Google outlines real estate plans for Texas in 2021

Google outlines real estate plans for Texas in 2021

Real Estate Broker · Austin, TX · Member since 2015 · 715 posts · 527 votes

California-headquartered Google LLC announced March 18 it plans to invest $50 million in Texas this year in office space and data center sites.

The internet search giant’s Lone Star State plans are part of the company’s intention to spend $7 billion and create 10,000 new full-time jobs throughout the country this year.

The company said it spans more than 550,000 square feet in downtown Austin at its three locations at 100 Congress Ave., 901 E. Fifth St. and 500 W. Second St.

Another 750,000 square feet at 601 W. Second St., the Block 185 development, is scheduled to open in 2023, Google said.

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  • Redmond, WA · Member since 2017 · 134 posts · 65 votes
    5y

    Obviously, I'll start with a "yay Austin", but overall, it always amazes me that these IT companies reckon people are willing to go back to the office. Almost most of my IT friends are loving the WFH thing, and very few, at best seem to want the hybrid model. 

  • Real Estate Broker · Austin, TX · Member since 2015 · 715 posts · 527 votes
    5y

    I think it may be a good time for these companies to grab commercial space at a good price with WFH going on right now

  • Specialist · Austin, TX · Member since 2017 · 136 posts · 109 votes
    5y
    Originally posted by @Neil Narayan:

    I think it may be a good time for these companies to grab commercial space at a good price with WFH going on right now

    For sure if one needs it, it's not a bad time to grab some. They should know their long term planning needs, and can adjust/hedge for WFH.

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