Cash Buyers, Ziki & Foxtrot Close

Jun 11

Downtown Austin Newsletter - June 11

Jacob’s Downtown Update

Data Dive

In 2023, ~52% of downtown condo purchases were with cash. Out of the 175 transactions, 90 were paid in cash while the remainder 85 buyers financed the deal.

Downtown Market Biweekly Snapshot (Last Update)

215 Total Active Listings (214) +1%

18 New Listings (22) -18%

9 Pending (18) -50%

8 Closed (10) -20%

*new supply and absorption continue to cool, evening each other out

Stay in the Loop

Ziki Kitchen food trucks shut down with no explanation or insight. Foxtrot suddenly closes and announces they will be bringing back a few of their locations, no update to the downtown location.
Affordable senior housing planned in downtown church parking lot - A five story, 83 unit complex will be placed at the St. Martin’s Lutheran Church’s parking lot located at 1500 Rio Grande.
Q&A with Austin’s architecture firm Michael Hsu Office of Architecture - This design team has been responsible for the design of 44 East, the new Headliners Club, The Kitchen (coming soon at 6th & Guad), and much more in the surrounding area.