Area Overview

Come and discover the very best at Edison. Enhanced by its lush landscaping and modern styling, Edison offers beautiful apartment living close to downtown Austin, Texas. We are just minutes away from local shopping, major freeways, excellent restaurants, and exciting entertainment attractions. From family eateries to fine dining, from unique boutiques to leading department stores, there is something to appeal to every taste and interest.

Apartment Amenities

• Pool Overlooking Downtown Austin
• Rooftop Vista Lounge
• Conference Room
• Spin/Yoga
• Coffee Bar
• Clubroom with Connectivity Lounge
• Courtyard
• State of the Art Outdoor Kitchens
• Bicycle Parking
• Car Changing Stations
• Car2Go Parking
• Luxer One Package Room
• Fitness Center
• Entry Gallery
• Dog Park/Dog Washing Station
• Future Resident Parking

Popular Trends

Population trends in the US are most favorable for Southwestern States, and Texas in particular. Since the 2010 US Census, Southwestern cities of greater than 200,000 people have grown by 10% on average. This compares to growth of 7.8%, 2.2% and 3.0% for the West, Midwest and Northeast regions, respectively. Five of the fifteen fastest-growing cities quantified by population growth were located in the South in 2017. Three of the top five fastest growing cities from the Census Bureau were located in the State of Texas. From 2010 to 2020 the Austin MSA’s projected 34.4% population growth was the largest percentage increase of population in the United States. 6.4% of Austin’s residents have not resided in the area for more than 12 months placing Austin 4th overall in terms of destination migration in the United States. 

Demand Growth

According to Transwestern, demand growth in the southern “Texas Triangle” – Houston, Austin and San Antonio – necessitates one 300-unit apartment complex and one 1,000-home subdivision to be completed every week. Austin itself has experienced accelerated growth, and recent initiatives by the city are aimed at developing the outlying submarkets as lifestyle destinations.

Development Attractions

Development has shifted to outer limits of Austin proper – the go-between Downtown and Austin suburbs. The transformation of south and east Austin is well underway as Downtown becomes increasingly crowded. Dubbed “Silicon Hills,” there’s no doubt that Austin has become the darling for tech companies due to the business tax incentives and large pool of talent coming out of University of Texas and other Texas schools. Even more telling, Austin is full of “Texas Transplants” – people from either coast flocking to Austin as living expenses in their home regions escalate. Austin represents an ideal balance between a progressive, modern city without the exorbitant cost of living. 60% of the population is under 35, and income has grown 15% in the last 5 years. The demand for luxury housing is high, and de velopers simply cannot keep up with the pace.

Area Demographic

Dubbed “Silicon Hills,” there’s no doubt that Austin has become the darling for tech companies due to the business tax incentives and large pool of talent coming out of University of Texas and other Texas schools. Even more telling, Austin is full of “Texas Transplants” – people from either coast flocking to Austin as living expenses in their home regions escalate. Austin represents an ideal balance between a progressive, modern city without the exorbitant cost of living. 60% of the population is under 35, and income has grown 15% in the last 5 years. The demand for luxury housing is high, and developers simply cannot keep up with the pace.

Area Employers

As development continues to move southeast and northwest, many corporations are setting up operations along the Colorado river in the south and at the Domain in northwest Austin. Oracle opened its new state of the art campus on the south side of Lady Bird Lake and currently employs 3,000 with future plans to employ 10,000. Austin has become an emerging tech hot bed and is competing with Silicon Valley due to the business-friendly culture, cheaper cost of living, and amenity-rich cultural centers. Austin has a 2.9% unemployment rate, much lower than the national average of 3.9%. Austin’s employment growth bolstered by tech companies like IBM, Apple, Oracle and 3M boasted the number one spot in 2017 with a 3.6% growth adding over 36,000 jobs. Austin’s employment growth surpassed other tech hubs such as San Jose and Seattle. Jobs have grown an average of 3% annually since 2010 and are forecasted to continue growing at this pace. The following corporations have robust operations in the Austin area.

Area Attractions

South Congress ~1.5 miles away; South Congress is a vibrant neighborhood in Austin. It is a must-see visitor attraction and a popular hangout spot for locals. It has music venues, eateries, boutique shops, art galleries, and more that show off Austin’s unique and fun environment. South Congress has already established itself as the go-to destination for young professionals living around Austin. 

South Lamar ~3.15 miles away; South Lamar is a thriving cultural center of Austin full of music, history, and originality. There are dance halls, music venues, dive bars, and coffee shops such as Radio Coffee and Beer and Gourdough’s Public House that demonstrate the authentic and laidback environment that is often associated with Austin.  As new businesses and events move to South Lamar, it is becoming the destination for millennials. 

Barton Hills ~3.75 miles away; Barton Hills is home to several attractions including Barton Creek Greenbelt nature preserve and the Umlauf Sculpture Garden and Museum. There are over 12 miles of hiking trails that are considered to be the top trails in Austin. The Greenbelt also has gorgeous swimming holes and beautiful limestone bluffs for rock climbing, and it is just minutes outside of the city. 

Zilker ~4.0 miles away; Locals and visitors enjoy 351 acres of the metropolitan park dedicated to outdoor activities.  Amenities include trails, gardens, volleyball courts, natural springs, swimming areas, and many more.  Frequent events such as the world-famous Austin City Limits to the Zilker Park Kite Festival ensure that there is something to enjoy for visitors and Austenites alike.

Market Comparables

According to Transwestern, demand growth in the southern “Texas Triangle” – Houston, Austin and San Antonio – necessitates one 300unit apartment complex and one 1,000-home subdivision to be completed every week. Austin itself has experienced accelerated growth, and recent initiatives by the city are aimed at developing the outlying submarkets as lifestyle destinations. 

Rent Comparables

Sale Comparables

Meet The Sponsor

For more information, please contact:

Ed Nwokedi

Email: ed@redswan.io