features a robust job market, extremely high population growth, booming career opportunities, and highly educated residents. The city's central location and land availability make it easier to find and buy reasonably priced lots for developers. New construction is taking over downtown and in the larger metropolitan areas as the city strives to accommodate more businesses and residents.