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Austin area demographics, and information about companies, industries and markets.

Austin area demographics, and information about companies, industries and markets.

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Austin information Austin information Presentation Transcript

  • PREPARED  ESPECIALLY  FOR KELLER  WILLIAMS Greater  Austin  Chamber  of  Commerce
  • -­County  Region
  • The  Austin  MSA  at  a  Glance Population:    1.7  million Labor  force:        885,803       Highest  per  capita  income  among  Texas   metros Younger  than  the  national  average 70%  of  the  population  is  under  45  (vs.  62%   nationally) Median  age  is  32.2  (vs.  36.7  nationally) More  educated  than  the  national  average 8  colleges/universities:    122,600  students 38.4%  of  the  population  over  25  has  a  
  • Population  &   Economic  Growth Between  1980  and  2009,  the  Austin  MSA   resident  population  has  grown  from   585,000  to  1,705,075 The  number  of  non-­farm  jobs  grew  from   243,800  to  758,200  during  this  period The  Austin  MSA  is  projected  to  grow  to   2,292,737  by  2020 The  Austin  MSA  is  projected  to  add  nearly   112,000  jobs  in  the  next  5  years
  • Economic  Growth  Projections Compound  Annual   Austin  MSA Growth  Rate 2009 2014 Austin Texas U.S. Real  Gross  Product $77.49 $98.50 4.92% 4.71% 3.37% (2000  Dollars) billion billion Population 1,680,000 1,930,000 2.72 1.75 0.93 Employment 818,490 922,260 2.42 2.18 1.39 Real  Personal   $51.14 $65.62 5.11 5.09 3.54 Income  (2000  Dollars) billion billion Retail  Sales $40.00 $60.85 8.75 8.82 NA (Current  Dollars) billion billion Note:    Perryman  predicts    a  return  to  positive  employment  growth  for  Austin  in  2010.     While  employment  increased  3%  in  2008,  it  dropped  by  1%  in  2009;;  an  increase  of  2%   (20,900)  is  expected  for  2010. Source:  The  Perryman  Group,  January  2010.
  • Economic  Growth  Projections Austin  MSA 2009 2010 2011 44,400 51,800 58,600 Population  increase 2.6% 3.0% 3.3% -­2,600 9,200 17,100 Job  creation -­0.3% 1.2% 2.2% Retail  sales -­8.5% 2.4% 4.6% Source:  Angelou  Economics,  January  2010.
  • Best  Performing  Economies 50  Largest  MSAs  Ranked  by  Projected   2010  Real  Gross  Metro  Product  Ch. Real  GMP  Growth  Rates   Employment GMP  2009   Avg Pre-­ (billions) annual,   2009 2010 Recession   Job  Losses   Return  to   2006-­ Peak Peak   2008 Austin $81.6 4.8% 0.5% 4.1% 2008Q4 -­0.8% 2010Q2 San  Antonio 82.3 2.8 0.3 3.7 2008Q3 -­1.2 2010Q3 Dallas-­Fort  Worth 384.8 2.7 -­0.1 3.7 2008Q2 -­2.7 2011Q2 Raleigh 53.8 3.2 -­0.5 3.6 2008Q1 -­4.0 2011Q3 San  Jose 142.6 5.2 -­3.7 3.4 2008Q1 -­5.9 2012Q3 Washington 396.2 2.3 -­1.0 3.4 2008Q3 -­1.2 2010Q4 Los  Angeles 708.9 0.6 -­2.2 3.2 2007Q3 -­6.4 2013Q4 San  Francisco 306.1 1.2 -­2.5 3.1 2007Q4 -­6.4 2012Q4 San  Diego 168.7 2.1 -­1.3 3.1 2007Q3 -­5.9 2012Q4 Houston 407.8 2.8 -­0.2 3.1 2008Q3 -­3.5 2011Q3 Source:  U.S.  Conference  of  Mayors/Global  Insight,  January  2010.
  • POPULATION
  • Population Austin  MSA 1,800,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Sources:  U.S.  Bureau  of  the  Census.
  • Population  Growth 1999-­2009 45% 41.4% 40% 35% 30% 25% 20.5% 20% 15% 10.0% 10% 5% 0% Austin  MSA Texas United  States Source:    U.S.  Bureau  of  the  Census.
  • Population  &  Population  Growth   by  County,  Austin  MSA Williamson 73.6% Travis 30.1% Hays 66.1% Caldwell 20.1% Bastrop 34.5% -­ 200,000   400,000   600,000   800,000   1,000,000   1,200,000   2009 1999 Source:  U.S.  Bureau  of  the  Census.
  • Fastest  Growing  Among Top  50  Metro  Areas Population Growth  2000-­2009 Rank 2009 Difference %  Ch. Las  Vegas  MSA 1,902,834 527,069 38.3% 1 Austin  MSA 1,705,075 455,312 36.4 2 Phoenix  MSA 4,364,094 1,112,218 34.2 3 Charlotte  MSA 1,745,524 415,076 31.2 4 Atlanta  MSA 5,475,213 1,227,232 28.9 5 Riverside  MSA 4,143,113 888,292 27.3 6 Orlando  MSA 2,082,421 437,860 26.6 7 Dallas  MDiv 4,326,384 875,158 25.4 8 Houston  MSA 5,867,489 1,152,082 24.4 9 Fort  Worth  MDiv 2,121,231 410,913 24.0 10 *Austin  is  the  43rd largest  metro  based  on  total  population.  (Ranking  treating  metropolitan   divisions  as  metros.)   Source:    U.S.  Bureau  of  the  Census.
  • Total  Net  Migration 2000-­2008 estimates  for  2000  to  2009  show  that  Austin  continues  to  be   one  of  the  top  destinations  for  migrating  talent.    Among  the  top   50  metros,  Austin  ranks 3rd based  on  net  migration  as  a  %  of  total  population  (18%)* 9th based  on  total  net  migration  (302,560) 3rd based  on  the  rate  population  growth  (36%)* 35th based  on  2009  population  (1,705,075) *The  top  metros  in  these  two  rankings  are  Raleigh  and  Las  Vegas. Source:    U.S.  Bureau  of  the  Census.
  • EMPLOYERS
  • Largest  Private  Sector Employers Dell 16,000   Wells  Fargo   1,455   Seton  Healthcare  Network 9,793   JP  Morgan  Chase   1,400   IBM  Corp. 6,200   Austin  Regional  Clinic   1,320   St.  David's  Healthcare   6,043   Hospira   1,320   Freescale Semiconductor 5,000   State  Farm  Insurance   1,250   AT&T 3,450   Blizzard  Entertainment   1,200   Apple 3,000   Hart  Hanks   1,100   National  Instruments 2,327   PPD  Development   1,100   Advanced  Micro  Devices 2,200   Samsung   1,100   Girling Health  Care 1,952   Farmers  Insurance   1,030   Flextronics   1,875   3M   1,000   Time  Warner  Cable   1,765   Progressive  Insurance   1,000   Whole  Foods  Market 1,685   Trisun Healthcare   1,000   Applied  Materials 1,600   Spansion 1,000   Sears  Teleserve   1,460  
  • Headquartered  in  Austin Active  Power EZCorp Motion  Computing American  Achievement Freescale Motive American  Campus   Girling Health  Care Multimedia  Games Communities Golfsmith  International National  Instruments ArthroCare Green  Mountain  Energy   Netspend CFAN GSD&M  Idea  City Pervasive  Software Cirrus  Logic Hanger  Orthopedic   Rules-­Based  Medicine Citizens Group Schlotzsky's ClearCube Technology HealthTronics SEMATECH Clinical  Pathology  Labs Heliovolt Sheshunoff Information   CompassLearning HomeAway Services Convio Hoover's Silicon  Laboratories Crossroads  Systems Keller  Williams  Realty TECO-­Westinghouse Dell Luminex Corp. Temple-­Inland Dimensional  Fund   McCoy's  Building   ViaGen Advisors Supply  Centers Whole  Foods  Market DMX Michael  Angelo's   Gourmet  Foods
  • Other  Significant  Operations  of   Major  U.S.  &  Foreign  Firms 3M  Co. Emerson  Process   PayPal Affiliated  Computer   Management Progressive  Insurance Services Farmers  Insurance Qualcomm Advanced  Micro   Flextronics Samsung Devices Harte-­Hanks Sears  Teleserve Apple Hewlett-­Packard Siemens Applied  Materials Home  Depot Spansion AT&T Hospira State  Farm  Insurance   BAE  Systems Houghton  Mifflin   St.  Jude  Medical Blizzard  Entertainment Harcourt Sun  Microsystems BMC  Software IBM  Corp. SYSCO Charles  Schwab Intel  Corp. Time  Warner Cisco  Systems Level  3   Tokyo  Electron Convergys Communications Unisys  Corp. Countrywide  Financial Motorola URS  Corp. Computer  Sciences   NCsoft Corp. OneWest Bank Dresser   Oracle
  • Recent  New  &  Expanded   Operations Airborn Farmers  Insurance OneWest Bank  Group Apple Freescale Oracle BAE  Systems Grifols PayPal BancVue Hanger  Ortho.  Group PIE  Screening Bazaarvoice HelioVolt Samsung Blizzard   Hewlett-­Packard SmartSpark Energy   Entertainment HomeAway Systems Borland  Software HosteGater St.  Jude  Medical C-­FAN IBM TeleNetwork Compass  Learning iEnergizer TECO-­Westinghouse   CoreLogic Image  Microsystems Motor  Co. Demand  Media Intel Touch  International Dimensional  Fund   KoMiCo US  Food  Service Advisors LegalZoom U.S.  IRS DMX Motorola Vigil  Games  (THQ) Enfatico National  Instruments VMWare Facebook National  Scooter
  • Recent  New  &  Expanded   Operations 2010  Announcements Jobs Vigil  Games  (THQ) 135 CoreLogic Flood  Services 100 VMware   100 e-­MDs 85 2008  Announcements Jobs Facebook 200 Apple 174 Hanger  Orthopedic Group 250 BAE  Systems 100 HostGator 300 Demand  Media 100 LegalZoom 600 Enfatico 200 National  Scooter  Co. 140 Field  Asset  Services 361 Samsung  Austin  Semiconductor 500 H-­E-­B  Distribution  Center 320 2009  Announcements Jobs iEnergizer 350 BancVue 100 Image  Microsystems 400 Bazaarvoice 120 Oracle 200 Grifols 190 Support.com 100 National  Instruments 100 TeleNetwork 200 OneWest 650 US  Food  Service 160 Touch  International 100 U.S.  Internal Revenue  Service 350
  • Jan  2010 Leading  U.S.  provider  of  orthotic  and  prosthetics Corporate  headquarters  from  Bethesda,  MD 130  jobs  increasing  to  236  jobs Feb  2010 LegalZoom Selects  Austin  for  Regional   Leading  online  provider  of  legal  services Regional  headquarters  expansion  from  Los  Angeles,  CA 600  jobs Mar  2010   Facebook Chooses  Austin  for  1st U.S.  Expansion   Largest  and  most  well  known  internet  company  in  the  world  (400M  users) First  office  expansion  in  the  U.S.  outside  of  CA    (sales  and  operations) 200  jobs  
  • May  2010 HostGator Chooses  Austin  for  an  Expansion   World  leading  and  industry  recognized  hosting  provider 100,000  SF 200  jobs  increasing  to  300  jobs  within  36  months Samsung  Includes  New  R&D  Operation  &  New  Chip   Phase  2  of  the  company's  2.3M  SF  semiconductor  complex $3.6  billion  investment,  bringing  the  total  Samsung  investment   in  Austin  to  more  than  $9  billion 500  new  jobs,  bringing  total  employment  to  1,500  by  next  year June  2010 Move  consolidates  operations  from  Seattle,  WA  and  Nacogdoches,  TX Manufacturing  previously  sourced  to  China  will  be  brought  to  Pflugerville
  • Selected  Major  Technology   Sector  Employers Dell 16,000 Clinical  Pathology  Labs 800 IBM  Corp. 6,200 Cisco  Systems 800 Freescale Semiconductor 5,000 BAE  Systems 600 Apple 3,000 CSC  Financial  Services 588 National  Instruments 2,327 Emerson  Process  Mgt 570 Advanced  Micro  Devices 2,200 Hewlett-­Packard 550 Flextronics 1,875 Oracle 515 Applied  Materials 1,500 Home  Depot  Tech  Center 500 Hospira 1,365 Image  Microsystems 500 Samsung 1,100 Dresser  Wayne 500 PPD  Development 1,100 Silicon  Laboratories 487 3M  Co. 1,000 CFAN 460 Spansion 940 Overwatch Textron  Systems 408 URS  Corp. 900 Sun  Microsystems 400 Intel  Corp. 889 Trilogy  Enterprises 400
  • WORKFORCE
  • Unemployment  Rates 11% Austin  MSA 10% Texas 9% United  States 8% 7% 6% 5% 4% 3% 2% 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010   YTD *Average,  January-­September. Source:  U.S.  Bureau  of  Labor  Statistics,  LAUS.
  • Lowest  Unemployment  Rates Top  50  Metro  Areas Unemployment  Rate Difference Rank Washington  MDiv 5.6% 6.0% 0.4 1 Minneapolis  MSA 7.9 6.4 -­1.5 2 Nassau  MDiv 6.7 6.6 -­0.1 3 Austin  MSA 6.6 6.9 0.3 4 San  Antonio  MSA 6.3 7.1 0.8 5 Virginia  Beach  MSA 6.7 7.3 0.6 6 Baltimore  MSA 7.3 7.4 0.1 7 Richmond  MSA 7.6 7.6 0.1 8 Denver  MSA 8.2 7.7 -­0.5 9 Seattle  MDiv 7.6 7.9 0.2 10 Austin  is  the  39th largest  metro  based  on  total  civilian  labor  force  in  May. Source:    U.S.  Bureau  of  Labor  Statistics,  LAUS.
  • Best  Performing  Among Top  50  Metro  Areas Non-­farm   -­ payroll  jobs Rank Difference %  Ch. Austin  MSA 767,700 4,000 0.5% 1 Washington  MDiv 2,412,700 10,800 0.4 2 Dallas  MDiv 2,024,700 5,600 0.3 3 Nassau  MDiv 1,241,800 2,700 0.2 4 Boston  MDiv 1,664,700 -­700 -­0.0 5 Louisville  MSA 599,600 -­300 -­0.1 6 Baltimore  MSA 1,282,300 -­900 -­0.1 7 Fort  Worth  MDiv 853,300 -­2,200 -­0.3 8 New  York  MDiv 5,116,800 -­14,300 -­0.3 9 Pittsburgh  MSA 1,128,100 -­4,300 -­0.4 10 Austin  is  the  42nd largest  metro  based  on  total  non-­farm  payroll  jobs  in  May. Source:    U.S.  Bureau  of  Labor  Statistics,  CES.
  • Employment  by  Industry Austin  MSA,  May  2010 Construction 38,800   Manufacturing 46,700   Wholesale  trade 36,900   Retail  trade 81,300   Transp,  wrhsing,  &  util 12,600   Information 18,900   Financial  activities 44,500   Prof  &  business  services 105,300   Ed  &  hlth  services 86,100   Leisure  &  hospitality 91,600   Other  services 34,000   Government 171,000   Source:    Texas  Workforce  Commission,  CES.
  • Employment  by  Industry Austin  MSA Government 166,400   Other  services 33,200   Leisure  &  hospitality 83,300   Education  &  health  services 83,300   Prof.  &  business  services 106,500   Financial  activities 43,700   Information 19,800   Transp,  warehousing,  &  utilties 12,800   Retail  trade 82,000   Wholesale  trade 38,000   48,300   2009 Manufacturing 1999 Construction  &  nat'l  res 40,800   -­ 40,000   80,000   120,000   160,000   200,000   Sources:  Texas  Workforce  Commission,  CES.
  • EDUCATION
  • Austin  Metro  Colleges  &   Universities Fall  2008  Enrollments Four-­Year  Institutions The  University  of  Texas,  Austin 49,984 Texas  State  University,  San  Marcos 29,105 5,348 Southwestern  University,  Georgetown 1,270 Concordia  University,  Austin 2,260 Huston-­Tillotson College,  Austin 785 University  of  Phoenix 464 DeVry University 254 Community  Colleges Austin  Community  College,  Austin 35,798 Temple  College-­Tayor Center,  Taylor 671 GRAND  TOTAL* 129,634 TOTAL  ENROLLMENTS  WITHIN  100  MILES 367,800 *Metro  total  includes  enrollments  for  some  2-­year  proprietary  schools  not  listed   separately. Source:    U.S.  National  Center  for  Education  Statistics.
  • Austin  Research  Centers University  of  Texas Annual  research  expenditures  at  UT  Austin   exceed  $527  million The  university  supports  more  than  90   organized  research  units UT  is  the  4th most  patent-­earning  university   in  the  country UT  is  the  national  leader  in  the  number  of   annually  
  • Additional  Major  Universities   within  200  Miles  of  Austin Enrollment   School Location Fall Texas  A  &  M  University College  Station 48,039   University  of  Houston Houstion 56,045   University  of  North  Texas Denton 34,830   University  of  Texas  at  San  Antonio San  Antonio 28,413   University  of  Texas  at  Arlington Arlington 25,084   Sam  Houston  State  University Huntsville 16,662   University  of  Texas  at  Dallas Richardson 14,913   Baylor  University Waco 14,541   Texas  Woman's  University Denton 12,465   Stephen  F.  Austin  State  University Nacogdoches 12,000   Southern  Methodist  University Dallas 10,965   Tarleton  State  University Stephenville 9,633   Texas  Southern  University Houston 9,102   Texas  A  &  M  University-­Corpus  Christi Corpus  Christi 9,007   Texas  Christian  University Fort  Worth 8,696   Prairie  View  A  &  M  University Prairie  View 8,203  
  • OFFICE  &  INDUSTRIAL REAL  ESTATE
  • Real  Estate Occupancy  Rates Austin  MSA 100% Office Industrial 95% 90% 85% 80% 75% 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010   Q1 Source:    Oxford  Commercial.
  • HOUSING  MARKET
  • Housing  Units 1,000 1,500 2,000 2,500 3,000 3,500 4,000 0 500 2005  Jan 2005  Mar 2005  May 2005  Jul 2005  Sep Multifamily 2005  Nov Single  Family 2006  Jan 2006  Mar 2006  May Building  Permits 2006  Jul 2006  Sep Source:    U.S.  Bureau  of  the  Census. 2006  Nov 2007  Jan 2007  Mar 2007  May 2007  Jul 2007  Sep 2007  Nov Housing  Units  Authorized  by   2008  Jan 2008  Mar 2008  May 2008  Jul 2008  Sep 2008  Nov 2009  Jan 2009  Mar 2009  May 2009  Jul 2009  Sep 2009  Nov 2010  Jan 2010  Mar 2010  May
  • Growth  Rates:  Housing  Units   Authorized  by  Building  Permits 30% 28.5% Austin  MSA 20% 16.5% United  States 10% 3.0% 0% -­4.0% -­10% -­9.4% -­20% -­19.2% -­30% -­25.7% -­40% -­35.6% 2008-­2009 YTD  2009-­2010 -­ -­ Source:    U.S.  Bureau  of  the  Census.
  • Valuation  of  New  Housing  Units Authorized  by  Building  Permits Austin  MSA $550 $500 Monthly  average:   2005     $234M $450 2006     $262M   2007 $237M   $400 2008 $154M 2009 $104M $350 2010 YTD $118M Millions $300 $250 $200 $150 $100 $50 $0 2004   2004   2005   2005   2006   2006   2007   2007   2008   2008   2009   2009   2010   Jan Jul Jan Jul Jan Jul Jan Jul Jan Jul Jan Jul Jan Source:    U.S.  Bureau  of  the  Census.
  • Growth  Rates: Valuation  of  Housing  Units  Authorized   by  Building  Permits 80% 61.3% 60% 40% 25.2% 19.3% 20% 10.1% 0% -­6.8% -­7.3% -­20% -­40% -­32.1%-­32.6% 2008-­2009 YTD  2009-­2010 -­ -­ Austin  MSA United  States Source:    U.S.  Bureau  of  the  Census.
  • Home  Sales Austin  MSA  &  U.S. 35,000 8 30,000 7 6 United  States  (Millions) 25,000 5 Austin  MSA 20,000 4 15,000 3 10,000 2 5,000 1 0 0 1997 1998 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Austin  MSA United  States Source:    Real  Estate  Center  at  Texas  A+M  University  &  National  Association  of  Realtors.
  • Home  Sales Austin  MSA 2007-­2008:  Austin  down  20%  &  national  down  13% 2008-­2009:  Austin  down  7%  &  national  down  5% -­ 3,500 3,000 2,500 2,000 1,500 1,000 500 0 Source:    Real  Estate  Center  at  Texas  A&M  University.
  • Year-­Over-­Year  %  Ch.  in   Home  Sales 60% 40% 20% 0% -­20% -­40% Austin  MSA Texas United  States Source:    Real  Estate  Center  at  Texas  A&M  University  &  National  Association  of  Realtors.
  • Months  Inventory  of  Homes  on   the  Market 12 11 10 9 8 7 6 5 4 3 2 1 0 Austin  MSA Texas United  States Source:  Real  Estate  Center  at  Texas  A&M  University  &  National  Association  of  Realtors.
  • Median  Home  Prices Existing  Homes $200,000 $195,000 $189,300 $190,000 $185,000 $179,600 $180,000 $175,000 $170,000 $165,000 $160,000 Austin  MSA United  States Source:    Real  Estate  Center  at  Texas  A&M  University  &  National  Association  of  Realtors.
  • Growth  Rates: Median  Home  Price 6% 4.2% 4% 2.7% 2.3% 2% 0% -­2% -­1.2% -­2.1% -­4% -­6% -­8% 2009  Median  Home  Prices: Austin  MSA   $186,000 -­10% United  States   $172,500 -­12% -­14% -­12.9% 2008-­2009 -­ -­ Austin  MSA United  States Source:    Real  Estate  Center  at  Texas  A&M  University  &  National  Association  of  Realtors.
  • Home  Sales  &  Prices Austin  MSA 35,000 $250,000 30,000 $200,000 25,000 $150,000 20,000 Sales Price 15,000 $100,000 10,000 $50,000 5,000 0 $0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Home  Sales Average  Price Median  Price Source:    Real  Estate  Center  at  Texas  A+M  University.
  • Home  Sales  &  Prices Austin  MSA 32,000 $250,000 28,000 $200,000 24,000 20,000 $150,000 Sales Price 16,000 $100,000 12,000 8,000 $50,000 4,000 0 $0 Home  Sales Average  Price Median  Price Source:    Real  Estate  Center  at  Texas  A+M  University.
  • Median  Home  Prices New  &  Existing  Homes $250,000 Austin  MSA $230,000 United  States $210,000 $190,000 $170,000 $150,000 $130,000 $110,000 $90,000 Source:    National  Association  of  Home  Builders.
  • Average  Home  Prices  2009 $0 $250,000 $500,000 $750,000 $1,000,000 $1,250,000 Atlanta The  subject  home  is  a  single-­family   Austin dwelling,  2,200  sq.  ft.,  4  bedrooms,  2  1/2   baths,  family  room,  &  2-­car  garage  in   neighborhoods  within  a  market  that  is   Chicago* typical  for  corporate  middle-­management   transferees. Denver* Los  Angeles* New  York* San  Francisco* United  States Source:    Coldwell  Banker.                        *Unweighted average  of  multiple  reported  submarkets.  
  • Average  Apartment  Rents 2010  Q1 1  bedroom 2  bedrooms 3  bedrooms Austin  MSA $688 $886 $1,169 Travis  County 696 911 1,233 Downtown 1,445 2,320 3,929 Central  Austin 920 1,262 1,944 North 553 688 878 Northwest  Hills 708 953 1,326 Far  Northwest 693 904 1,213 Northeast 618 780 1,023 Far  Northeast 668 876 1,095 South 683 854 1,055 Southeast 579 740 1,036 Southwest 787 1,028 1,262 Cedar  Park/Leander  (Williamson  County) 670 843 1,078 Round  Rock  (Williamson  County) 650 826 1,036 Northwest  (Williamson  &  Travis  Cos.) 655 851 1,081 Balance  of  Williamson  County 672 828 1,048 Bastrop  County 639 714 977 San  Marcos  (Hays  County) 675 777 1,047 Source:    Austin  Investor  Interests.  
  • Average  Apartment  Rents 2-­bedroom  Units,  2010  Q1 $-­ $500   $1,000   $1,500   $2,000   $2,500   Austin  MSA $886   Travis  County $911   Central  Business  District $2,320   Central  Austin $1,262   North $688   Northwest  Hills $953   Far  Northwest $904   Northeast $780   Far  Northeast $876   South $854   Southeast $740   Southwest $1,028   Cedar  Park/Leander $843   Round  Rock $826   Northwest $851   Balance  of  Williamson  County $828   Bastrop  County $714   San  Marcos $777   Source:    Austin  Investor  Interests.  
  • Downtown  Condominiums Sales   Active   Average   Median   Sold  to   Sales price  per   listings sales  price sales  price list  price SF Jan.-­Apr. 2009 188 20 $351,670 $281,850 $296 92% Jan.-­Apr.  2010 175 47 $361,106 $290,000 $299 94% Note:  The  Downtown  submarket  is  MLK  Blvd.  to  I-­35  to  the  Colorado  River  to  Lamar  Blvd.  to   MLK  Blvd.  This  residential  submarket  is  almost  exclusively  condo.    Market-­wide  the  average   price  of  a  condo  is  $172,585  and  the  median  price  is  $152,650.   Source:    Austin  Board  of  Realtors.  
  • COST  OF  LIVING
  • Cost  of  Living  Index  2009 0 25 50 75 100 125 150 175 200 225 Atlanta  MSA Austin  MSA Chicago  MDiv Denver  MSA Los  Angeles  MDiv NY  (Manhattan) San  Francisco  MDiv United  States Source:    Council  for  Community  &  Economic  Research.
  • RETAIL  SALES
  • Sales  &  Use  Tax  Comparison:  20  Largest  Cities 2010  May %  Ch  from  last  yr 2010  YTD %  Ch  from  last  yr Austin 13,610,355 12.2% 58,652,568 5.6% El  Paso 6,593,737 9.8 29,267,088 4.7 Mesquite 3,621,338 11.0 14,688,088 4.4 Round  Rock 5,610,817 9.0 26,020,736 4.1 Frisco 4,017,244 16.6 16,850,224 4.1 Arlington 8,566,495 11.5 34,775,228 3.7 Plano 6,170,554 12.3 25,337,490 2.8 McAllen 5,256,876 7.9 24,789,569 1.0 San  Antonio 21,004,722 6.3 87,625,660 -­0.1 Lubbock 5,078,118 6.6 21,184,555 -­0.4 Grand  Prairie 3,571,180 -­0.3 14,797,957 -­2.2 Amarillo 5,777,874 7.7 23,966,017 -­2.3 Fort  Worth 9,951,915 0.2 41,638,585 -­2.7 Dallas 21,053,620 4.2 87,218,074 -­4.8 Irving 4,868,669 4.7 18,877,341 -­5.4 Sugar  Land 3,510,812 -­6.2 16,353,779 -­5.9 Tyler 3,223,569 -­2.2 14,491,859 -­6.0 Corpus  Christi 5,390,957 1.1 23,725,667 -­8.6 Houston 47,419,146 3.8 200,202,049 -­9.3 Midland 3,423,685 7.2 14,452,141 -­10.1 All  Texas  Cities 4.6 -­4.4 Source:    Texas  Comptroller.
  • Sales  Tax  Allocations ons $400 City  of  San  Marcos $350 City  of  Round  Rock Austin  MTA $300 City  of  Austin $250 Millions $200 $150 $100 $50 $0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Source:  Texas  Comptroller.
  • Sales  Tax  Allocations City  of  Austin $150 $125 $100 Millions $75 $50 $25 $0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Source:  Texas  Comptroller.
  • RATINGS  &  RANKINGS
  • Austin  in  the  News   Business  Rankings Austin  in  Top  10  of  Forbes Careers.  (Forbes,  4/14/10) Texas  No.  1  among  States  that  are  Very  Friendly  to  Small   Businesses.  (Open  Forum,  4/6/10) Austin  metro  rated  Best  Place  for  Creation  &  Development  of  Small   Businesses.  (Portfolio.com,  1/18/10) Austin  is  home  to  the  No.  3  Cleantech University.    (The  Cleantech Group,  1/4/10) Austin  No.  2  Strongest  Metro  Economy.  (Business  Week,  10/26/09) Austin  named  one  of  79  metros  Where  the  Recession  has  Ended. (Moody's  Economy.com  &  msnbc.com.,  10/15/09) Austin  a  Top  10  Start-­Up  City.  (Entrepreneur, 8/09) Austin  is  the  3rd  Strongest  Metro  Economy  in  the  Country. (Brookings  Institution,  6/16/09) Texas  Ranked  No.  1  For  Business. (Directorship,  6/1/09) Austin  in  the  Top  20  High  Tech  Metropolitan  Areas.  (Milken  Institute,   6/2/09) Austin  is  a  City  of  the  Future.  (fDi Magazine Texas  voted  Best  for  Business.  (Chief  Executive,  3/25/09)
  • Austin  in  the  News   Quality  of  Life  Rankings Austin  is  the  No.  1  Place  for  Young  Adults.  (portfolio.com/bizjournals,   3/15/10) Austin  is  the  Healthiest  Housing  Market  for  2010.  (Builder,  2/25/10) Austin  named  the  Top  City  for  Your  Career.  (Sales  HQ,  8/25/09) Austin  No.  2  Best  City  for  Working  Moms.  (Forbes,  8/4/09) Austin  is  2nd most  affordable  city  in  Forbes (Forbes,  6/29/09) Austin  one  of  U.S.  News (USNews.com,  6/8/09) Austin  ranks  9th on  American  Fitness  Index.  (American  College  Sports   Medicine,  5/26/09) Austin  the  Best  City  for  a  Fresh  Start.  (Relocation.com,  5/21/09) Austin  ranked  11th Best  City  for  the  Outdoors.  (Forbes,  5/12/09) Austin  Best  Bargain  City  in  the  U.S.  (Forbes,  5/09) Austin  one  of  the  10  Best  Cities  of  2009.  (Kiplinger.com,  5/09) Austin  no.  1  Big  City  for  Jobs.  (Forbes,  4/12/09) Austin  comes  in  2nd in  the  top  10  Cities  Where  Americans  are   Relocating.  (Forbes,  3/30/09) Austin  one  of  15  Coolest  North  American  Cities.  (MSN  Travel,  1/22/09)
  • OPPORTUNITY  AUSTIN
  • Peer  Metros Unemployment   Nonfarm  Payroll  Jobs Rate -­ May  2010 May  2010 Difference Percent United  States 9.3% -­0.4% Texas 8.0 0.2 Austin  MSA 6.9 767,700 4,000 0.5 Denver  MSA 7.7 1,181,300 -­24,900 -­2.1% Nashville  MSA 9.0 720,800 -­5,500 -­0.8% Phoenix  MSA 8.7 1,721,400 -­12,000 -­0.7% Raleigh  MSA 8.2 500,600 -­2,900 -­0.6% Not  seasonally  adjusted. Source:    U.S.  Bureau  of  Labor  Statistics.
  • Opportunity  Austin Summary  of  Results 5-­Year 5-­Year Result Goal New  jobs 124,200 72,000 Payroll  increase $5.6 billion $2.9  billion Corporate  relocation   144 100 announcements Out-­of-­region  visits 835 500 Prospect  visits 540 250 Regional  retention  visits 857 475
  • Regional  Issues 2007  Issues 2008  YTD  Issues Prop-­ Non-­ erty   Traffic,   stop   Traffic,   Taxes,   61,   Flights 67,   55,   25% 40 29% 23% 18% Public   Public   Transit,   Transit,   54,   46,   Tech-­ 24% Talent,   Talent,   19% 78,   nical   Talent,   65,   33% Coll-­ 19,   29% eges,   29% 21,   31% Public   Transit,   27,   40% 2008  YTD  Regional   Partner  Issues
  • Opportunity  Austin 5-­Year  Plan Program  Goals: 72,000  net  new  jobs $2.9  billion  net  increase  in  payroll $14  billion  in  GRP
  • Opportunity  Austin Relocations  by  Target  Industry  Sector 2004-­June  2010 Clean  energy 9 Data  center 6 Digital  media 24 Headquarters/regional office 35 Life  sciences 19 Semiconductor 14 Software 21 Wireless 8 Other  IT 12 Other 30 TOTAL 178
  • Origin  of  Corporate  Relocations to  the  Austin  Area  Since  2004 Through  December  2009
  • Opportunity  Austin  2.0 2009-­2013 MAJOR  GOALS In  the  next  5  years: 1. Create  a  net  gain  of  more   than  117,000  jobs 2. total  payroll  by  $10.8  billion
  • Opportunity  Austin  2.0 Five-­Year  Approved  Budget $426,878   $100,000   2.0% 0.5% $1,000,000   $21  Million 4.8% $483,897   Economic  diversification 2.3% $1,362,349   Business  retention  &   6.5% expansion $732,743   Education 3.5% $8,509,907   Talent  attraction 40.5% Improve  transportation   system $6,272,472   29.9% Keeping  Greater  Austin   Great Investor  relations Fundraising  campaign $2,111,754   10.1%
  • Opportunity  Austin  2.0 Comparison  Cities $60 $60.0 $50 $40 $30 Millions $25.0 $20 $22.5 $22.5 $22.0 $21.0 $17.0 $17.0 $10 $0
  • Opportunity  Austin  2.0 Economic  Diversification Convergence  technologies Creative  media Green  industries Corporate/professional  headquarters   &  offices Health  care  &  life  sciences
  • Opportunity  Austin  2.0 Economic  Diversification Target  industries Convergence  technologies Wireless Software Nanotechnology Semiconductors
  • Opportunity  Austin  2.0 Economic  Diversification Target  industries Creative  media Media  development Production Distribution The  marketing  of: Music Film Television Video  game  industries
  • Opportunity  Austin  2.0 Economic  Diversification Target  industries Green  industries Solar  panels Fuel  cells Wind  turbines Electric  cars Clean  energy Green  products
  • Opportunity  Austin  2.0 Economic  Diversification Target  industries Health  care  &  life  sciences Medical  devices Bio-­tech Bioinformatics Bioscience Nanoscience
  • Austin,  Texas A  Beautiful  Place  to  Live