Forbes placed Austin on the 19th position on the list with best places for business and careers, right after San Francisco. Its major industries—technology, pharmaceutical and biotechnology—attract every day hundreds of people to relocate in the metro, heightening demand for housing in a market where inventory is scarce.
According to data provided by Marcus & Millichap, employers created 7,000 job openings in Q1 2015, while more than 29,000 people were hired in the past 12 months. This is a 3.3 percent increase from the previous year. 8,100 positions were opened in professional and business services industries, followed by trade, transportation and utilities with 5,600 jobs added to the market. By the end of 2015, 30,500 new jobs are estimated to be created in the metro.
Read more...Market Snapshot: Austin Apartments In Demand | Multi-Housing News Online
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