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The rendering of the glossy skyscraper to the left could be home to a new TikTok office. (Cousins Properties)

The world's most downloaded app of 2020 could be establishing itself further in Austin.

Three sources told the Austin Business Journal that TikTok, a video-based social media app used mostly by Gen Z and millennials, is eyeing office space in the skyscraper located at 300 Colorado as its construction is completed.

Neither TikTok nor Jones Lang Lasalle Inc., the leasing firm for 300 Colorado, could confirm the move, and nothing has been officially verified. If the company signs the lease, it could take up to 150,000 square feet of space, a source said.

If completed, TikTok would be replacing supposed plans for another social media giant, Facebook, Inc. to lease at 300 Colorado. Austin Business Journal reported that Facebook failed to close on a deal at the property in March.

The high-rise is one of many in the works downtown and is almost complete after nearly two years of construction.

TikTok has already planted roots in the "boomtown," where employees have been reportedly working at a co-working space since 2020 after Donald Trump declared the company a "security threat," stymying its plans to possibly put a major office downtown.

The company currently has 71 open positions in Austin and is reportedly looking at several other locations.

The company, which grew by five times in 2020, would join big-name companies including Tesla, Oracle and Samsung that have settled down in Austin. The city was the top destination for tech migration in 2020, and Telsa CEO Elon Musk has labeled the city as a "Little California" that could eventually rival Silicon Valley.


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