Austin Industrial Real Estate
Six Reasons to Move Your Business to Austin
Lower Taxes
Texas is known as a business-friendly state. We have no corporate income tax and no personal income tax!
Heart of the “Texas Triangle”
More than 21 million people (75% of the state’s population) live in the “Texas Triangle”- a region connected by I-10, I-35, and I-40 with Houston, Dallas/Ft Worth, and San Antonio sitting at its corners and Austin in the middle along I-35. These are 5 of the top 13 cities in the United States. This region is an economic powerhouse.
Educated Workforce
Austin ranks among the top 10 of the largest metros when it comes to an educated workforce! 46.2% of adults have at least a bachelor's degree, compared to 33.1% nationally.
Cheaper Industrial Real Estate*
Austin’s average Industrial rent is the cheapest per square foot when compared to Los Angeles, New York, and Seattle! Austin’s average industrial sale price per square foot is also the lowest among this group (by at least $100/sf)!
*per CoStar Analytics 2023
Dynamic and Growing Economy
Austin ranked as the 2nd fastest growing economic metro in 2022 with a GDP increase of 4.3%!* Numerous major employers have relocated or are expanding here, including Tesla and Samsung.
*Austin American Statesman Oct 2022
Lower Fuel Prices
Gas averages over $1.50/gal less* in Texas than it does in California! The tax on a gallon of gas in Texas is 20 cents and has been since 1991. In California it is over 50 cents per gallon. Those fuel savings can really add up and add to your business’ bottom line.
*May’21-May’23 Gasbuddy.com