Chances are, if you moved to Austin in the past two years, it was probably for a tech job.
Only Vancouver and San Francisco topped Austin in the latest tech market rankings released Thursday from CBRE, a commercial real estate services firm. Austin tech jobs grew by 22.9% in 2018-19, topping Seattle and New York City to round out the top 5 tech markets in the U.S. and Canada.
Austin also ranked in the top 10 for office market rental growth from mid-2018 to mid-2020, growing 9.1% in that time.
Last year, Austin placed fifth on CBRE's Tech-30 list with a similar growth rate of 22.5%. Here are other takeaways from CBRE's annual technology jobs report:
- 11,857 Austin tech jobs were created 2018-19. In total, 63,663 people were employed in the high-tech software and services fields in 2019.
- 22.6% of Austin office jobs were in the technology sector in 2019.
- $102,586 is the typical salary for an Austin software engineer.
- Northwest Austin was the top tech submarket locally and the 23rd fastest-growing submarket the past two years in U.S. and Canada, with 3.3% tech office growth.
- 6.5 million square feet is how much office supply is under construction in Austin, with another 1.9 million square feet available to sublease.
- The Dallas-Fort Worth metroplex was the only other Texas market to rank among top tech markets at #7.
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As Austin's "icepocalypse" melts into the rearview mirror, though day-to-day life has mostly resumed, the city has a long, arduous recovery process ahead. It seems as though no area was immune to the damage inflicted by the historic winter storm.
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Austin restaurateurs say supporting Black-owned businesses shouldn't be a 'fad' but a year-round effort
After the devastating blow of the pandemic, Emojis Grilled Cheese Bar owner Hope Green saw a surge in sales last summer. The outpouring of community support for Black-owned businesses came in the wake of the killing of George Floyd and nationwide protests against police brutality and racial injustice. But for Emojis the support has been fleeting.
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Scheduled showers, porta potties and hotel stays: Hundreds of Austin apartment complexes still don't have water
The last night Stephanie Landgraf, 25, spent in her apartment, off of Rundberg Lane, was on Valentine's Day. First, her power went off, only to return shortly after the complex lost water. Since then, she's been staying with friends. "There's no end in sight," she told Austonia. "At this point, I'm just angry."
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