California Company Moving their HQ to Cedar Park

As reported in today’s Austin American Statesman, LiveOps is moving their corporate headquarters from Redwood City, California, which is located about 20 miles south of San Francisco, to Cedar Park, Texas which is located about 5 miles north of Austin. All of their 80 employees have been offered jobs at the Cedar Park facility and they will be looking to bring on new staff for positions in sales, operations, human resources, marketing and engineering. The total number of employees for the Cedar Park HQ is projected to be 155.

Firms are leaving California or choosing to expand their operations to the Austin area because the economics of such a move, although initially costly, makes good economic sense. Our cost of living is less than California and the overall cost of doing business here vs. there is much better. Just more good reasons to benefit from owning Austin area residential rentals, these folks have to live somewhere, so why not rent from us?!

Austin is Number 1 for Startup Businesses!

According to Colliers International, a worldwide real estate services organization, Austin is leads the nation with 180 startup businesses. This tops Silicon Valley (my old stomping grounds). Austin’s technology job base has grown by almost 18% since 2011. And where are these high tech folks coming from? From the east and from the west – the far west, meaning California. Last week on a flight from Seattle to Austin I sat next toa man in his mid-20’s who informed me that he recently took a job as a software engineer with a Austin firm. I told him that I knew a lot about him since I own residential real estate property management company. He confirmed my profile of him when I said I know who he was: mid-20’s, working in a tech related field, renting, and enjoying live music. I also said that his type makes great renters and to leave is car in his home state!

This is why it is a great time to own Austin area residential real estate.