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DeepNewz, mobile.
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Austin, Texas, is experiencing significant outward migration, ranking 5th among US cities with the most people moving out, marking the first time a Texas city has appeared in the top 10. The city is also facing a decline in tech jobs, with companies like Oracle relocating to Nashville. This has contributed to a 12% decline in rents, reflecting a more complex situation than merely an increase in new apartments.
the consequences of austin becoming a new tech hub https://t.co/InJEeGgt9V
Austin is seeing a lot of outward migration due to tech job losses, so 12% decline in rents isn’t all that impressive. The city needed affordable housing when it was booming and incumbent tenants needed protection from displacement. https://t.co/vBEjs1YMu3
New @cartainc data on the top 10 US metro areas for VC fundraising by stage. Austin sits at 6th or 7th & surprisingly (at least to me) does better in later stages. Once again, Seattle looks like our closest comp (a bit above in some, below in others). https://t.co/Qjlwc22gcX
