There is not a day that goes by that I don’t hear something great about living and doing business in Austin, Tx! If you are an investor that is in the market to buy Austin office space for sale now is a good time to start looking.
While the rest of the U.S. continues to struggle, Austin, which is a technology and social media oriented market has continued to thrive. Other markets have experienced weak demand for office space, which has slowed down office building sales. The U.S. deficit and tax policy changes have corporations reluctant to hire. Weak job growth, which ultimately drives office space occupancy and rental rates, has office building buyers nervous.
This however has not been the case for the Austin office market! We have experienced strong job growth, and as a result office vacancy rates continue to decrease and rental rates continue to increase. In turn, office building sales are on the rise. Deal volume in Austin is up by 31 percent and the value of deals has increased by 48%.
Office building sales rebound hits a speed bump: Chicago Tribune