Luxe Austin Homes - office

"Austin booms as the nation's fastest-growing office market in new report"

Posted by Grossman & Jones Group on January 3rd, 2023

CultureMap Austin writes, "as we head into the new year, Austin's office market is headed for a big boom, according to one recent report.

Commercial real estate platform CommercialEdge has released its National Office Report, naming Austin the fastest-growing office market in the U.S., based on data through November 2022.

Austin "has been the fastest-growing office market in the country since the start of the pandemic," says CommercialEdge. And despite recent upheaval in the tech sector, including layoffs and office downsizing, the report shows office-using sectors of the labor market have added 85,000 jobs in Austin — a 28 percent increase, in the last 30 months.

To keep up with that growth, developers have added 3.1 million square feet of new…

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Grand plans, deep-pocketed backers revealed for what will be tallest building in Austin — and all of Texas

Posted by Grossman & Jones Group on September 6th, 2022

The skyscraper being constructed at 98 Red River St. in downtown Austin, which is set to be the tallest building in both the city and state when complete, finally has a name: Waterline.

In addition to its official moniker, the development team revealed Sept. 6 a slew of additional details about the project, which is set to take the skyline to new heights. That included a breakdown of space within the hotel-office-residential tower and community benefits like pedestrian access and a seven-figure donation to the nearby trail system.

"Downtown Austin offers one of the most dynamic markets and skylines in the nation, and we're excited to help drive its ongoing transformation," said Seth Johnston, senior vice president in Austin for Dallas-based…

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