Austin sounds the supply alarm

Austin has been in the spotlight for a few years now, having emerged as one of the top relocation destinations during Covid. Much of this was due to tech company expansion and a new work-from-home cohort who sought cheaper prices, more space, outdoor recreation and a solid culture.

All this attention added 121,121 new residents to Austin between 2020 and 2022, a 5.3 percent increase in population, per the Census. Existing and incoming residents weren’t the only ones who suddenly had a newfound, pandemic-prompted appreciation for Austin, however.

Visitors and hotel investors did as well.

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