More Capital Migrating to the Capital City

During the first quarter of 2012, $50.3 Billion in commercial property traded in the US, according to Real Capital Analytics, with a majority of capital moving into Class A properties in the major metropolitan markets.  As prices continue to rise for premium product in those major markets, investors are beginning to look toward secondary markets for higher-yield opportunities.  With the incredible renter demand for apartments in Austin, and very limited new supply, the Capital City is beginning to attract more investors, particularly in the multifamily sector.

For more, read this article from National Real Estate Investor : ‘Investors Pay Top Dollar, Cap Rates Continue Falling’

For additonal market information in Austin and Central Texas, contact Joe James or Kent Myers at 512-338-7800.

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