A bearish view of Austin’s office space market.
This article from the Washington Post is sprinkled with bad-sounding factoids about vacant space throughout the city’s new buildings. “Roughly 87 percent of new office space is expected to open vacant, according to data from the commercial real estate firm Cushman & Wakefield.” However, I think the article doesn’t actually tell a cohesive story about the market and its sentiment could easily be shown ‘wrong’ in the next couple years. The developers quoted within do not seem worried, for what it’s worth. ~ learn more