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Downtown Austin Alliance’s report shows a quick post-pandemic recovery. “Downtown Austin’s housing and office markets have rebounded at an exponential pace,” the report says. “Leasing activity returned to pre-pandemic levels with downtown Austin leading the nation in sublease space absorbed.” The report also says Austin can expect to add 22,000 tech jobs in next five...
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“NAR’s Commercial Real Estate Market Conditions Index is calculated using 25 variables pertaining to the metro area’s economic conditions (job growth, unemployment rate, wage growth), demographic conditions (net domestic migration, population growth), commercial market conditions for multifamily, office, industrial, and retail property sectors (vacancy rate, absorption, rent growth, cap rate, professional/business services, and retail trade...
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“Demand for logistics space continues to grow, due to continued surge in population growth and concurrent increase in tenant’s desire to get ever-closer to their customers” says Brian Brooke, VP of Trammell Crow in Austin. Park 183 will have nearly 1 million square feet in total and is expected to wrap up construction by the...
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Facebook’s stake of Austin commercial real estate isn’t slowing down. The social media conglomerate has leased 589,000 square feet across 33 floors in a new build in downtown Austin. Read more from Bloomberg on Meta’s plans for hire.   https://www.bloomberg.com/news/articles/2022-01-09/meta-expands-in-texas-with-major-office-lease-in-downtown-austin
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You might have seen Hulu’s WeWork documentary by now. After originally being valued at $47 billion, the company is going public this month under “WE”  ticker, being valued closer to $9 billion. Read below to hear what Marcelo Claure, WeWork’s chairman has to say about going back to work and the future of the company....
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The CEO said Tesla chose Austin as the spot for the carmaker’s next US plant because “Austin is a bit like mini California.” According to Musk, he asked Tesla’s team in California what its top choice would be for a new factory — where it would like to spend time — and the “No. 1...
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