Downtown Austin Expected To Catch Its Breath Going Into 2018

Developers expect a slowdown in the delivery of projects to the Downtown Austin market over the next two years, a move not unwelcome and described by one developer as Austin’s “chance to catch its breath.”

Long term, Austin’s prospects still look strong, but developers at Bisnow’s Future of Downtown Austin event last week agreed that in the short term easy parcels of land and available methods of financing have gotten harder to find.

This comes in the face of the projected ultimate build-out of Downtown Austin. Ten years ago, council members were talking about how to add 20,000 new residents to an empty Downtown.

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