Report: 34% of Austin office space devoted to tech sector

Austin ranked No. 1 in the technology sector’s share of “major leasing activity” among 30 North American markets, according to a report by Los Angeles-based real estate giant CBRE Group Inc.

The Texas capital also ranked No. 6 in annual tech-job growth, No. 10 in both rent growth and net absorption of tech submarkets (northwest Austin) and No. 11 in overall tech office rent growth.

Released on Nov. 8 by CBRE Group Inc., the annual study measures the tech industry’s impact on office markets.

Click to read more at Austin Business Journal.