From the Austin Business Journal:
Meta leases up all office space in Austin's tallest tower in historic deal
Months of speculation have come to an end as California-based Meta Platforms Inc. — the parent company of Facebook — recently leased the entire commercial half of Sixth and Guadalupe, the 66-story high-rise under construction that will be Austin's tallest building when finished.
Meta confirmed to Austin Business Journal that it leased 589,000 square feet of office space across 33 floors at Sixth and Guadalupe, located downtown at 400 W. Sixth St. The lease was signed Dec. 31.
“We first came to Austin over 10 years ago with just seven employees, now over 2,000 of us are proud to call Austin home. We’re committed to Austin and look forward to growing here together,” Katherine Shappley, head of Meta's Austin office and vice president for commerce customer success, said in a statement.
California-based Meta also announced it is looking to hire 400 more people in Austin. As of last summer, <a href="https://www.bizjournals.com/austin/subscriber-only/2021/07/30/the-list-austin-area-employers.html" target="_blank" >the company had about 2,000 local employees</a>, which ranked No. 25 among the largest private-sector employers in the region. Given the new lease and other Meta offices in Austin, the company could grow significantly beyond that mark in coming years.
The 589,000 square feet of office space in Sixth and Guadalupe is larger than the entire Frost Bank Tower.
That is not a branch office for every long. Makes perfect sense for them - get out of the high corporate taxes. California city planners are probably hitting the bottle about now - losing all that sweet sweet tax revenue.
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