As Companies Move to Texas, Kilroy Realty Follows
We have seen several big tech companies decide to move or expand operations out of California's Silicon Valley and into cheaper locations, particularly Austin, Texas. Tesla, Apple, and Alphabet are just some of the big-name companies that have decided to plant a flag in the Lone Star State.
Office real estate investment trust (REIT) Kilroy Realty (NYSE: KRC) recently made a splashy purchase to enter the Austin market and take advantage of this partial exodus.
Austin, Texas. Image source: Getty Images.
Source Fool.com
