Austin lags far behind other Texas cities for office development

Here’s a stark reminder of the pecking order in Texas when it comes to commercial real estate activity: Austin, Dallas and Houston have added 43 million square feet of space of office space since 2011 but Houston accounted for the lion’s share of new inventory in that time with 26 million square feet added, or more than half.

Dallas’ office market grew by about 13 million square feet in that time while Austin added just four million square feet, according to a new report from CBRE Group Inc.

Read more at Austin Business Journal