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

Digital Realty Opts for Austin HQ in Move from Bay Area

Data center owner-operator Digital Realty, the nation’s fifth-largest public REIT with a market cap of $37.4 billion, said Thursday it would relocate its corporate headquarters from San Francisco to Austin.

The company, which has had a significant presence in Texas since 2002, is the latest in a series of Bay Area tech firms to relocate to the Lone Star State.

“As we continue to make strategic investments to best position Digital Realty for long-term growth, we are confident our expansion in Texas will help us meet the needs of our more than 4,000 global customers, while continuing to deliver value for our stakeholders, employees and the communities we serve around the world,” said Digital Realty CEO A. William Stein. 

The company said it would continue to maintain a significant presence in the Bay Area as one of the world’s leading technology hubs. 

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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 GlobeSt.com 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).

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