Research & Insights

Market News

Office Space and a New Moody Center

Jan 20, 2023

Growth is vital to the success of any city. Fortunately, Austin is no stranger to growth as the beautiful skyline can attest. Here are two great things that are ratcheting up the capital city’s market prowess:

The office space market is experiencing an all-time high according to the National Office Report by CommercialEdge. This boom is based on huge demand as Austin has added over 85,000 jobs since May 2020. Much of the 7.69 million square feet of space being built can be seen from all over the city as new structures reshape the skyline. The boom of towers doesn’t stop there. 2023 introduced the beginning of several other towering office buildings, including the 74 story (1,022 ft tall) Waterline tower which, according to a September 6 report in the Statesman, will be the tallest building in Texas.

The past year has seen success in the opening of the new Moody Center on April 20th. The arena, designed to host over 15,000 event attendees smashed through expectations, grossing over $62.7 million in 2022, according to Billboard Magazine’s December 12 article. With upcoming events like Cirque du Soleil Corteo and Monster Jam, super star performances from Madonna, Bruce Springsteen and, of course, UT Women’s basketball, the venue is expected to draw even more in the coming year.

These are just a couple of factors that continue to keep the Austin economy strong.

You May Also Like…

East Austin Park Plans

East Austin Park Plans

Taurus Investment Holdings has got big plans for east Austin, Texas. Douglas Gilliland, Managing...

Reset password

Enter your email address and we will send you a link to change your password.

Get started with your account

to save your favorite properties and more

Sign up with email

Get started with your account

to save your favorite properties and more

By clicking the «SIGN UP» button you agree to the Terms of Use and Privacy Policy
Powered by Estatik