The Silicon Hills nickname Austin received in the 1990s proves to still be a suitable one for the current times due to the technology firms that are continuously attracted to this area. This impacts a few market aspects, primarily employment, and subsequently construction, rent growth and new investments.
After a less impressive 2013, Austin rebounded to occupy the third position inForbes’ latest listing of the best cities for jobs. The area recorded growth of 4.1 percent in 2013; it reached a 13.7 percent growth rate between 2008 and 2013, ranked at no. 1 in 2012 and dipping down to no. 10 in 2013.
Read more...Vacancy, Employment Up in Austin | Commercial Property Executive
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