According to the Austin American Statesman and the Real Estate Center at Texan A&M (boo Aggies!), after two years of steady decline in occupancy rate and pricing in the Austin apartment market, the end of the 2009 saw improvement and 2010 looks to be a strong recovery year for the Austin market. The uptick in prices and occupancy can be partially attributed to the generally strong and steadily-recovering local economy, the fact that Austin has had fewer layoffs than most other major cities, and the general desirability of relocating to Austin. The fact that fewer buyers were purchasing new homes also leads more people to choose apartment living as an alternative, and this probably won’t change much into 2010, although the most recent data suggests that Austin actually had a massive year-over-year increase in home sales in December as well (over 57% according to the Austin Board of Realtors). The major takeaway from all of this: despite the fact that over 4000 apartments were added to the Austin market from June-December alone, more units were actually leased in that period than were built, which is a perfect example of the resiliency and singular nature of the Austin market for rental property and and even better reason to invest in multifamily property in Austin, TX!
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Just north of UT campus in the wonderful Hyde Park neighborhood, duplexes and houses geared towards students are a great alternative to some of the tiny North Campus apartments offered by campus firms. Houses are a great way for your group to share fixed costs, have fun living together, and utilize ample common space for a variety of purposes. This house on Duval Street, offered by West Campus Living, exemplifies what’s great about choosing a house as a UT student - location, features, and cost are all perfect for you and your roommates looking for a sweet pad for next year. Lots of houses in the area aren’t well maintained, have extremely small bedrooms, don’t allow pets, have tiny yards, or don’t feature ample parking for you and your friends. But this house is really something special: keep reading to learn more about this fantastic property at Duval and 46th Street — 4600 Duval.
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This Wednesday, West Campus Living was voted by students at the University of Texas at Austin to be the best apartment locator service in the UT area for the third consecutive time. The UTMost award was presented as part of a special biannual publication of the university’s daily student newspaper, The Daily Texan, which highlights the most popular businesses serving UT Austin. Released on September 23, 2009, this edition honors West Campus Living with the award in the real estate category - businesses that help students and their families find apartments, houses, or condos near UT and in Central Austin - for the third time. West Campus Living has now received this award every time it’s been given since they opened their doors in Summer 2008.
Among the apartment communities that West Campus Living leases to UT students are larger corporate apartments such as The Block, The Quarters, Jefferson 26, The Venue, Jefferson West, Texan West Campus, Texan Shoal Creek, Texan Pearl, The Triangle, and The Gables, as well as newer projects such as The Vintage and West Campus’ only true high rise, 21 Rio. West Campus Living provides online access to information about these and other properties in Central Austin on its website, westcampusliving . com - access is free to all users. “The online search we provide for West Campus and North Campus properties is our way of helping UT students and parents make smart housing decisions and know their options,” says Rojo.
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Just north of UT campus in the wonderful Hyde Park neighborhood, duplexes and houses geared towards students are a great alternative to some of the tiny North Campus apartments offered by campus firms. Houses are a great way for a large group to share fixed costs, have fun living together, and utilize ample common space for a variety of purposes. This house on E 44th Street, offered by West Campus Living, exemplifies what’s great about choosing a house as a UT student - location, features, and cost are all perfect for your group of students looking for a sweet pad for next year. Lots of houses in the area aren’t well maintained, have extremely small third or fourth bedrooms, don’t allow pets, have tiny yards, or don’t feature ample parking for you and your friends. But this house is really something special: keep reading to learn more about this fantastic property at 44th and Red River — 812 E. 44th Street.
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Just a few years back amidst considerable controversy, the Triangle apartments and mixed used development was created right in the heart of Central Austin at 47th and Guadalupe. And now, after a few years of retail development, marketing, and a few hundred satisfied tenants later, The Triangle has emerged as precisely what its designers had in mind: a vibrant mixed-use development close to everything that offers quality residences, excellent restaurants, and a perfect location. The Triangle consists of several large apartment buildings as well as the recently opened Triangle Lofts (upscale residences offering more modern finishes and larger floor plans), retail, condos (coming soon), and green spaces for a total of 120,000 square feet across a 22-acre development site. If you’re looking for a new place you should definitely check out The Triangle apartments!
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Hyde Park is the quintessential old-Austin neighborhood, and its laid-back vibe, beautiful tree-shaded avenues, and wealth of outstanding local businesses make this one of Central Austin’s most desirable residential areas. With beautiful early twentieth-century architecture and a rich history, Hyde Park represents the spirit of Old Austin, and a Hyde Park Home is a symbol of living the good life in Central Austin!
Despite being very densely populated, Hyde Park feels warm and inviting. Almost every home has a porch, and the few apartment and condo complexes are quaint and inviting. The area was laid out by native Texan Morton Shipe in the late 19th century, when Austin was still growing and Hyde Park was on the northern edge of town.
Hyde Parkers are serious about maintaining the historic feel and architectural integrity of the neighborhood. The Hyde Park Neighborhood Association deals with such issues, and also runs an annual home tour, which allows people to check out the amazing historic homes the neighborhood has to offer.
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