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.
Full story here