All Forum Posts by: Neil Narayan

Suburbs across Texas remain the fastest-growing parts of the state, according to new population estimates released by the U.S. Census Bureau Thursday.

The estimates show Georgetown and Kyle are the two fastest-growing cities in the country with populations greater than 50,000. Georgetown grew at a rate of 10.6% between July 2022 and July 2023. It’s the third year in a row that Georgetown has grown faster than any other city in the country.

Kyle grew at a rate of 9.1%, while Leander ranks fourth nationwide, with a growth rate of 7.6%. Conroe and New Braunfels also appear in the top 10 list.

Rental market usually slows down around the holidays but i am starting to see it pick back up again. Also lots of apartments were providing really good incentives to fill out their units which added to the competition. But as you mentioned if you have good schools and are priced well you should be able to rent it out easily as there are still tons of people moving to Austin.

North Austin is close to more Tech employers so i see a lot of folks buy and lease out there. In general the closer you are to the city center usually the better it is. Based on your budget you may have to be a lil further out if you want new construction. Areas such as pflugerville, round rock east, georgetown, leander or libery hill.

thanks Neil (https://www.zillow.com/profile/neilnarayan/)

Hey @Wendy Papasan, I took a class from you at KW back in the day when i was starting out :)

Dubbed the "New Hope" project, the development is a joint venture of three Austin-based real estate firms — Cordova Real Estate Ventures, Riverside Resources and Live Oak — at the northeast corner of U.S. Highway 183-A and New Hope Drive. The $250 million project is expected to total at least 430,000 square feet of industrial space, along with potentially 29,000 square feet of retail space.

https://www.bizjournals.com/austin/news/2023/09/01/new-hope-...

I would recommend New Braunfels as well. It's location between SA and Austin make it ideal with all the development happening along I35

I started out as an investor and then got my license. Good thing is that you learn a lot as a real estate agent, bad news is that if you are good you will be too busy helping others and won't get to put in as much time into your own investment search lol

Tesla Inc.'s footprint is spilling over into Hays County as the electric-vehicle maker plans to lease warehouse space south of Austin.

The Austin-based manufacturer will lease three of the five buildings in the new Kyle/35 Logistics Park, which is a 1.4-million-square-foot development along the interstate near Logistics Drive and South Goforth Road, Mayor Travis Mitchell said Aug. 22 during his State of the City address. Tesla will use the space, which is about 35 miles south of the company's billion-dollar gigafactory, for warehouse storage and light assembly, he said.

https://www.bizjournals.com/austin/news/2023/08/22/tesla-kyl...

The Domain area, aka Austin’s second downtown, is the geographic center of the developed Austin metro area, thanks to Williamson County’s housing boom. Downtown Austin is actually on the southern end of our built-out metro.

Some experts have told me that The Domain area could eventually eclipse downtown Austin in size, weight and height. That remains to be seen. But to be sure, we are in the infant stages of developing twin cities within one city. We're beginning to see two distinct downtown-like skylines already.

Recently, city officials revised zoning rules in The Domain area to accommodate buildings up to 45 stories tall. North Austin City Council members promise to loosen restrictions on building sizes even more soon, allowing, as Council Member Leslie Pool puts it, developers to “punch through the ceiling and go even higher.” The Domain area has just as much going for it as downtown — perhaps more when one considers the available workforce, a bigger footprint for towering structures and amenities such as light rail.

https://www.bizjournals.com/austin/news/2023/04/26/letter-fr...

I love that area :)