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High-Tech Employment Growth in Austin Leads to Drop in Single-Family Rental Vacancy

Austin’s employment market will add jobs well above the national pace for the seventh consecutive year. The local job engine, which is one of the strongest in the nation, is poised to create over 40,000 positions in 2016. With the exception of companies within the manufacturing sector, both blue- and white-collar employers are adding positions. The most significant growth has been in the professional and business services, and leisure and hospitality sectors; however Austin also experienced notable growth in trade, transportation and utilities. Amazon continues its expansion into the Lone Star State with a new fulfillment center in San Marcos, which will employ 1,000 workers when completed. Other notable growth is a result of expansion by companies such as Q2 Holdings, and national media powerhouse, Comcast. Q2 Holdings is expanding their Austin footprint with a new headquarters that will house up to 500 positions[…]

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