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Texas  + Office  | 
Growth in population and tech-sector employment helped position at the top of CrowdStreet's 2022 rankings for best real estate investment markets

Austin Office Market Remains Strong

Despite a slight rise in vacancy, the Austin office market remains among the nation’s strongest. The market’s rise to prominence is reflected by the fact that two Austin-area companies earned spots on the Fortune 500 list, including Round Rock-based Dell Technologies (No. 41 with $64.8 billion in annual revenue), and Austin-based Whole Foods Market (No. 176 with $15.7 billion in annual revenue).

Net absorption for the overall Austin office market stands at positive 700,937 square feet year-to-date, according to the NAI Partners’ June report. Direct space absorbed was 872,290 square feet, which was more than enough to balance the negative 171,353 square feet from sublease space.

Deliveries year-to-date remained steady at nearly one million square feet, of which roughly 88% is leased. The construction pipeline has 196,173 square feet underway across three properties located in the South and Southwest submarkets.


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Photo Courtesy of NAI Partners, Photo Credit Getty Images

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Development
  • ◦Lease