The report made predictions regarding jobs, the housing market, residential leasing,
commercial real estate, and retail profit margins.
The findings include:
- 8,500 new jobs by Aug 2009
- Austin area residential home sales will pick up much faster compared to other metropolitan markets
- Constructions in the new builder sectors will decline due to the inability of some to get new loans; should last until fall.
- Rental rates for apartments will be
low. Occupancy rates will expected to be around 90.4%
- Commercial office construction will have little activity, so as the economy starts to improve mid-2009, there will be higher rental activity.
- Downtown big brands, such as
REI and
Whole Foods which have been successful will have a difficult time in 2009.
