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Austin Remains on Short List for Corporate Expansions

A lower cost of living, higher quality of life, diverse economic make up and the state’s pro-business stance have allowed Austin to remain the benefactor of significant job gains year over year, says JLL.

Austin relocation Lower cost of living and higher quality of life are the main reasons for corporate relocations and expansions.

AUSTIN, TX—Corporations cite lower cost of living and employee quality of life as the main reasons for locating and expanding in Austin. In response, unemployment figures remain below the national average here. In addition, there is continuing diversification of the industry landscape with growth in sports and entertainment, defense, technology, and healthcare.

Austin’s tech boom is evident with Amazon’s recent announcement that it is expanding its Austin Tech Hub and plans to create 800 new jobs in fields including software and hardware engineering, research science, and cloud computing. Amazon will expand into a new 145,000-square-foot office in The Domain, opening in 2020.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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