Big Tech Companies Moving to Texas, But That’s Not Seattle’s Biggest Danger | Seattle RE Podcast

Not only is Dallas a major corporate center and Houston, the nation’s fourth most populous city, the capital of the oil industry, but Austin is a rising tech star.

Austin’s ascendency was emphasized recently when software powerhouse Oracle said it would move its headquarters there from Silicon Valley.

In truth, the reality is more nuanced and the threat to Silicon Valley minimal. The same can be said for Seattle.

After losing Boeing’s headquarters to Chicago in 2001, Seattle went on a nearly unprecedented boom, especially in the 2010s. But unpacking what’s driving Austin’s popularity and the implications for Seattle’s status as a major tech capital is still rewarding.

Oracle’s roots in Silicon Valley go back to the early years of the transformation of the agricultural “Valley of Heart’s Delight” to its present name. The company was founded in 1977 as Software Development Laboratories.

Join your host Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he takes a look at this developing topic.

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