Southern Exposure

Downsizing may be rampant across most industries, but companies still need space. Whether consolidating several offices into one new one or relocating entirely, they continue to seek the right markets with the right combination of cost savings and elements to permit growth when that becomes possible again. Corporate Real Estate Strategies has identified six cities that provide that mix. While some have tasted the bitterness of rising vacancies, all are poised for future growth. The cities?Atlanta; Austin; Charlotte, N.C., and nearby Raleigh; Dallas; and Tampa?are buoyed by low costs of living, a strong higher education system, a talented and deep labor pool and, for some, local and statewide tax incentives, all of which have continued to attract corporate relocations and renewals. Interestingly, they are all in the Sunbelt, suggesting companies still find warm climates an added plus.