National CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


National  + Office  | 

Oracle Relocating to Texas from Silicon Valley

Software giant Oracle Corp., a Silicon Valley mainstay for more than 40 years, said Friday it would relocate its headquarters to Texas. In a regulatory filing, Oracle said the relocation from Redwood City, CA to Austin “means that many of our employees can choose their office location as well as continue to work from home part-time or all of the time.”

Bloomberg News first reported the move. A spokesperson for Oracle told CNBC, “In addition, we will continue to support major hubs for Oracle around the world, including those in the United States such as Redwood City, Austin, Santa Monica, Seattle, Denver, Orlando and Burlington, among others, and we expect to add other locations over time.”

Bloomberg reported that some companies, executives and employees have been leaving California because of concerns over the state’s tax rates and high cost of living, along with arduous commutes in some areas.

The Oracle news follows Hewlettt Packard Enterprise’s announcement earlier this month that it would relocate from Silicon Valley to the Houston area. Elon Musk, whose Tesla Motors is building a “gigafactory” near Austin, confirmed earlier this week that he has moved to Texas to focus on large-scale projects for Tesla as well as his Space Exploration Technologies Corp.

Oracle’s shift of resources away from California dates at least to 2018, when the company opened a campus in Austin. Bloomberg reported that it features an on-site apartment building for employees, in an effort to recruit a younger and less costly workforce. The campus could eventually host 10,000 staffers, Oracle said at the time.

Texas Gov. Greg Abbott tweeted Friday, “Oracle just announced they have moved their headquarters to Austin. Texas is truly the land of business, jobs, and opportunity. We will continue to attract the very best.”

Get CRE News in 150 words

For comments, questions or concerns, please contact Paul Bubny


Inside The Story

Read more at BloombergConnect With Oracle

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Economy