Urban Land Institute Issues Best-Ever Assessment for Austin Real Estate
Over the past four years, Austin real estate has garnered strong forecasts in the Urban Land Institute’s “Emerging Trends in Real Estate” annual reports. The report is a summary of data collected from real estate investment experts around the world. It’s prepared in association with PricewaterhouseCoopers, which focuses on audit and assurance, tax and consulting services. In 2015, Austin real estate has been ranked as the country’s second-best real estate market.
Specifically, Austin real estate ranked No. 2 for investment, No. 4 for development and No. 1 for homebuilding. Austin’s real estate market also ranked No. 1 for office investment and development.
"Austin has been a favorite of survey respondents for a number of years," the report states. "Survey respondents and interviewees like the industrial base, the appeal to the millennial generation and the lower cost of doing business in Austin."
ULI and PwC also explained that “‘Emerging Trends in Real Estate’ is a trends and forecast publication now in its 36th edition, and is one of the most highly regarded and widely read forecast reports in the real estate industry. ‘Emerging Trends in Real Estate’ 2015, undertaken jointly by PwC and the Urban Land Institute, provides an outlook on real estate investment and development trends, real estate finance and capital markets, property sectors, metropolitan areas, and other real estate issues throughout the United States and Canada.”