By now, just about everyone is familiar with the so-called “Texas miracle.” Thanks to consistent job creation and in-migration, Texas ends up on many top-10 lists for job and population growth.
Many times, it’s instructive – and interesting – to delve further into what’s going on in booming states by focusing on certain MSAs. Specifically, two interesting cities to compare and contrast when it comes to growth (both population and multifamily) are Austin and its neighbor to the south, San Antonio.
Linked by Interstate 35, these two cities are less than 80 miles apart; if traffic is flowing well, it takes a little more than an hour to get from the CBD of Austin to San Antonio’s downtown area. Austin is known as the seat of Texas’ government and home to the University of Texas. San Antonio boasts its Riverwalk and the Alamo, an important piece of Texas history.
Read more...A New Take on an Old Tale (of Two Cities)