Nick Pipitone

The corporate headquarters relocation pipeline from California to Texas was a well-worn story during the pandemic’s early days. The relocation of numerous Silicon Valley companies into the Lone Star State became a point of significant pride for Texans. Recent reports show corporate headquarters relocations have notably cooled. With the dust settled on major moves within the past few years, an analysis of these relocations shows how much Texas and other states gained. However, the complete picture of corporate headquarters relocations is a bit more nuanced.

Interest is at a fever pitch, but success is far from a sure thing. T he ASC market continues its rapid growth. In 2023, roughly 116 new ASCs opened in the U.S., many of which were orthopedic-specific in nature. The lower cost of ortho care in an ASC setting is driving a surge in investment, as treatment costs approximately 40% less at ASCs than at HOPDs, according to research from the Rothman Orthopaedic Institute in Philadelphia.

The Pepper Canyon West housing complex at UC San Diego (Image: Perkins & Will)

California, the birthplace of C-PACE, showcases its success with the $172 million sustainability upgrade of PG&E's headquarters at 300 Lakeside Drive in Oakland. (Image: Wikimedia Commons)

North Kansas City Schools transformed a vacant 112,000 SF retail space into a vibrant early childhood education center. (Image: DLR Group)

The combination of high interest rates and a large volume of maturing debt in 2024 could force a wave of asset sales, restructurings, or even project failures.

RealPage, a property management software company, is embroiled in legal battles over allegations that its pricing software enables landlords to collude and inflate rents. The software, YieldStar, uses algorithms to suggest prices, and critics argue this facilitates price-fixing. These cases could have major implications for the use of algorithmic pricing across industries and how antitrust laws are applied in the digital age.

In 2023, Jacksonville, Florida, was the major city that experienced the highest population growth by percentage, increasing by 2.2%.

TikTok has leased around 132,000 square feet in Bellevue's Lincoln Square North tower, previously occupied by Microsoft, as part of its US office expansion. (Image: Broderick Group)

High-performing offices in 2023 were often suburban, Class B or C, and catered to non-tech and non-finance tenants.