Sep 20, 2016
CBRE’s Texas Triangle trio: DFW, Houston, Austin office
TEXAS - The three Lone Star office markets move within 60 degrees of separation to form a distinct 180-degree geographic triangle that is as varied and large as the state of Texas itself, according to CBRE’s Texas Triangle Office Market
The Texas Triangle office market—comprised of Houston, Dallas-Fort Worth and Austin—totals nearly a half billion sf.
Yet the inventory cycles within Texas’ signature city skylines are vastly different, driven by a wide and diverse set of influences.
- A wave of corporate headquarter relocations is creating Texas-sized demand in the DFW Metroplex.
- In Austin, high-tech job growth is transforming the Texas capital into a metro with a vibrant 18- hour city core.
- And in Houston, a saturated construction pipeline has overlapped with a precipitous oil glut, leading to an office market currently facing some Texas-tough challenges.
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