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Hobbled Austin office market is poised for recovery after COVID-19

from Community Impact Newspaper

Hobbled Austin office market is poised for recovery after COVID-19 Community Impact Newspaper When internet services behemoth GoDaddy announced 331 layoffs and the closure of its Austin offices June 24 amid the coronavirus pandemic, the move signaled some of the challenges COVID-19 posed across industries, including office real estate. GoDaddy had just signed a 15-year lease in December at a new building in East Austin. Now, it is the company's responsibility to find a sublet. READ MORE

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