Investors are active throughout the quality spectrum.
AUSTIN, TX—Corporate expansions have intensified, elevating job creation, generating demand for office space and sparking a construction boom. In addition to the economic drivers Apple's campus has brought to the market, other major technology firms have made announcements, such as Interactions and Visa. All of the employment announcements have developers bullish; with the 4 million square feet of office space in the metro the highest total on record since at least 2007, says a report by Marcus & Millichap Research Services.
Nathan Smith of Austin Tenant Advisors tells GlobeSt.com: “Job growth is strong, businesses in many industries appear to be thriving, and according to Census data, we have over 100 people moving to the Austin metro area every day. What that means is that finding office space to lease in Austin is getting harder and harder.”
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
