With all this HQ2 conversation heating up, it seems Amazon isn’t the only company who is moving to Austin. A new study based on Bureau of Labor statistics and the Yardi matrix has determined that Austin is one of the top markets for commercial office real estate investors in 2018.
To determine these hot markets, analysts looked employment numbers, vacancy rates, lease rates, and the office construction pipeline. With a 2.7 percent unemployment rate, Austin ranks among the top cities in the U.S. for job seekers. And, as Commercial Cafe points out, the city maintained a low 11-15 percent office vacancy rate throughout 2017.
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