Market Blog

  • Northwest Austin’s Demand for Tech Talent Promotes Jobs, Drives Market

      Austin has been praised as one of the best tech cities in the United States by multiple media outlets — Cushman and Wakefield named Austin the No. 7 best tech city in the U.S., and the city also earned the No. 8 spot on real estate firm CBRE’s Tech Talent Scorecard. Recently, Northwest Austin specifically stands out as a location with a high concentration of tech talent,... READ MORE

  • Austin Stands As a Viable Location for Amazon’s Second Headquarters

      Amazon, the world’s largest online retailer, announced Sept. 7 their intention to build a second company headquarters in North America. They have stated they are looking for a metropolitan area of around 1 million residents, a qualification that throws the city of Austin into the mix. However, Austin has many other characteristics that make it a prime candidate for the new headquarters,... READ MORE

  • Austin Ranks in Top Ten Best Cities to Live for STEM Professionals

      According to a WalletHub article written by Richie Bernardo in January of this year, STEM — Science, Technology, Engineering and Math — workers are in high demand in the work force. Estimates from the Bureau of Labor Statistics show that STEM “professions will expand 1.7 times faster than non-STEM occupations between 2010 and 2020.” WalletHub analyzed the 100 largest metro areas in... READ MORE

  • Austin Earns No. 2 Ranking on Forbes Best Cities for Young Professionals

      In a list of the top 25 Best Cities for Young Professionals, Forbes dubbed Austin No. 2, following behind Seattle, WA. Forbes referenced data on the 100 largest metro areas to compile the list. Six metrics were used to determine the best cities, chosen for their significance to recent graduates. This includes salary, rent, employment prospects, networking opportunities and social... READ MORE

  • Austin is the Number One Best U.S. City to Live

      U.S. News & World Report put out their 2017 Best Place to Live report and Austin ranked as the number one best U.S. city to live. This year’s list took into account a handful of factors including the three primary ones: affordability, job prospects and quality of life. In addition, data from the United States Census Bureau, the Federal Bureau of Investigation and the Bureau of Labor... READ MORE

  • Austin Skyline Vacancy is Below National Level While Rents Skyrocket

      Austin is creating a reputation for itself as “one of the U.S. cities with the brightest economic futures,” according to Jeff Coddington, senior vice president of JLL Capital Markets. It is an attractive city for many investors as rising rents due to increased demand and lack of supply have given way to increased value. Specifically, Austin is at a Skyline vacancy of 6.5 percent, nearly... READ MORE

  • Monthly Texas Economy Report Shows Steady Job Growth

      In a review of Texas’ economy, author Ali Anara notes the impressive job growth throughout Texas within the last year. In fact, Texas’ unemployment rate has dropped in the last year from 4.7 percent to 4.3 percent. Some of the most notable industries increasing job growth were those in nonagricultural and nongovernment sectors. At an annual growth rate of 2.4 percent Texas added 293,400... READ MORE

  • Austin Ranks in Top Ten Best Big Cities to Live

      According to a WalletHub article written by Richie Bernardo, the big cities in the United States are “growing at nearly twice the rate recorded during the opening decade of the 21st century” mainly due to the desirable opportunities they provide for American’s careers and social lives. WalletHub analyzed the 62 largest cities in the United States to determine the best big cities to live;... READ MORE