Austin continues to lead the US in office job growth and provide a glimpse of the tech market’s return to office strategy post-pandemic. Job growth has surged to all-time highs, with 60,000 new office jobs added since February 2020 while leasing activity continues to be driven by the tech industry.

Under construction
Over 5.0 msf of office product is currently under development while availability, particularly within the CBD, dwindles which is sparking new groundbreaking announcements as landlords work to keep up with demand.

Net absorption
Overall net absorption remained positive, but relatively limited as many of the large tech leasing deals signed in recent months have yet to commence.

Net absorption
Overall net absorption remained positive, but relatively limited as many of the large tech leasing deals signed in recent months have yet to commence.

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