John Scoblick

AUSTIN, TX—Austin is one of the fastest growing areas in the country, but as a result, has a real transportation challenge ahead of it. Capital Metro's Austin In Motion study found that congestion/traffic is the most serious problem that has come from fast growth in the Austin area, according to 70% of respondents. There is simply not enough capacity in the current transportation system to accommodate the vast growth.

Looking ahead, Austin's transportation infrastructure will be a threat to its future economic growth, which could have a softening effect on the office market. Austin desperately needs vast improvements in the capacity of roadways and mass transit, according to a fourth quarter office report by Savills Studley. The quarterly report is a compilation of office leasing statistics and trends, major transactions, submarket comparisons, employment trends, and investment and development trends specific to the Austin region.

John Scoblick, corporate managing director, Savills Studley tells GlobeSt.com: “Our inadequate transportation system and the resulting congestion and traffic is recognized by the majority of Austonians and business leaders as the number one issue facing the city as a result of the cities fast growth. Left unchecked, it will impact the status of Austin as a leading office market and jeopardize its continued growth and quality of life. Unlike what Oracle recently announced in developing a new Austin office project and acquiring nearby apartments for their employees use, this is not a solution for most companies. A long-term transportation solution will require a most comprehensive and expensive plan.”

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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.

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