As reported in today’s Austin American Statesman, LiveOps is moving their corporate headquarters from Redwood City, California, which is located about 20 miles south of San Francisco, to Cedar Park, Texas which is located about 5 miles north of Austin. All of their 80 employees have been offered jobs at the Cedar Park facility and they will be looking to bring on new staff for positions in sales, operations, human resources, marketing and engineering. The total number of employees for the Cedar Park HQ is projected to be 155.
Firms are leaving California or choosing to expand their operations to the Austin area because the economics of such a move, although initially costly, makes good economic sense. Our cost of living is less than California and the overall cost of doing business here vs. there is much better. Just more good reasons to benefit from owning Austin area residential rentals, these folks have to live somewhere, so why not rent from us?!