Q3 2019 | Austin Office | Research & Forecast Report

Construction continues as tech companies keep taking space in Austin
By: Colliers International | Austin
 
HOUSTON - Oct. 25, 2019 - PRLog -- Boots On The Ground Commentary by Volney Campbell (https://www2.colliers.com/en/experts/volney-campbell)

Our "Boots on the Ground" viewpoint is the voice of our experts, who have broken down the market data and compared it to what they are seeing for themselves. This is their take on what the numbers actually mean for the Austin office market.

In traveling around the country on business it seems if almost everyone is at least familiar with Austin and many know a great deal about the city and its growth. So well published has our meteoric rise been from a small government city 30 years ago, to approaching tier one status as a technology hub, I guess I should not be surprised. Recently, more questions are surfacing about where I see Austin in the future and is it due for a setback?

It's not hard to find locals that think the Austin they knew is already a relic of the past. Gone are the empty freeways at rush hour, and their favorite music venue has recently closed, so to them Austin will never be the same. News Flash: every city evolves. They all change and morph as technology, jobs and the people that define the city change. Even though I wish traffic was better, I believe Austin has a great future ahead.

Demographers believe that Austin will top 3 million people in the SMSA by 2027, led by... Click here to read the full report: https://www2.colliers.com/en/Research/Austin/2019-Q3-Office-Austin-Report

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Tags:Market Report
Industry:Real Estate
Location:Houston - Texas - United States
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