Outlook Bright for Austin Office Market

The Austin-area’s office market rolled to a strong finish in 2017, new reports show, propelled by Fortune 500 companies including Facebook Inc., Google, Indeed and HomeAway signing sizeable office leases in the market last year.
Major lease transactions were the theme of 2017, according to the latest office market report from the Austin office of Cushman & Wakefield, a global commercial real estate services firm.

The trend of blue-chip tenants taking up large chunks of space spilled over into 2018, kicking off with Parsley Energy’s commitment to lease 302,000 square feet of office space in a high-rise planned for 300 Colorado St. in downtown Austin.

Read more at myStatesman.com.