Austinis expected to narrowly lead the 2020 pack of office-using jobs,according to a CBRE report.
AUSTIN, TX—While the Bay Area led the nation in office-usingservices job growth in 2019, it will likely rank second in 2020,edged out slightly by Austin's 2.6% growth, according to a newreport from CBRE. Across the board, tech hubs, business-friendlyTexas cities and high-growth southeastern metro areas top the ranksof US markets set for quick expansion of office-using services jobsin the coming years.
"US consumer confidence and spending remain healthy, supportedby a strong stock market and high home values, which underpins mostUS economic expansion and job growth," said Ian Anderson, CBREAmericas head of office research. "Due at least partly to that, weshould see another year of strong office demand and growing rentsin many US markets."
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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.
