According to the reports, published at the end of the previous year, the most significant Texas office submarkets remained stable and solid. Austin indeed boasts the hottest performance out of all the other influential locations of the Lone Star state. The success of this city is primarily driven by the continuously growing tech sector. Houston, the other important office location of Texas, experiences quite low vacancy rates, mainly because it has numerous quality and sustainable venues, ready for immediate occupation. The continued flight to high-end properties is also observed in the Dallas - Fort Worth region. By the way, this submarket boasted 5 million square feet of positive net absorption rate during the previous year.
