The state capital, Austin and its status as a university center has long carried an image as the youthful capital of cool in Texas - at times self-referenced as the "The Live Music Capital of the World" due the preponderance of live venues and festivals such as SXSW. Similarly, the Austin Film Festival draws people from all over the world, as do the area’s museums and live theater culture. Austin, however, is also one of the fastest growing cities in the country, and has regularly been featured among the top 5 cities by economic growth in recent studies. The young and rapidly expanding population is ideal for small businesses, and office
space for rent in Austin is in continually high demand as a result. As the city has grown, its professional sector has become one of the most dynamic in the country as well. In recent years, the downtown area has been the focus of intense demand, with many available office spaces for lease in Austin being snapped up by high-technology, biotech, energy, financial services and law firms.The city’s record growth, favorable climate, and dynamic, young population seem poised to continue drawing new businesses for years to come.