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Paloma Ridge Paloma Ridge is a 211,000-square-foot class-A office campus comprised of two buildings.

AUSTIN, TX—The office market is benefiting from remarkable growth among both tech heavyweights and a myriad of startups. An analysis of the top 10 tech companies in Austin shows that these firms own or lease approximately 6 million square feet or nearly 10% of the market. For the time being, the outsized and growing presence of these firms is creating very tight market conditions, according to a second quarter office report by Savills Studley.

“Top tech firms in Austin are taking different routes to secure additional space for their growing workforces. Some are expanding on corporate campuses, others are making aggressive moves on future development sites. In general, the competition for space is becoming as fierce as the battle for talent,” said Brad Hauser, research director of Savills Studley.

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