The idea of Austin as a significant global hub for technology is well-established, but Austin as a tempest of real estate investment? Apparently so.
According to JLL’s “Globalisation and Competition: The New World of Cities” report, Austin is one of the top metros in the world for the velocity of commercial real estate deals relative to size. See the full report here.
Austin ranks No. 12 in the world in JLL’s Investment Intensity Index. It’s No. 4 in the U.S., being edged out only by Honolulu; San Jose, California; and San Francisco. The index measures real estate investment as a proportion of the city’s gross domestic product.
Read more on the Austin Business Journal