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AAPL Stock: 556.97 ( -4.31 )

Apple eyeing retail space in Austin, TX

updated 01:05 am EST, Mon February 2, 2004

Apple in Austin, TX


Apple is negotiating to in Northwest Austin being vacated by Plano-based technology outsourcing company Electronic Data Systems Corp., according to the Austin Business Journal: "The pending deal is being interpreted as a positive sign for the Northwest Austin submarket, which has been plagued with excess space and the highest office vacancy rate in the city -- roughly 28 percent. Adding to the optimism is the execution of recent deals in the immediate vicinity that total more than 450,000 square feet."


by MacNN Staff

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  1. MacNN.com Reader

    Fresh-Faced Recruit

    Joined: Jul 2001

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    02/02, 01:23pm | report spam | Reply |

    I Live in Austin

    It is a good time; the job and real estate markets are both still somewhat depressed. OTOH, I hate to see more traffic. But wait...Apple manufacturing here or just office/development space?
    Oh no...not more people. Wait...good thing...no... maybe.....argghhhh!!!

  1. MacNN.com Reader

    Fresh-Faced Recruit

    Joined: Jul 2001

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    02/02, 06:39pm | report spam | Reply |

    probably not retail space

    weighing in at over 200k square feet, i'm going to go out on a limb and guess that this is not "retail space" as the title of the entry states, but rather office space. apple already has a large presence in two seperate campuses in Austin - this could just be a move to consolidate everyone they have in Austin into one office location.

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