A recent study of real estate investors finds that Austin is seen as the second-most-attractive market in the U.S. for those looking to maximize their return on investment. Moving Feedback’s new Empty Lot Index ranks Austin second behind Tampa, Florida, as the city with the greatest potential for “remarkable” real estate growth. The survey of 3,000 prospective investors was based on the prospect of developing an empty 1-acre parcel of land anywhere in the country, with the report noting: “Austin pulses with economic energy, powered by a diverse engine of technology, healthcare, and entertainment.” Nineteen other Texas cities earned a spot on the list, with San Antonio at No. 9, Edinburg at No. 10, and Sugar Land at No. 20.
Elizabeth Pagano is the editor of the Austin Monitor. More by Elizabeth Pagano