John Gump, SIOR, vice president of CBRE in Austin, TX, specializes in tenant representation
and consulting services to Austin office occupiers. His commitment to the representation of
tenants, and providing winning solutions to each unique requirementhas led to a wide variety
of successful transactions. After beginning his real estate career in 2003, John has since built
a solid reputation for maintaining trusted relationships with his clients—including national,
regional, and local businesses that range from Fortune 100 companies to locally grown
Bringing Business To Austin
This article might seem a little biased, since I live and work in my hometown of Austin, Texas, and never plan to leave. Working as a part of the tenant representation team at CBRE allows me the opportunity to dig into the
city’s growth and understand why businesses want to have a presence here. I am proud of this city and excited about its future,
and I have to say, if you haven’t heard at least a little buzz about
Austin in the last year or two, you must be living under a rock.
Although the recession didn’t hit Austin nearly as hard as the
rest of the country, commercial real estate showed tell tale signs.
But the city is bouncing back. According to the Bureau of Labor
Statistics ( http://www.bls.gov/), Austin has an unemployment rate
of 5. 8 percent, compared to 7. 9 percent nationally. The graph on
the following page shows an interesting picture of how Austin has
fared against the national market. Unemployment rates help illustrate the trends.
Recently, Austin has seen some pretty impressive rankings, including #1 Fastest Growing City for 2011, 2012 and
2013 (Forbes – Jan. 2013); top city for Tech Startups from
SizeUp.com (Oct. 2012) and USA Today (Aug. 2012); #1 for
Projected Percentage of Household Growth over the Next 5 Years
(Pitney Bowes – Nov. 2012); #2 for Tech Startup jobs (PayScale
Inc. – March 2012); Best City for Young Entrepreneurs (Under 30
CEO – March 2013); and of course, #1 in Top 10 Cities for BBQ
(Sherman’s Travel – May 2012). Big brands are noticing.
Austin is attracting major business development—Apple, Inc.
committed to a major expansion of its Austin presence; Samsung
is planning a $4 billion expansion of its Austin factory; Visa is