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Market Highlights

After a year of construction, the Capitol Wright Distribution Center at 10095 US 290 E is completed. The $39 million, 500,000-sq.-ft. HQ is located on about 86 acres 12 miles northeast of Austin.

Golfsmith International Holdings Inc. HQ in Austin has been acquired. The 332,345-sq.-ft. property includes a 90,000-sq.-ft. building; three manufacturing and distribution facilities; and over ten acres of open space, located on 40 acres.

Key Economic Indicators

The Austin economy expanded moderately in December. While the Austin seasonally adjusted unemployment rate rose to 3.2%, it continued to have one of the lowest jobless rates among large metro areas across the nation.

High-tech-related employment in Austin continued to fluctuate between the manufacturing and service sectors. Although high-tech manufacturing activity has stifled, high-tech services continue to grow rapidly.

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