Business news
Austin is the 2nd most popular U.S. city for corporate HQ relocations

More corporations are choosing to relocate their headquarters to Austin than nearly any other place in the United States.
A recent analysis by commercial real estate services company CBRE reveals Austin was the No. 2 metro for corporate headquarters relocations from 2018 to 2024. In those six years, the Austin area attracted 81 new corporate headquarters.
It was bested only by Dallas-Fort Worth, which had 100 HQ relocations during that same time period. (Notably, CBRE itself moved its global HQ from San Francisco to Dallas in 2020.)
Austin is followed by Nashville (35), Houston and Phoenix (31 each), and Denver (23).
CBRE’s list encompasses public announcements from companies across various sizes and industries about relocating their corporate headquarters within the U.S. According to the study, reasons cited by companies for moving their headquarters include:
- Access to lower taxes
- Availability of tax incentives
- Proximity to key markets
- Ability to support hybrid work
“Corporations now view headquarters locations as strategic assets, allowing for adaptability and faster reaction to market changes,” said CBRE.
Among the high-profile companies that moved their headquarters to the Austin area from 2018 to 2024 were computer tech company Oracle and Elon Musk's Tesla and X.
According to CBRE, California (particularly the San Francisco Bay and Los Angeles areas) lost the most corporate HQs in 2024, with 17 companies announcing relocations — 12 of them to Texas. Also last year, Texas gained nearly half of all state-to-state relocations.
In March, Site Selection magazine awarded Texas its 2024 Governor’s Cup, resulting in 13 consecutive wins for the state with the most corporate relocations and expansions.
CBRE explained that the trend of corporate HQ relocations reflects the desire of companies to seek new environments to support their goals and workforce needs.
“Ultimately, companies are seeking to establish themselves in locations with potential for long-term success and profitability,” CBRE said.
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This story originally appeared on our sister site, InnovationMap.