Almost a quarter of Austin-area office space sits empty, but the news isn't all bleak
Across the Austin region, the office vacancy rate had hit almost 24% by the end of March, up from 20.6% a year ago, according to CBRE.
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Across the Austin region, the office vacancy rate had hit almost 24% by the end of March, up from 20.6% a year ago, according to CBRE.
"There is reason for all of us to feel good about where we are," said Eldon Rude, a longtime Austin-area housing market analyst.
The new-home market in the Austin region is poised for growth in 2024 if mortgage rates improve – Ben Caballero, CEO, HomesUSA.com
Experts say declining home home prices are a sign that the Austin market, where prices had been rising at an unsustainable pace, is stabilizing.
The median sold price in the Austin region was $450,000 in January, down 6.3% year-over-year; it declined 4.6% in the Austin city limits to $525,000.