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HGC’s Class-A Multifamily Development Project in Austin, Texas starts the construction.

December 20,2024

The Class-A Multifamily Community will be nestled in the Southwest Austin with the convenient access to the downtown Austin via the major highway 1626 and connector road SH-45. The prime location provides residents with the perfect blend of suburban tranquility and urban connectivity, surrounded by Menchaca neighborhood, an entertainment district known for its restaurants, bars and dog-friendly parks.


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Austin area has been a hot market for multifamily development in recent years. The vibrant labour market in Austin continues to thrive with a robust growth rate of 2.7%, outperforming the national average. Austin's repuation as a tech powerhouse and its impressive job and population expansion have attracted a highly educated and skilled workforce, driving this upward trend.


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Texas provides one of the most favourable tax environments in the country - with no state corporate or income taxes - leading to reduced operating costs for businesses when compared to other states.


The rental market in Austin continues to thrive, boasting a solid and steady growth rate of 2.9% year-over-year on lease renewals. Impressively, the monthly lease renewal rate in the city stands at a remarkable 55.5%, a clear indication of the high level of resident sactisfaction and retention in multifamily properties.



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