ALEX Austin. CrowdStreet – Another West Coast Company Moving to Austin.

Read entire article: https://austin.culturemap.com/news/innovation/03-19-21-another-west-coast-company-relocates-headquarters-to-austin-big-move/?utm_source=hot-headlines&utm_medium=email&utm_campaign=website&mc_cid=4e12f5e9ac&mc_eid=ff3b0ab600

Culture Map’s Take: “…Following in the footsteps of Oracle and others, another tech company is heading from the West Coast to Austin.

CrowdStreet, which operates an online marketplace for investing in commercial real estate, announced March 19 that it’s shifting its headquarters from Portland, Oregon, to Austin. CrowdStreet is considering office space in downtown Austin and around North Austin’s Domain complex. CrowdStreet is targeting a June 1 opening date for the new office.

CrowdStreet executives decided to relocate the headquarters from Portland to Austin largely because Texas ranks second among states sending the most investors to the platform and because a majority of the properties sold through CrowdStreet are in Texas. Co-founder and CEO Tore Steen says the company settled on Austin because of its status as a tech hub.

Another factor in Austin’s favor: A CrowdStreet report put Austin at No. 2 among the best places for real estate investment in 2021. Raleigh-Durham, North Carolina, ranked first…”

ALEX’s take: Not much to add. Austin is the new San Francisco and Silicon Valley!

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