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Known for its proximity to northwest Austin’s tech hub, excellent schools and the H-E-B Center that hosts two professional sports teams, Cedar Park is one of the fastest-growing cities in the country. The vast majority of Cedar Park’s residents have at least a high school education with 95.9% of the population aged 25 and older having a high school diploma or higher, higher than both the city of Austin and the state of Texas. Additionally, 49.2% of the population aged 25 and older hold a bachelor’s degree or higher, slightly lower than the city of Austin and much higher than the state of Texas. ’s proximity to Austin, the excellent reputation of its school district, and its relatively affordable housing options, make it an attractive destination for people looking to live in the Austin area.

Located 30 miles north of Austin, Georgetown is a rapidly growing city home to the “Most Beautiful Town Square in Texas. Once considered a small town, Georgetown has now expanded both residentially and commercially and is considered one of the fastest-growing small cities in the U.S.” – Kendall Guinn, An Insight Into the Growing City of Georgetown, an Austin, Texas Suburb Like most Austin suburbs, businesses are drawn to Georgetown because it provides access to Austin with all the benefits of a small town combined with big-city amenities. Other large retail centers in town include Republic Square Shopping Center with 117,018 sf of retail space and Williamsburg Village with 88,130 sf of retail space.

Located 15 miles south of Austin, the growing town of Buda is an increasingly popular Austin suburb for businesses and homebuyers alike. Residents of Buda are highly educated with 49.3% of the population aged 25 and older earning a bachelor’s degree or higher, slightly lower than the city of Austin and much higher than the state of Texas. The vast majority of Buda’s residents have at least a high school education with 98.3% of the population aged 25 and older having a high school diploma or higher, a higher percentage than both the city of Austin and the state of Texas. Industrial businesses can benefit from Buda’s access to major U.S. highways, access to major distribution centers and proximity to Austin’s customer base.

As of 4Q 2020, the average full service rental rate in Austin was $39.39 per sf.1 Compare that to average rental rates in San Francisco ($80.88 per sf) and Silicon Valley ($66.36 per sf) and it makes sense that information, finance and professional services jobs saw a 5.8% YOY growth in December 2020, while San Francisco saw a decline of 2.6%. (Rental Rates, Pricing) Austin’s average rate also remains competitive to the average rental rates of $43.92 per sf that tenants in Los Angeles pay, and the $38.16 per sf seen in San Diego.2 In contrast, tenants in Sacramento pay significantly less, currently averaging only $25.20 per sf.3 As you are doing your own research to compare these rates, it’s important to note that most rental rates in Austin will be quoted on a per-square-foot per-year basis, whereas most rates in California will be quoted on a per-square-foot per-month basis. A similarly sized company in San Francisco would pay double that, averaging $20,220 in real estate expenses per employee and paying a total of $808,800 per year for a 10,000 sf space.