From the Ground Up - What is the Future of Central Texas Real Estate?
Thursday, October 15 – We are sponsoring a panel discussion on the future of Central Texas Real Estate.
We have some great panelists and will discuss a wide range of topics.
I hope you can join the discussion.
Hopefully you have already heard, but if you have not, the Austin Business Journal and Bukowski Law Firm are sponsoring a really great group discussion this Thursday, October 15. Its called From the Ground Up – A conversation on the future of real estate in Central Texas.
We have some great panelists lined up and I think it will be a terrific group session discussing many of the challenges and developments facing Central Texas real estate. Besides me, the discussion will include:
· Darin Davis – Principal and Co-Founder of Presario Ventures;
· David Steinwedell – CEO of Affordable Central Texas;
· Jim Young – Managing Partner of Sabot Development; and
· Diana Zuniga – President and Owner of Investors Alliance, Inc.
We have an hour for the conversation so I’m confident we will cover some really interesting areas. The conversation may travel into many different topics, but we think three specific areas we will cover are a) Covid-19, b) affordability, and c) the coming election.
How does COVID-19 Affect Central Texas?
Where else is there to start? It’s the number one issue of 2020 and it affects everything in its path – including commercial real estate. And, as you likely know, how real estate is affected greatly depends on what type of asset we are talking about. That’s why I am so excited to have such a great cross-section of speakers. It will be great to get input from everyone on different asset classes. Because the outlook for retail and hospitality is a lot different than it is for multifamily. And who knows what to make of office?
I’m also very excited to have Darin Davis on the panel. Presario is very active in the suburbs of Austin. And, as we discussed in this blog a few weeks ago, there is much discussion around the country about whether we will see an exodus from the cities to the suburbs. It will be great to get his input on that.
Central Texas Affordability
I’m not sure there has been a bigger topic in real estate the last few years than affordability. It is on the top of almost everyone’s mind – especially the city government.
It’s a great benefit, therefore, to have David Steinwedell on the panel. As you probably know, David has been working to provide significant missing middle income housing to Austin residents. It will be great to have his input on the future of affordability in Austin.
And, of course, Diana Zuniga and Jim Young have to work with governments to get variances for their developments. They will be able to bring that wealth of experience in knowing what is important to the City Council and how that affects development.
How will the election affect real estate?
Its hard to avoid that we have an election in 25 days or so. So what does that mean for the future of real estate? Interest rates are at all-time lows and have been so for a while. Will that change after the election? Will there be another stimulus package and, if so, how will that change tenant behavior?
As you can see, there is plenty to talk about on Thursday. And we are going to have some GREAT panelists. I hope you will all join.
If you have any questions, please call at 512-614-0335.