Jacob’s Downtown Update

Data Dive

The Independent has seen the most growth over the past 5 years than all other condo buildings in downtown Austin. The 5 year adjustment was 50.26% or 8.48% year over year for the building. The rest of downtown still saw an impressive 43.23% over the 5 years and 8.06% year over year. See active Independent listings here.

Downtown Market Biweekly Snapshot (Last Update)

203 Total Active Listings (192) +6%

25 New Listings (21) +19%

25 Pending (26) -4%

7 Closed (10) -30%

*more supply hit the market with less absorption

Stay in the Loop

• Future of Downtown - This Wednesday evening, the Downtown Alliance will highlight their findings in their annual State of Downtown report for 2024 that features development, employment, culture, mobility and more! Come, I will be there!

  
  

• After-hour activities driving downtown economic resurgence - cell phone activity data found that economic diversity — including entertainment, restaurants, retail and tourism — is playing a huge role in the post-pandemic urban recovery.

  
  

• Ritz-Carlton Hotel likely not going to happen for a long while, if so - outside of economic slowdown and reduction in development starts, this developer is dealing with legal issues and a whole lot of mess in his Nashville projects.

  
  

A Recent Snapshot

Rainy open house views from this awesome corner unit at 360 Condos

Reply to this email or give me a call to discuss more about downtown!

Jacob Hannusch

(512) 718-1600

Jacob@JacobInAustin.com

Real Estate Agent Specializing in Downtown Austin