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DEN Property Group is an innovative, turn-key real estate group that creatively solves our clients' challenges from selling, buying and investing in architecturally-significant, sustainable and luxury...

The Linden Residences

Take Advantage of Pre-Construction Sales

The Linden is a 28-story, contemporary tower that introduces a new concept in inspired living where world-class luxury meets Austin’s artful soul.

Exclusively listed by DEN Property Group

Austin Proper
Hotel & Residences

SOLD OUT

For owners of Austin Proper Residences, with elevated living brings 32 stories of glass and skyline views.

Exclusively Listed by DEN Property Group in partnership with KOR

Bespoke, 2–Story Penthouse at Austin City Lofts

800 W 5th St | No. 1208

Rare opportunity to own in Downtown Austin. The Austin City Lofts are an intimate collection of 82 residences & home to this bespoke, 2-story penthouse w/ 22-ft ceilings & expansive windows. The impre...

Modern Tarrytown Retreat

2207 Sunny Slope Drive

This exceptional modern, new–construction opportunity in Tarrytown is nearing completion. Impeccable design by architects Patrick Ousey and Pam Chandler of the award-winning firm FAB Architecture. T...

Wimberley Sanctuary Along the Blanco River

111 Lazy L Lane

A treasured and exceptional sanctuary with over 700 feet of waterfront with shallow rapids along the deepest end of the Blanco River just moments from charming and artsy downtown Wimberley.

Community First! Village

As a part of DEN Property Group’s relentless optimism and philanthropic commitment to giving back to the places and people who inspire us...

Horseshoe Bay Development Opportunity

164 Acres & Waterfront Access

Final phase of The Trails of Horseshoe Bay with access to hiking trails, horseback riding trails, Lake LBJ, resort & more…

End of Year Texas Economic Review

Posted by Bryan Cady on Tuesday, January 5th, 2016 at 11:04am.

To start the new year, here's a great economic forecast from our friend Mark Sprague, The State Director of Information Capital for Independence Title. This excerpt is specific to Austin; click here to read the entire article.

"...Austin is the last major Texas metro that we will address. Austin cannot continue to grow West due to geography, road infrastructure, and environmental concerns. Do we move east, north or south? Recruitment of new business and organic local growth will be the driver of our city’s economy for the foreseeable future.

Google and Apple have not even begun to hit stride in expansion. Other companies that are moving to or expanding in Austin are Dell /EMC, GMC, Hewlett Packard, the University of Texas medical school, and Emerson Process Management. The potential for continued growth is much greater in Central Texas than the rest of the nation.

The strength of this market is shown by the number of units being brought to the market and absorbed. It is not a secret that Austin has the most expensive housing costs in the state of Texas, and this trend will continue in a slower fashion, even as more supply comes online. While the median household income can still buy a median-priced home in areas surrounding Austin, home values in the core are well out of range for many would-be homeowners. As a result, demand for apartments in these areas has risen significantly as residents seeking to locate near popular employment and cultural districts choose to rent in lieu of homeownership. This is apparent as we see 10,800+/- units brought to the market, following 12,100 in 2014. That type of growth and development has not been seen since the late 80’s in the Austin area. Yet concessions are few, and rents continue to rise, although slower.

The Liberty Hill, Cedar Park, and Leander areas are experiencing rapid growth because they have some of the last affordable, developable land available. Home sales in the $400K to $700K will be the most difficult to move for sellers. Values will continue to improve, just not as aggressively. As a smaller builder, I would stay focused on value for the dollar and keeping labor happy as competition continues to battle for their services. The ability to build entry level homes will present opportunity for large market share for those builders who can do so.

The demand for office space is apparent with the number of construction cranes dotting the landscape. In 2015 3.5 million square feet will be completed, which is the largest amount of space delivered since 2007. Last year, office inventory rose by 1.1 million square feet. The strong demand has kept occupancy in the low 90% range, and rents continue to escalate.

We started this conversation concerned with the cooling of the regional market. Yet, if we look at the numbers, the continued pace of sales and values should continue. All this positive news actually scares me a little, since in my lifetime I have never seen Austin or Texas with this level of potential and few clouds on the local horizon. Time will tell."


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