Austin Tx #7 for Economic Recovery

Austin Texas is 7th overall out of 10 metro cities for economic recovery according to a report put out by Brookings.  Rankings are calculated based on overall performance in employment (Austin #2), unemployment (Austin #68), GDP output (Austin #4), and house prices (Austin #15).

Over the past year Austin commercial real estate vacancy rates have continued to shrink and office rental rates have increased which is also a sign that Austin’s economic recovery is heading in the right direction.  As a result of the commercial market getting hot new office developments are underway to provide more office space as local companies expand and others move offices into the Austin area.

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