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Austin : Industrial Snapshot - Q1 2013

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Austin, TX : Industrial Snapshot - Q1 2013

Although we have yet to return to 2007 market highs of occupancy and asking rental rates, Austin continues to lead the rebounding efforts for the rest of the country. A study by Brookings reveals Austin as first overall among the one-hundred largest U.S. metro areas in terms of recovery from pre-recession peak to the present. New development, expansion of current Austin businesses, and the relocation of companies to the Austin area give reason to believe our economic growth will continue to climb through 2013. According to the Office of the Governor, the live music capital of the world generated the highest percentage of job growth since the recession, with unemployment at 5.4%, lower than the state average of 6.4% and the national average of 7.6%.

Source : Cushman & Wakefield

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Keywords : Cushman & Wakefield