Austin Monitor’s Chad Swiatecki reports on ULI Austin’s January Breakfast:

Members of the Austin real estate and development community got a look Wednesday at how unstable many local arts and cultural organizations are – and how they are being threatened by the growth pressures in the city’s hot market for commercial space.

Urban Land Institute Austin’s monthly breakfast panel was focused on how to preserve the city’s cultural assets, which for more than a decade have been facing rent increases and development pressures that make it difficult to hold on to offices and performance spaces. Panelist Anne Gatling Haynes, chief transactions officer for Rally Austin, said that a recently concluded affordability survey of local creative organizations found that one-third of respondents have a lease that’s set to expire in 18 months or less. That short runway is seen as a threat for organizations’ long-term planning, especially with commercial real estate still costly throughout the area.

Read the full article at this link.

ULI Members can login to Knowledge Finder to view the breakfast video.