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Tesla announced last month that Austin, Texas, would be the automaker’s next production: the “Gigafactory”, which will produce its Cybertruck and semi-trailer, as well as its Model 3 and Model Y vehicles.
The huge facility, which is already emerging from the flat, will also employ some 5,000 people, adding more influence to the appeal that the state capital, Lone Star, has long had for young technology and millennials, many of whom flee overcrowded. very expensive markets such as San Francisco and New York.
To take a look at what Texas Gigafactory for the genuine Austin real estate market, we turned to Ari Rastegar from Rastegar Property Company, which has already acquired 11 homes there this year.
The Austin-based company, based in Rastegar, says it “specializes in obtaining complex or low-priced assets with pricing opportunities through repositioning, remodeling and/or operational efficiency.”
The company has co-invested or owns and operates more than 13.8 million square feet of real estate in projects in thirteen states and 35 cities. Ari Rastegar has a lot to say about his hometown, Austin.
When you look at the trend of giant corporations making an investment in Texas, which includes Google, Apple, Dell, Oracle, and Facebook, all of this combined indicates the strength Austin is becoming. With this new Gigafactory from Tesla, Del Valle will be one of the fastest developing cities in the United States.
Those who know Texas will see the similarities with Kyle, Texas. Both towns are very close to the city, which has a huge perspective of residential growth, followed by advertising houses, commercial houses and all kinds of mixed-use houses.
Having the commercial component with Tesla and the labor that will want to come to the region will only strengthen Del Valle’s expansion, as in Kyle. In addition, all corporations that Tesla, and all the auxiliary mechanical portions that move into the structure of Gigafactory products, will contribute to an uptick in jobs as well as genuine real estate costs in spaces that did not have one in the country. . Past.
In Austin, the next to State Highway 130 is already experiencing a large-scale resurgence. We have already noticed a plan for more than 10,000 proposed roofs or are already underway in this corridor. There is no doubt that the region will continue to grow enormously over time.
We believe that all this recent activity will become Austin’s commercial backbone.
More and more commercial developers are interested in this area. Although it’s just outside Austin itself, it’s close, and further south on 130 provides perfect airport access. As the demand for distribution and logistics in the source chain increases, in addition to being close to the airport, this room is ready for this type of development.
Millennials are tenants and in booming economies, like Austin, although very well diversified, other people need to have a price in their space, while they are close to all attractions. Therefore, it is imperative to locate well-located apartment complexes near primary developments, where we can offer a higher price to our end user.
By improving the point of appliances and renovating interiors, investors can create anything price at a lower cost, and that’s what stimulates long-term pricing.
Especially now, while designing a post-COVID-19 market, vintage-style apartments are a wonderful choice for investors. Tenants enter the apartment from the outside, a funnel hallway, which increases the non-public safety of contact with others.
Usually, those vintage-style apartments are just two- or three-story structures. Given the limited number of other people living on the premises, these apartments have an inherent social estrangement component that much more affects security. Tenants also have the feeling of security every day as they walk to their apartment door with new air, rather than being crammed into an elevator that climbs into a giant skyscraper.
Because of the pandemic and expanding painting opportunities at home, young professionals and families are exploring outdoor living in America’s largest cities.
With more area and a lower burden of life, the suburbs are adapting to those of the rental market displaced by the pandemic. Due to considerations of crowded public transit and tight housing areas, many are considering moving to other parts of the country.
Especially in the Sunbelt regions, we are seeing renewed interest in giant corporations that are creating new employment opportunities and reducing the burden of life, encouraging other young people to move away from historically popular cities.
Investors seek to take advantage of the opportunities created through the pandemic gaze of the Sunbelt to capitalize on this trend as it begins to take off.
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