Realtor.com is relocating its headquarters from Santa Clara, California, to Austin, Texas. The move reflects a larger trend of businesses shifting operations to states offering lower taxes and fewer regulations.
Key Facts:
- Realtor.com is operated by Move Inc., a News Corp. subsidiary.
- Its new headquarters is located at 901 E. Sixth St. in Austin.
- The company has occupied space there since 2019, now spanning about 60,000 square feet.
- Tesla, X, Chevron, and Charles Schwab have also relocated some or all operations to Texas.
- Texas’s business-friendly climate includes new courts designed for corporate disputes.
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The Rest of The Story:
Realtor.com’s decision highlights a wave of corporations moving to business friendly states.
The website’s chief executive officer, Damian Eales, pointed to Texas’s expanding housing stock, growing workforce, and lower cost of living as key reasons for the switch.
While Realtor.com has vacated its Santa Clara office, employees from that location continue working remotely.
Meanwhile, Austin’s office market has surged with new development, leading to a high vacancy rate near 30% at the end of last year.
https://t.co/iCSxRddaHt® Makes Austin, Texas Its New Headquarters https://t.co/SdTrUdf4Xw
— Brian Pitman (@brianpitman) February 6, 2025
Commentary:
Heavy regulation and a climate unfriendly to business are driving major companies out of high-cost states.
Texas, with its low taxes and minimal red tape, is an appealing alternative for businesses that want to keep operating costs in check.
Increasingly, corporations that do business nationwide opt for states like Texas, rather than remaining in places such as California and Delaware.
The pattern suggests that, given the choice, businesses will relocate to areas where they can thrive.
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Unless California’s leaders choose to reverse course and adopt more pro-business policies, the exodus will likely continue.
By contrast, a state that welcomes new job creation can keep its economy robust and attract further investment.
Without significant change, California may see more companies and entrepreneurs pack up and leave.
The Bottom Line:
Realtor.com’s transition to Austin is another example of a prominent business favoring Texas’s low-cost environment.
It’s a clear sign of how government policies affect companies’ decisions.
The trend shows no sign of slowing, and the pressure on states losing these businesses continues to build.
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