AUSTIN, TEXAS – March 23, 2022 – JLL announced today that Tricentis, a leader in test automation, has signed a lease to occupy 42,019 square feet of office space within the newly completed second phase of Uplands Corporate Center. This office marks the company’s first location in Austin.
“Austin is home to a vibrant community of talented professionals and resources,” said Jacki Hertenstein, Chief People Officer at Tricentis. “With the city’s immense growth in the technology sector and access to a stellar talent pool, Austin is an ideal location for this new office.”
Tricentis plans to hire more than 100 employees across such departments as Marketing, Finance, Engineering, and Operations.
“Over the past few years, the city has seen a rapid influx of technology companies making their mark on Austin,” said Russell Young, Managing Director at JLL. “We are pleased to have worked with Tricentis to find the perfect space to make their mark in the Austin market.”
According to JLL’s Q4 2021 Austin Office Insight, Austin’s office environment ended the year with 700,999 square feet of positive absorption. Looking forward to 2022, vacancy is expected to decrease as leasing activity has increased each quarter since Q3 2020. In turn, average asking rents have started to climb, reflecting the optimistic outlook for Austin’s office market.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.