07/25/2024
PepsiCo has relocated its 40-year-old Austin warehousing operation to Pflugerville, moving 300 jobs and adding 30 new positions.
Pflugerville, 20 miles northwest of downtown Austin, is emerging as a distribution and industrial hub, attracting major companies like Amazon and Applied Materials.
The new 160,000-square-foot Pflugerville facility, with potential for expansion, indicates a trend of businesses seeking larger spaces outside the city center.
This move may affect housing demand and rental prices with Pflugerville housing prices increasing due to a rising housing demand near the new warehouse.
Recent leasing trends show rental prices for 2-3 bedroom, 2 bathroom homes now average $2,100 per month for homes within a 10 minute driving distance to the factory.
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Source: The Business Journals