Amazon Coming to Austin

As reported in today’s Austin American Statesman, Amazon is coming to Austin and will lease a building in the Domain, an upscale retail office center at Loop 1 and Burnet Road. They will be bringing 200 new jobs with them (and 400 additional cars I imagine). No information was given on an average salary range for the new jobs but considering the upscale location I bet they pay pretty darn well.

All these folks have to live somewhere and those of us who are residential real estate investors are in a great position to help them out. It’s a great time to own Austin area rent houses.