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News & Press: Articles

Businesses Move to South Austin as Overhead Prices Increase Downtown

Thursday, November 29, 2018  
Posted by: BOMA Austin

Community Impact Newspaper
Historically high rental rates and taxes in downtown Austin, paired with a high-demand for retail and office space, has forced many downtown business owners to consider moving to South Austin and other more affordable areas around the city. Austin Java owner Tomas Fernandez said closing the business' longtime location on Barton Springs Road this July, just nine months after shutting down the original location on North Lamar Boulevard, was a difficult decision to make emotionally. However, he said it would have been impossible to survive without a change.



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