John Deere to Open Austin Tech Hub

1333 S. Congress Ave. Image courtesy of Deere & Co.

Deere & Co. continues to expand its U.S. presence with the addition of a new office in Austin, Texas. The company announced it will open its new “innovation hub” at 1333 S. Congress Ave., as a space for data scientists and engineers along with engineers specialized in embedded software, systems, computer vision and machine learning operations.

Deere & Co. says it chose Austin for its new tech hub because of the city’s diverse tech talent pipeline supported by its universities and startup communities, Andrez Carberry, director of global HR operations at John Deere, said in prepared remarks.

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John Deere will occupy the upper two floors encompassing 10,000 square feet and will employ between 75 to 100 people at the location, according to Austin Inno. The 21,939-square-foot building was completed in 1955 and is owned by Clarion Partners, CommercialEdge data shows. The ground-floor retail is occupied by boot company Tecovas.

The new office is less than 2 miles from downtown and within a mile of St. Edward’s University.

Austin continues to draw investor interest. Last year, total office sales volume in Austin reached $1.9 billion, a sharp improvement year-over-year, since office deals in 2020 amounted to merely $175 million, according to CommercialEdge data. The average sale price also rose significantly, averaging $441 per square foot, far surpassing Sun Belt metros such as Charlotte ($358) and Dallas ($245).