Since 2006, Austin has encouraged development and community engagement to help support a rapidly-increasing population density in and around the downtown area. With approximately 54,000 new residents moving to the city each year, Austin is one of the fastest growing cities in the United States.1,2
As a result of this significant population growth and other aspects of CIM’s qualified community process, we recognized downtown Austin as a Qualified Community in 2006 and identified the need for office space as well as residential and retail projects in the community.