Kelly Legal Group Predicts Austin Will Remain The Commercial Real Estate Market Leader in U.S
A March 2021 survey by AFIRE, a group for international investors, shows that nearly a quarter of foreign investors have ranked Austin as the top spot for their commercial investments this year. And this Texas city ranked in the top three of even more investors.
AUSTIN, Texas, Sept. 20, 2021 /PRNewswire-PRWeb/ -- Home sales in Austin are soaring, with the median home price rising above $550,000.00 - a price this area has never seen before. It's no wonder why it has caught the attention of foreign investors who seem to be targeting apartment buildings and warehouse landings as their top investments, though not limiting their options.
Since the beginning of the year, the real estate growth in Austin has been breaking all-time records in cost and number of homes sold. When compared with the stagnant market of 2020 due to the coronavirus pandemic and the many shelter-in-place orders, sales are up 30-50% - or more. This is both proof of a great recovery and a sign of future growth in the area.
A pandemic-driven trend of people moving out of heavily-populated urban areas and moving more toward tertiary cities like Austin has likely sparked much of this interest. The population here has grown considerably over the last year - and more than 579,000 in the last decade according to the U.S. Census Bureau. Investors - especially foreign investors - pay close attention to these trends and are hoping to capitalize on them.
Austin has been a tech hub for many years, but Apple's new headquarters will be opening its doors in the city in 2022 - which only adds to the fire. So, as the real estate market soars and rent and lease prices increase, foreign investors are honing into what is sure to be some profitable changes in the U.S.
About Kelly Legal Group, PLLC
Kelly Legal Group, PLLC handles all aspects of real estate law, both residential and commercial. Their services include, but are not limited to, handling the buying and selling of real estate, residential and commercial leases, foreclosures, appealing tax assessments, zoning laws, deed transfers, contract disputes, and all legal documentation necessary.
Practice areas include:
Real Estate Law
Business Law
Personal Injury Law
Criminal Law
Aviation Law
Construction Law
Family Law
Will & Estates
To learn more about their wide range of services, visit https://www.kellylegalgroup.com/
The Kelly Legal Group, PLLC
4934 West US Highway 290 Sunset Valley
Austin, Texas 78735
(512) 505-0053
Media Contact
Jeff Kelly, Kelly Legal Group, (512) 505-0053, [email protected]
SOURCE Kelly Legal Group
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