CBRE captures Austin growth with new submarket map
AUSTIN – For the first time since 2006, CBRE Research redrew the office submarket boundaries to better reflect the evolving market dynamics of the Silicon Hills.
Given rapid levels of growth, construction and re-development, CBRE Research determined that the decade-old submarket boundaries no longer accurately reflected the marketplace.
Primary changes include:
- dividing the large North Central submarket into North and Central;
- separating the expansive East submarket into East and Northeast;
- refining the South submarket into South and Southeast.
By creating these new submarkets, trends pertaining to these developing areas of the Austin office market can be accurately identified and tracked.