What does the recent surge of technology-based companies downsizing have to do with tenants looking for office space?

A lot.   Austin’s office market has not seen this much sublease space on the market for more than a decade.  Just recently, vacancy rates were hovering around 5-10%.  I believe the market is actually closer to 30 percent vacant if you account for sublease space now on the market. Companies with leases expiring in …