Austin is Hot

[Jon Klaus]

http://www.bizjournals.com/austin/news/2012/02/23/forecast-austin-job-growth-revs-up.html?ana=lnk

Some highlights:

19,000 new jobs are expected this year after 13,000 last year.

Unemployment rate could drop below 5% in a year.

Office space is at an 88 percent occupancy rate and rising with very little new coming on line this year.

Retail is at 94 percent occupancy. Only 400K square feet coming on line this year. That's about the size of one large Ikea.

Last year, about 39,000 people moved to Austin. Expectations for this year, 42,000, and 48,000 more in 2013.

The 2010 census showed population of 790K, so the current growth is over 5% per year. How many other top 25 cities are even close to that?

What would be your investing approach in Austin?