Austin has the 3rd most active real estate market in the U.S. within the last decade
A new report has discovered Texas cities hold the top five most active real estate markets in the country, with Austin landing in third place. The study by storage marketplace StorageCafe reflects the city's resiliency over the last decade after a recent reported plummet in Austin's quality of life.
Austin had the third highest number of single-family home permits between 2013 and 2022, totaling 37,000 units. At the same time, the city also permitted over 98,700 new multi-family/apartment units. The massive influx of housing ultimately adds up to an impressive national surge.
On the industrial end, the Texas Capital also took the No. 3 spot in the country for the most square feet of new industrial space construction. Nearly 25 million square feet of new office space was erected in the last decade, further solidifying the city's standing as a top destination for business.
Outshining Austin in the list of real estate growth is Houston(No. 1), with 55,600 single-family homes permitted between 2013 and 2022, and nearly 90,000 multi-family units. San Antonio (No. 2) also outranked Austin with 34,000 single-family units and 8,500 new multi-family units.
The real estate markets in Fort Worth and Dallas respectively round out the top five.
The cities that complete the top 10 include:
- No. 6 – Phoenix, Arizona
- No. 7 – Jacksonville, Florida
- No. 8 – Las Vegas, Nevada
- No. 9 – Denver, Colorado
- No. 10 – Oklahoma City, Oklahoma