Q1 is officially over. Let’s compare how Q1 of 2025 has compared to Q1 of 2024. Total transactions increased from 34 to 43 closings. Days on market have increased from 94 to 148 days. The closed median $/SF has increased 3.5% from $774/SF to $801/SF.

• Wilson Tower has been delayed - might be obvious but the condo tower proposed on E 5th St at the old Avenue Lofts is waiting for conditions to improve (costs come down or rental rates to recover.

• Royal Blue on Congress Ave to close - lease was not extended due to high interest in the location. Royal Blue has been running at 60-70% of pre-pandemic revenue. Fresh, healthy food concept out of NY, will be first of it’s kind in Austin

• Belvedere condo project breaks ground - located in Clarksville near Better Half Coffee and Hold Out Brewery, completion date estimated for Aug 2027. Be the first in the sales office, reach out if you’re interested.