Austin Ranked #1 in the Fastest Growing Office Markets in America
As we continuously recover from the pandemic, we are seeing more U.S. companies bring workers back into the office settings in recent months.
Commercial Edge says that “Austin has been the fastest-growing office market in the country since the start of the pandemic, with office-using sectors of the labor market adding 85,000 jobs (an increase of 28%) in the last 30 months. Developers have responded to this growth, with more than 3.1 million square feet of new office space, representing 3.6% of stock, completed this year alone. Austin also had the largest supply pipelines in the country on a percentage-of-stock basis, with the equivalent of 8.8% under construction. Not only that, but planned projects would further increase it's stock by 22.8%.”
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