Austin continues to solidify its position as a major player in the tech industry. A recent report by CommercialCafe ranked Austin as the second-best tech hub in the South, highlighting its growing influence in the region. View the report here.

Key Takeaways from the Report:

• Tech Growth: Between 2019 and 2023, Austin saw a 25% increase in tech company density, earning the city third place for business growth among Southern metros.
• Industry Diversity: Austin boasts a wide range of tech industry segments, including artificial intelligence and green energy, alongside well-established tech giants such as Google, Apple, Dell, Tesla, and Oracle.
• Job Density: Nearly 80 jobs per 1,000 in the Austin metro belong to the tech sector, reflecting its role as a significant employment driver.
• Earnings: The median tech salary in Austin is approximately $111,400—placing it fourth among Southern metros for tech worker earnings.
• Office Leasing Activity: In 2024, over half of all office leasing activity in the city was tied to tech companies, signaling robust demand for space to accommodate growing businesses.

What This Means for Austin’s Residential Market

Austin’s standing as a premier tech hub has broader implications for the city’s housing market. The continuous influx of tech companies and professionals bolsters job creation and wage growth, which are essential factors in sustaining a dynamic housing market.

As the second-best-rated tech economy in the South, Austin’s appeal is likely to endure. The city’s ability to attract diverse industries and maintain a high quality of life makes it a prime destination for relocation and investment. With events like South by Southwest and its reputation for innovation, Austin fosters an environment where tech talent and creativity thrive.

For those considering a move to Austin—or locals exploring their next opportunity—this growth suggests continued stability and potential in the residential market. Whether you’re looking for a downtown condo close to the action or a quieter neighborhood with easy access to tech corridors, Austin has options to fit a variety of needs.

Explore properties in Austin and find your perfect home today.

The city’s resilience, innovation, and expanding opportunities make it an exciting place to call home. Stay tuned as Austin continues to shape its future as a leading tech hub.