Our “Boots on the Ground” viewpoint is the voice of our experts, who have broken down the market data and compared it to what they are seeing for themselves. This is their take on what the numbers actually mean for the Austin office market.
January brought many of the sentiments that typically usher in a new year: optimism, excitement, eagerness and confidence based on not only the preceding quarter, but on the past year and numerous years before it. The first quarter of 2020 continued as it had in recent memory with headlines of tenants expanding or relocating to Austin, venture capital backing local startups, a near record-breaking construction pipeline, historically low unemployment rates, and our fair city topping the charts on most “Best Places to…” lists. Fast forward to Q2 and the headlines flooding our inboxes tell a different story.
Due to the global COVID-19 pandemic, most companies are being forced to reevaluate operations with health and... Click here to read the full report.