Posted Sep 24, 2020, 1:41 PM
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Moderator
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Join Date: May 2006
Location: Where the lights are much brighter
Posts: 12,060
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From an ABJ article this morning:
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Sources confirm social media company TikTok is evaluating Austin for a large corporate office, perhaps even its global headquarters. While a decision has not been made, brokers are speculating about where it could go and what it would mean for the local real estate market. One said: "If TikTok were to come into one of the existing office buildings in Austin, that would be a big boost to the Austin market, which is relatively flat and is expected to remain flat for a while."
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...multiple sources confirmed that TikTok is indeed looking at potential sites around town and could be in the market for 100,000 to 300,000 square feet.
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TikTok is nowhere close to make a final decision on if or where to put a big corporate office in Austin, real estate sources said. But brokers have floated a few ideas of where the company could land, including the 15-story RiverSouth tower, being developed by Stream Realty Partners LP at the site of the former Hooter’s restaurant on South First Street, and The Grove, a mixed-use development near 45th Street and Bull Creek Road.
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https://www.bizjournals.com/austin/n..._news_headline
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