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Pandemic Cuts Big Office Lease Deals by 90% in Real Estate Hot Spot of Austin, Texas

Shipping Software Office Deal Stands Out as Only Third in 2020 Over 50,000 Square Feet
The office courtyard in the recently completed office portion of The Grove at Shoal Creek in central Austin, Texas. (Justin Wallace)
The office courtyard in the recently completed office portion of The Grove at Shoal Creek in central Austin, Texas. (Justin Wallace)
CoStar News
September 3, 2020 | 12:16 AM

To get a sense of how demand for big office leases has dropped in the pandemic, look no further than Austin, Texas, a top ranked city for real estate investment before the coronavirus.

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