The world’s leading chip producer is on the hunt for more office space in Austin.
Nvidia is looking to expand its presence in the Austin metro area with a 300,000-square-foot office lease, a move that would fivefold the company’s footprint of 57,000 square feet, the Austin Business Journal reported
The Silicon Valley-based tech giant, headed by CEO Jensen Huang, has tapped CBRE’s Nate Stricklen to lead the search. CBRE and Nvidia declined to comment.
The company is eyeing a spot in North Austin, where it operates two smaller offices — 52,000 square feet at 11001 Lakeline Boulevard and 5,000 square feet at 10801 Mopac Expressway, according to CoStar.
Nvidia’s search for a larger space in Austin aligns with a broader trend of tech companies expanding in the region, a positive signal for the city’s office market, which has faced record vacancies this year.
IBM, led by CEO Arvind Krishna, is set to take over a 320,000-square-foot building in Hines Domain Northside, a 500,000-square foot office development at 11901 North MoPac Expressway, which was previously leased by Meta Platforms and is currently owned by Houston-based investment firm Hines. Meanwhile, Elon Musk’s X is also looking for office space in the area.
Nvidia’s move could further solidify Austin’s status as a growing hub for AI innovation and tech expansion.
If Nvidia secures this new office space, it would also strengthen its presence near Round Rock-based Dell Technologies, a key strategic partner. The companies have built a close alliance, with Dell leveraging Nvidia’s AI-optimized servers for its infrastructure solutions. The partnership also includes plans for constructing an AI factory.
Nvidia’s potential expansion comes at a pivotal time for the company, whose chips are at the heart of the global AI boom. As businesses worldwide ramp up investments in AI technology, Nvidia has emerged as a crucial player, often serving as a bellwether for broader economic trends in the tech sector.
— Andrew Terrell
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