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Businesses and high-net worth individuals are ditching former coastal properties in favor of Austin where the tax incentives are too good to pass up, in an uptick since the start of COVID-19.

The credit provides $1,000 or $2,000 to contractors or developers for newly built or substantially renovated energy-efficient residential dwelling units that are purchased, leased or rented from the contractor and used as a residence.

San Francisco echoes many US markets in the dichotomy of upper-end product versus entry-level housing, with single-family prices rising 5.2% to $1.66 million from $1.5 million last year, according to Compass.

Jack Chandler will actively assist in selecting investments for CrowdStreet funds and will directly contribute to the overall investment strategy.

The brokerage firm is looking to make life easier and more enjoyable for the growing number of employees working remotely, as well as the few who have to return to their office.

Approximately $600 million of previously announced capex spending in 2020 will be deferred as owners make difficult choices between investing in existing assets, forgiving rent and making debt service payments.

Homebuilders and master-plan developers are buzzing, especially in suburban markets such as the tech/creative industry hub of Austin where there is a surge in buyers from both the urban core and out of state.

Businesses are displaying creativity and resilience in finding solutions, and landlords are helping to make lemonade from the lemons of a soured economy, according to retail broker/adviser Maven Commercial.