{"id":1004723228,"date":"2022-06-03T00:02:00","date_gmt":"2022-06-03T08:02:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004723228"},"modified":"2024-08-05T00:27:10","modified_gmt":"2024-08-05T08:27:10","slug":"5-states-that-are-corporate-relocation-magnets","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/5-states-that-are-corporate-relocation-magnets\/","title":{"rendered":"5 States That Are Corporate Relocation Magnets"},"content":{"rendered":"<p>In the past couple of years, states such as California and New York have seen the largest outflux of residents, fueled by employees\u2019 ability to work from anywhere and their need to escape dense urban environments. Many companies chose to follow their employees and relocate their headquarters to more business-friendly states in order to reduce their overall costs and improve efficiencies, but also to pursue further growth by accessing the highly talented employment pool generated by local universities.<\/p>\n<hr \/>\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/the-pandemic-related-acceleration-of-sun-belt-office-markets\/\" target=\"_blank\" rel=\"noopener\">The Sun Belt\u2019s Surging Office Market<\/a><\/p>\n<hr \/>\n<p><em>Commercial Property Executive<\/em> identified five states that attracted some of the most notable corporate relocations since the onset of the health crisis. The opportunities in these states, coupled with their local support systems, are hard to match by other environments in the country. This is why commercial real estate experts expect these states to continue to attract even more corporate relocations and expansions going forward.<\/p>\n<h2>Companies moving to Texas<\/h2>\n<div id=\"attachment_1004558778\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/Austin.-Image-by-trudi-via-Pixabay.com_-e1637667233493.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004558778\" data-attachment-id=\"1004558778\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/its-official-samsung-picks-texas-for-17b-chip-plant\/austin-image-by-trudi-via-pixabay-com\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/Austin.-Image-by-trudi-via-Pixabay.com_-e1637667233493.jpg\" data-orig-size=\"1052,790\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Austin. Image by trudi via Pixabay.com\" data-image-description=\"&lt;p&gt;https:\/\/pixabay.com\/photos\/austin-texas-architecture-skyline-173907\/&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Austin. Image by trudi via Pixabay.com&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/Austin.-Image-by-trudi-via-Pixabay.com_-e1637667233493.jpg?w=1024\" class=\"wp-image-1004558778 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/Austin.-Image-by-trudi-via-Pixabay.com_-e1637667233493.jpg?w=300\" alt=\"corporate relocations austin\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/Austin.-Image-by-trudi-via-Pixabay.com_-e1637667233493.jpg 1052w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/Austin.-Image-by-trudi-via-Pixabay.com_-e1637667233493.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/Austin.-Image-by-trudi-via-Pixabay.com_-e1637667233493.jpg?resize=768,577 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/Austin.-Image-by-trudi-via-Pixabay.com_-e1637667233493.jpg?resize=1024,769 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004558778\" class=\"wp-caption-text\">Austin. Image by trudi via Pixabay.com<\/p><\/div>\n<p>With its pro-business climate, access to talent, solid fundamentals and low tax rates, Texas has seen more corporate relocations since the onset of the pandemic than any other state in the country. Most of these moves were part of the exodus from Silicon Valley, generated by California\u2019s high tax rates and unaffordable housing costs that have made living and doing business difficult within the state.<\/p>\n<p>Austin became <a href=\"https:\/\/www.commercialsearch.com\/news\/austin-office-development-still-strong\/\" target=\"_blank\" rel=\"noopener\">a highly sought-after destination<\/a> for tech giants such as <strong>Tesla<\/strong>, which announced its relocation from Palo Alto, Calif.,\u00a0to the metro last year. Data center powerhouse <strong>Digital Realty<\/strong>\u00a0and <strong>Oracle <\/strong>also moved to Austin from Redwood City, Calif., in the first year of the pandemic. Other notable names include venture firm 8VC and software company FileTrail, both relocating from San Jose, Calif., to Silicon Hills due to their rapid growth and need to accommodate their rapidly expanding teams. <strong>CrowdStreet<\/strong> also opened a second office and relocated its corporate headquarters from Portland, Ore., in 2021.<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/Resource\/?resource=Construction%E2%80%99s+Big+Question%3A+Will+Costs+Stabilize%3F\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004601251\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/russell-reynolds-signs-15k-lease-at-609-main-at-texas\/constructions-big-question-will-costs-stabilize-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/Constructions-Big-Question-Will-Costs-Stabilize-1.png\" data-orig-size=\"1200,300\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Constructions-Big-Question-Will-Costs-Stabilize-1\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/Constructions-Big-Question-Will-Costs-Stabilize-1.png?w=1024\" class=\"aligncenter wp-image-1004601251\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/Constructions-Big-Question-Will-Costs-Stabilize-1.png?w=696\" alt=\"Construction\u2019s Big Question: Will Costs Stabilize?\" width=\"800\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/Constructions-Big-Question-Will-Costs-Stabilize-1.png 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/Constructions-Big-Question-Will-Costs-Stabilize-1.png?resize=300,75 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/Constructions-Big-Question-Will-Costs-Stabilize-1.png?resize=768,192 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/Constructions-Big-Question-Will-Costs-Stabilize-1.png?resize=1024,256 1024w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/steady-office-vacancy-in-dallas-fort-worth\/\" target=\"_blank\" rel=\"noopener\">Another appealing metro in the Lone Star State is Dallas.<\/a> According to a 2021 report from CBRE, tech companies were responsible for 38 percent of office space leases in the metro throughout the year. Fortune 500 company <strong>AECOM<\/strong> relocated its global headquarters from Los Angeles to the city in October 2021. Meanwhile, foreign companies such as Tel Aviv-based BackBox and Dublin-based software firm Origin moved across the pond and opened their first U.S. headquarters in Dallas and Plano, respectively.<\/p>\n<p>Thanks to changing business needs and employee lifestyle preferences, as well as opportunities for cost savings, <strong>Hewlett Packard<\/strong>\u2014which already had a substantial presence in the Houston metro\u2014announced its move from San Jose to the city in 2020.<\/p>\n<h2>Companies moving to Florida<\/h2>\n<div id=\"attachment_1004556143\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/downtown-Miami.-Image-by-Vangelis-Kovu-via-Unsplash-e1635504193247.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004556143\" data-attachment-id=\"1004556143\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/what-are-office-tenants-looking-for-in-south-florida\/downtown-miami-image-by-vangelis-kovu-via-unsplash\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/downtown-Miami.-Image-by-Vangelis-Kovu-via-Unsplash-e1635504193247.jpg\" data-orig-size=\"1200,900\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1635514866&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"downtown Miami. Image by Vangelis Kovu via Unsplash\" data-image-description=\"&lt;p&gt;https:\/\/unsplash.com\/photos\/wohQ3ofJBGA&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Downtown Miami. Image by Vangelis Kovu via Unsplash&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/downtown-Miami.-Image-by-Vangelis-Kovu-via-Unsplash-e1635504193247.jpg?w=1024\" class=\"wp-image-1004556143 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/downtown-Miami.-Image-by-Vangelis-Kovu-via-Unsplash-e1635504193247.jpg?w=300\" alt=\"corporate relocations miami\" width=\"300\" height=\"225\" \/><\/a><p id=\"caption-attachment-1004556143\" class=\"wp-caption-text\">Downtown Miami. Image by Vangelis Kovu via Unsplash<\/p><\/div>\n<p>The major exodus into Florida from pricier gateway markets is also notorious. Companies are attracted to the Sunshine State\u2019s highly educated and diverse talent pool, favorable tax environment, quality of life and warm weather, as well as ample residential and commercial options that provide quality live-work-play settings.<\/p>\n<p>\u201cCompanies in the finance and tech sectors make up the largest share of new-to-market office lease transactions. Most recently, we are seeing increased demand from the legal sector and other professional services firms,\u201d Tere Blanca, CEO of Miami-based Blanca Commercial Real Estate, told <em>CPE<\/em>.<\/p>\n<p>Miami emerged as one of the biggest winners from the pandemic, being one of the few office markets where <a href=\"https:\/\/www.commercialsearch.com\/news\/miami-catches-up-with-manhattan\/\">vacancy declined<\/a> in the past year, according to CommercialEdge data.\u00a0The metro attracted a series of corporate relocations from New York and Connecticut, including crypto companies <strong>Blockchain.com<\/strong> and <strong>BlockTower Capital<\/strong>, but also aircraft operator AerCap.<\/p>\n<p>Billionaire investor Carl\u00a0Icahn, CEO of <strong>Icahn Enterprises<\/strong>, moved his office, half of his staff and himself from Manhattan to nearby Sunny Isles Beach. Colony Capital relocated its corporate headquarters from Los Angeles to Boca Raton, while West Palm Beach attracted the likes of Elliott Management and Point72 Asset Management, both relocating from the Northeast.<\/p>\n<hr \/>\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/miamis-mayor-on-the-citys-growing-tech-sector\">Miami\u2019s Mayor on the City\u2019s Growing Tech Sector<\/a><\/p>\n<hr \/>\n<p>Meanwhile, Central Florida became a <a href=\"https:\/\/www.commercialsearch.com\/news\/why-more-companies-are-choosing-orlando\/\">corporate relocation magnet<\/a> of its own: <strong>The Walt Disney Co.<\/strong> plans to transfer its entire Disney Parks, Experiences and Products division from California to Orlando\u2019s Lake Nona region by the end of 2022. Conti Federal Services and InnovaCare Health also leased space within the metro, moving from New Jersey and White Plains, N.Y., respectively. Further down south, Minnesota-based SkyWater Technology took over the University of Central Florida&#8217;s 109,000-square-foot lease in Kissimmee, Fla.<\/p>\n<p>Tampa\u2019s attractive cost of living, climate and abundant cultural and recreational options attracted MRA Capital Partners from New Jersey and transit packaging company Signode from Chicago, to name a few. Two Canada-based tech companies, CodeBoxx and RabbtRun also moved their headquarters to nearby St. Petersburg, largely because of the state\u2019s strong telecom and tech sectors.<\/p>\n<h2>Companies moving to Arizona<\/h2>\n<div id=\"attachment_1004551302\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/09\/Image-by-Kevin-Ellis-from-Pixabay.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004551302\" data-attachment-id=\"1004551302\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/phoenix-is-thriving-heres-why\/image-by-kevin-ellis-from-pixabay\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/09\/Image-by-Kevin-Ellis-from-Pixabay.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Phoenix. Image by Kevin Ellis from Pixabay\" data-image-description=\"&lt;p&gt;https:\/\/pixabay.com\/photos\/phoenix-landscape-hot-urban-desert-5452848\/&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Phoenix. Image by Kevin Ellis via Pixabay&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/09\/Image-by-Kevin-Ellis-from-Pixabay.jpg?w=800\" class=\"wp-image-1004551302 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/09\/Image-by-Kevin-Ellis-from-Pixabay.jpg?w=300\" alt=\"corporate relocations phoenix\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/09\/Image-by-Kevin-Ellis-from-Pixabay.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/09\/Image-by-Kevin-Ellis-from-Pixabay.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/09\/Image-by-Kevin-Ellis-from-Pixabay.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004551302\" class=\"wp-caption-text\">Phoenix. Image by Kevin Ellis via Pixabay<\/p><\/div>\n<p>Arizona is attracting relocating businesses through its pro-business legislation, enforced by a no corporate franchise tax policy. Access to great labor, diverse real estate opportunities and affordability\u2014both on the commercial real estate and lifestyle fronts\u2014transformed the state into one of the top destinations for corporate relocations.<\/p>\n<p>Ryan Bartos, senior managing director at <strong>JLL<\/strong>, believes<a href=\"https:\/\/www.commercialsearch.com\/news\/office-vacancy-plateaus-in-phoenix\/\" target=\"_blank\" rel=\"noopener\"> Phoenix\u2019s office inventory<\/a> in particular is filled with well-located, high-end construction, dubbed as environments that foster collaboration and offer comforts that assist with retaining and attracting talent.<\/p>\n<p>\u201cThe greatest amount of local office interest and activity has come from technology firms,\u201d he said. One of the biggest names is <strong>Sendoso<\/strong>, which ditched San Francisco for Phoenix in a move expected to be completed by November 2022. Relocations like these converted Phoenix from a &#8220;fly over&#8221; city into a solid Tier 2 market, competing with the likes of other dynamic markets such as Austin or Denver, Bartos added.<\/p>\n<p>Tempe, which is part of the Phoenix metropolitan area, has also been attracting a diverse roster of companies from the Bay Area, such as Moov and Align Technology. Canadian company Exro Technologies located its U.S. headquarters within the state, choosing Mesa as its flagship. Further down south, tech company Viavi Solutions relocated from San Jose, Calif., to Chandler. Property technology company HomeLight also announced that it was moving its San Francisco headquarters to Scottsdale.<\/p>\n<h2>Companies moving to Georgia<\/h2>\n<div id=\"attachment_1004577925\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/buildings-g824238d51_1920-e1650892374479.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004577925\" data-attachment-id=\"1004577925\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/us-real-estate-markets-lead-global-investor-favorites-afire\/buildings-g824238d51_1920\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/buildings-g824238d51_1920-e1650892374479.jpg\" data-orig-size=\"800,599\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"buildings-g824238d51_1920\" data-image-description=\"&lt;p&gt;Atlanta skyline. Image by ericstokley via PIxabay.com&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Atlanta skyline. Image by ericstokley via PIxabay.com&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/buildings-g824238d51_1920-e1650892374479.jpg?w=800\" class=\"wp-image-1004577925 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/buildings-g824238d51_1920-e1650892374479.jpg?w=300\" alt=\"corporate relocations atlanta\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/buildings-g824238d51_1920-e1650892374479.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/buildings-g824238d51_1920-e1650892374479.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/buildings-g824238d51_1920-e1650892374479.jpg?resize=768,575 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004577925\" class=\"wp-caption-text\">Atlanta skyline. Image by ericstokley via PIxabay.com<\/p><\/div>\n<p>Home to various Fortune 500 companies and a rapidly growing startup environment, Georgia\u2019s diverse culture provides opportunities for businesses to thrive. Since 2021, the Atlanta metro has been providing new monetary incentives for purchasing facilities and offices, becoming one of the most sought-after places for companies to place their headquarters.<\/p>\n<p>According to a 2021 <a href=\"https:\/\/www.cbre.us\/-\/media\/cbre\/countryunitedstates\/us-research\/major-reports\/2021\/scoring-tech-talent-media-folder\/2021-scoring-tech-talent.pdf\">report from CBRE<\/a>, the Georgia Institute of Technology produces the highest number of tech graduates per year in the nation. What\u2019s more, the metro\u2019s multiple tech incubators\u2014Atlanta Tech Village, Atlanta Tech Park and Propel, to name a few\u2014act as catalysts for the sector\u2019s long-term growth.<\/p>\n<p>Some of the biggest names to move within the state is Netherlands-based e-mobility charging system leader <strong>Heliox<\/strong>, which decided to locate both its North American headquarters and research and development training facility in Atlanta. This way, the company is closer to both its customers and a highly educated talent pool.<\/p>\n<p>One of the latest additions to the city\u2019s prestigious tenant roster includes Seattle-based Outreach, a sales engagement software business which announced its plans to open a new regional headquarter building in the area. Other names include the former ServiceMaster Brands\u2014now known as Terminix Global Holdings\u2014which moved its headquarters from downtown Memphis, Tenn., as well as Railroad company <strong>Norfolk Southern<\/strong>, which relocated from Virginia to Midtown Atlanta in a move initially intended as a recruiting tool, but ultimately became a full-scale relocation.<\/p>\n<p>Kentucky-based pizza giant <strong>Papa John&#8217;s International<\/strong>, one of the country&#8217;s largest pizza makers, also moved into its new Atlanta headquarters last year. Outside the metro, <strong>Remington<\/strong>\u2014the nation&#8217;s oldest gun manufacturer\u2014moved its flagship from Ilion, N.Y., to LaGrange.<\/p>\n<h2>Companies moving to Tennessee<\/h2>\n<div id=\"attachment_1004495527\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Photo-by-Tanner-Boriack-on-Unsplash.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004495527\" data-attachment-id=\"1004495527\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-5-self-storage-markets-for-transaction-activity\/photo-by-tanner-boriack-on-unsplash\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Photo-by-Tanner-Boriack-on-Unsplash.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Nashville. Photo by Tanner Boriack on Unsplash\" data-image-description=\"&lt;p&gt;https:\/\/unsplash.com\/photos\/GmoaEH48m8c&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Nashville. Photo by Tanner Boriack via Unsplash&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Photo-by-Tanner-Boriack-on-Unsplash.jpg?w=800\" class=\"wp-image-1004495527 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Photo-by-Tanner-Boriack-on-Unsplash.jpg?w=300\" alt=\"corporate relocations nashville\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Photo-by-Tanner-Boriack-on-Unsplash.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Photo-by-Tanner-Boriack-on-Unsplash.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Photo-by-Tanner-Boriack-on-Unsplash.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004495527\" class=\"wp-caption-text\">Nashville. Photo by Tanner Boriack via Unsplash<\/p><\/div>\n<p>Entrepreneurs who are seeking a pro-business environment for their companies or who want to relocate for better opportunities, lower taxes and living expenses, are also choosing Tennessee.<\/p>\n<p>While most people visit the Music City for its rich lifestyle, Nashville is seeking to attract businesses with incentives such as job tax credits, infrastructure assistance, energy credits, low-cost loans and grants. In addition, there\u2019s preferential local tax treatment for companies\u2014Nashville is an easy place to recruit and also a place that employers\u2019 existing employees are willing to relocate to.<\/p>\n<p>\u201cWe have seen interest from multiple types of companies wanting to move to Nashville, but the tech companies seem to get the most press. Overall, the quality of life and number of college graduates moving here have the attention of all companies,\u201d Sarah Pettigrew, executive vice president for JLL Nashville, told <em>CPE<\/em>.<\/p>\n<p><strong>NTT Data<\/strong> was one of the companies that chose to move its global headquarters to Nashville from Plano, Texas. Other examples include Revance Therapeutics, which moved from Newark, Calif., health-care tech startup DARVIS from San Francisco and health-care software firm HST Pathways from Lafayette, Calif. One of the largest moves was The Daily Wire\u2019s September 2020 relocation from Los Angeles.<\/p>\n<p>Outside the Nashville metro, Tokyo-based Advanex Inc. left behind Cypress, Calif., for White House.<\/p>\n<p>According to Pettigrew, the corporate relocations are great for Nashville\u2019s economy as long as the city is prepared and plans in advance\u2014including having the proper infrastructure to accommodate the growth. \u201cNashville has a charm and authenticity to it, and as a city we will have to be careful not to lose it. With the right planning, we can grow and maintain our culture,\u201d she said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>These states have attracted notable corporate relocations since the start of the pandemic. What makes them so appealing? <\/p>\n","protected":false},"author":741,"featured_media":1004551425,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,21808,23891,21747],"tags":[36106,32796],"class_list":["post-1004723228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-featured","category-national","category-office","tag-blanca-commercial-real-estate","tag-jll"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 States That Are Corporate Relocation Magnets - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"These states have attracted notable corporate relocations since the start of the pandemic. 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