Key facts
- Apollo Global Management is reportedly nearing a decision on its second U.S. headquarters.
- Austin, Texas, is the favored location for the new office.
- The company is evaluating its real estate needs and corporate footprint.
Apollo Global Management is reportedly nearing a decision on where to establish its second U.S. headquarters, with Austin, Texas, emerging as the favored location. The investment firm is said to be close to finalizing its choice, signaling a significant corporate real estate move.
The selection of Austin would place Apollo in a city experiencing substantial office-using job growth, despite current high vacancy rates in its commercial real estate market. This trend is echoed in other markets, with various investment firms and developers actively engaging in office campus acquisitions and large-scale project developments across the country, from Dallas to Miami.