The Downtown Austin Alliance revealed findings from its 2023 State of Downtown report during the May 17 “Future of Downtown: Downtown on Demand” event held at Fareground Austin.
Findings of note from the report include:
• Austin leads the nation in the percentage of people back in the office at least three days a week.
• Seventeen real estate projects totaling 5.54 million square feet were delivered in 2022.
• Downtown will add 3,000 hotel rooms in the coming years, or 25% of current inventory.
• Downtown residential projects under construction will add over 11,200 units.
The full report can be found here.