Luxe Austin Homes - business

"Austin saw 'solid' economic activity in 2024 — here's what to expect in 2025"

Posted by Grossman & Jones Group on January 28th, 2025

Austin Business Journal writes, "When asked to sum up 2024, local economic leaders use labels like "solid," a "continuation," and "bright" — healthy, in other words, but not necessarily stellar.

That's because it was a mixed bag, with Austin continuing to search for equilibrium after huge wins in recent years, such as the successful courting of Samsung Electronics Co. Ltd. to Taylor and Tesla Inc. to eastern Travis County.

Central Texas has long been a hotbed for relocations and expansions, starting largely with IBM Corp. coming to town in the 1960s, and continuing with big steps like Samsung picking Austin for a factory in the 1990s. The trend picked up steam and hit a fever pitch during the pandemic, with companies such as Oracle Corp. and…

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"Texas Triangle real estate markets best in U.S. going into 2024"

Posted by Grossman & Jones Group on November 8th, 2023

TheRealDeal writes, "real estate in the Texas Triangle is magnetic, according to the Urban Land Institute.

Austin has the fifth-best real estate market in the nation going into 2024, the Austin Business Journal reported, citing the ULI’s Emerging Trends in Real Estate study, which compiled data and insights from over 2,000 industry experts to analyze shifts in the market and make predictions for the coming year. 

Austin’s ranking, down from No. 3 last year, reflects the city’s status as a “magnet city,” attracting both people and companies. Over recent years, Austin has seen significant investments from major corporations, such as Tesla and Samsung, which have drawn substantial business to the area. 

The city’s industrial sector is thriving,…

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"Austin's economy among fastest-growing in the U.S., new report finds"

Posted by Grossman & Jones Group on October 21st, 2022

Austin American-Statesman writes, "Austin's boom is far from over, as a new report says the metro area has the second-fastest-growing economy in the country.

Austin's estimated regional gross domestic product — the total value of goods and services produced in one year — increased by 4.3% this year, second only to San Francisco's growth at 4.8%, according to the Kenan Institute of Private Enterprise at the University of North Carolina.

The report is the institute's first as a part of its American Growth Project, which aims to provide "up-to-the-minute" economic data for the microeconomies of towns, cities and counties across the country.

Hoping to help government officials and community leaders understand real-time industry trends, forecasts…

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