It was reported in today’s Austin American Statesman that Austin based Home Away will be adding an additional 2,000 new jobs starting in 2019. For those of you that are not familiar with Home Away, they are a company that lists short term rentals for owners and has recently been purchased by Expedia. The location of the new headquarters will be a new 315,000 square foot office tower located in the Domain. The Domain is the site of the former IBM plant located at Braker Lane and Burnet Road. The Domain has it all, Tiffany’s, Whole Foods, lots of top scale restaurants and top notch apartments. Very first class indeed. When you consider that Expedia is located in Bellevue, Washington, but that the expansion is taking place in Austin, it says a lot about what corporate America this of Austin. I think that the cost of construction had a lot to do with it. It’s been a while since I visited friends living in Bellevue, but as I recall, there isn’t much of a place to build there, and if you tried to build, it would empty your pockets. Then too, there is cost of living, Austin is much cheaper than many high tech areas.
All the more reasons for owning Austin area residential real estate.
Rick Ebert / Austin, Texas / 23 June 17