Between 2018 and 2023 almost 500 companies relocated their U.S.  headquarters, with most going to Texas, according to a CBRE report cited in CoStar. 

"During the six years, the most company moves took place in 2021 and have since edged lower, signaling a potential slowdown in corporate headquarters relocations. One reason behind the slowdown could be that higher capital costs have made it harder for companies to sell or sublease office space, according to CBRE,” the article reported. 

Austin, Texas, had more corporate headquarters relocate than any other city in the country with 66 moves, half of which were tech companies. Some of the most notable companies moving to Austin included Oracle and Tesla, which both relocated from California, according to the article. 

A headquarters move from Silicon Valley to Austin can save a company between 15% and 20% in tech employee wages, CBRE said in the piece.