Austin, Texas’s capital city with a population of about 930,000 and a relatively low unemployment rate of 3.2 percent, is one of the fastest-growing large cities in the United States. Jobs in Austin are also growing, and wages are above both U.S. and Texas averages. With rapid population growth, a growing tech sector and a vibrant business environment, the city is also an important hub for logistics and industrial real estate.
The combination of Austin’s growth and location astride major north-south highways and rail systems, ensure vibrancy for the metropolitan area’s regional logistics market.
Prologis has a number of warehouse and industrial real estate properties in the Austin region, many of which are located along Interstate 35, which connects Austin to San Antonio and Dallas-Fort Worth.