Austin is inching up the ranks as one of the top tech cities in the nation. According to the recent Scoring Tech Talent ranking from CBRE Group Inc., the city moved up three spots from its 2015 slot to no. 5, sitting just behind the San Francisco Bay Area, Washington D.C., Seattle and New York City.
- Austin ranked no. 5 best tech city behind the Bay Area, Washington D.C., Seattle and New York City for having tech jobs and talent.
- Office rents rose 30 percent in five years and vacancy rate fell 10.1 percent during the same period, ending in the first quarter of 2016.
- The Austin real estate market surged this spring but has since begun to cool off with more inventory and slowing price growth.