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Tech Cities 2.0: Austin

This Week’s Blog Post

  • Austin’s Office Market Closes Out of 2018 with Strength
    Economy As 2018 came to a close, the performance of Austin’s economy remained rock solid. The area’s unemployment rate of 2.9% is one of the lowest of the top 50 large metro areas in the United States. Additionally, the Austin market continues to generate jobs. According to a recent workforce report by LinkedIn, hiring was up 14.3% between July 2017-July 2018 and the U.S. Bureau of Labor Statistics reports the city added just under 36,000 jobs over that same time period. These strong economic indicators coupled with Austin’s high-quality of living continue to make the Texas capital a popular destination for both corporate relocations and individuals alike. Market Overview The Austin office market recorded just over 368,000 square feet (sf) of overall absorption during Q4 2018. The strongest absorption levels occurred in the highly desirable Far Northwest (FNW) submarket where construction and leasing activity continued to thrive. In the Central Business District (CBD),... Read more »
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