Realtor.com, a subsidiary of News Corp, is set to move its headquarters from Santa Clara, California, to Austin, Texas, where it has been a tenant since 2019. This relocation is part of a larger trend of companies leaving higher-cost coastal locations for Texas, attracted by its low taxes and favorable business environment. Damian Eales, the CEO, cited Texas's talent pool, low cost of living, and housing expansion as key reasons for the move. Austin's commercial real estate market has seen significant growth but currently faces a high vacancy rate.
Realtor.com, part of News Corp.'s Move Inc., is relocating its headquarters from Santa Clara, California, to Austin, Texas, highlighting a trend of companies leaving the West Coast.
CEO Damian Eales highlighted Texas's growing talent pool, low cost of living, and increased housing stock as factors influencing their move to Austin.
Collection
[
|
...
]