This from the Austin Business Journal today, Austin office market back to pre-recession levels. Let’s review a few snippets from the news article.
The Austin office market saw a trifecta of positive developments in the third quarter with a dramatic boost in absorption, decrease in sublease and large corporate move-ins. The shift is the best the local office market has seen since the recession began, according to Oxford Commercial’s latest quarterly report released Wednesday.
“I think you can now say that we’ve turned the darkest corner and have a stabilized market that has signs of further improving into the next two quarters,” Oxford Partner Kevin Kimbrough said.
Read the full story for more positive data points.
What does this commercial real estate news mean for the residential home sales market?
More than you might think.