Downtown Austin Alliance releases 2023 State of Downtown report

by The 100 Companies June 5, 2023

June 5, 2023

The Downtown Austin Alliance has shared its State of Downtown report annually since 2019. (Image courtesy of the Downtown Austin Alliance)

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.