You already know (and can see and feel) Austin’s rapid growth—but why is it growing so quickly? The State Capitol and University of Texas provide a stabilizing effect to the city, but the technology sector is the rev’ed engine that is driving growth. Austin is far past its “being discovered” stage – the city is now home to a dynamic mix of larger, established tech companies that are experiencing organic growth as well as one of the hottest start-up markets in the country. The start-up scene has expanded beyond tech to biotech and food-related companies. Austin’s strong entrepreneurial base, high quality of life and talented/educated workforce make it an ideal location for established and emerging companies.
Forbes listed our Capitol City as #1 for tech industry job growth during 2004 – 2014 at an eye-popping 73.9% growth, with 53,118 total tech jobs at the end of 2014 (Forbes.com). Technology companies’ influence on the commercial real estate market is palpable - creating robust demand for office space, pushing rents to new highs and driving new construction. Now, more than ever, companies need to make their facility considerations a priority to ensure their workplace meshes with their business goals, company culture, and operational objectives.
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Are you thinking about space for your company? We're experts in representing growth companies — and we love to get creative with real estate solutions. Contact us today and we'll get to work on your perfect office plan.Sources: HPI Corporate Services, Forbes.com, and The Austin Technology Council