Looking for office space in downtown Austin? Good luck.
Austin Business Journal Editor Colin Pope said grabbing a space for about 100 employees or more is pretty impossible at the moment. Vacancy rates for Class A office properties have dropped to about 10.9 percent in the downtown area.
There are only five buildings that could accommodate a medium-to-large business size. The crammed space has caused newcomers like Visa and Apple to choose North Austin for their new facilities.
Find out more in this edition of “Business Now” in the video above.