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Commercial Real Estate in Austin, TX - 1,329 Properties Available

  • Perry Brooks Tower - Austin
    720 Brazos Street, Downtown Austin, Austin, TX 78701
    For Lease $34/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 10,714 Sqft
  • Westech 360 - Austin
    8911 North Capital of Texas Hwy, Northwest Hills, Austin, TX 78759
    For Lease $27.5 - $28/Sqft/Year
    Property
    • Office
    Availability
    • 7 Spaces
    • 26,928 Sqft
  • Briarcroft Building - Austin
    12710 Research Blvd, Great Hills, Austin, TX 78759
    For Lease $17 - $18/Sqft/Year
    Property
    • Office
    Availability
    • 8 Spaces
    • 34,654 Sqft
  • 201 & 203 Colorado Street - Austin
    201 Colorado Street, Downtown Austin, Austin, TX 78701
    For Lease $40/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 41,469 Sqft
  • Park Terrace Office Building - Austin
    1301 West 25th Street, West University, Austin, TX 78705
    For Lease $30/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 4,977 Sqft
  • Four Barton Skyway - Austin
    1301 South Mopac Expwy, Barton Hills, Austin, TX 78746
    For Lease $36/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 6,900 Sqft
  • 1705 Guadalupe Street - Austin
    1705 Guadalupe Street, Downtown Austin, Austin, TX 78701
    For Lease $35/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 10,441 Sqft
  • 3900 San Clemente - Austin
    3900 North Capital of Texas Hwy, Westlake, Austin, TX 78746
    For Lease $32/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 34,810 Sqft
  • Frontera Crossing - Austin
    101 West Louis Henna Blvd, Wells Branch, Austin, TX 78728
    For Lease $22.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 49,379 Sqft
  • Research Park - Tech Center II - Austin
    12515-2 Research Blvd, Angus Valley, Austin, TX 78759
    For Lease $18.5/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 82,813 Sqft
  • GREAT HILLS CORP CENTER I - Austin
    9020 North Capital of Texas Highway, Great Hills, Austin, TX  78759
    For Lease $22/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 6,812 Sqft
  • 823 Congress - Austin
    823 Congress Avenue, Downtown Austin, Austin, TX 78701
    For Lease $36 - $41/Sqft/Year
    Property
    • Office
    Availability
    • 9 Spaces
    • 28,089 Sqft
  • One Highland Center - Austin
    314 East Highland Mall Blvd, Highland, Austin, TX 78752
    For Lease $24 - $26/Sqft/Year
    Property
    • Office
    Availability
    • 13 Spaces
    • 22,146 Sqft
  • Stillhouse Canyon Office Park - Austin
    4807 Spicewood Springs Road, Cat Mountain, Austin, TX 78759
    For Lease $18/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 8,588 Sqft
  • 800 Brazos - Austin
    800 Brazos Street, Downtown Austin, Austin, TX 78701
    For Lease $22 - $42/Sqft/Year
    Property
    • Office
    Availability
    • 5 Spaces
    • 9,961 Sqft
  • Westpark Office Complex - Austin
    8140 North Mopac Expwy, Northwest Hills, Austin, TX 78759
    For Lease $21/Sqft/Year
    Property
    • Office
    Availability
    • 5 Spaces
    • 8,255 Sqft
  • 6907 North Capital of Texas Hwy - Austin
    6907 North Capital of Texas Hwy, Cat Mountain, Austin, TX 78731
    For Lease $21 - $22/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 24,272 Sqft
  • Stratum Executive Center - Austin
    11044 Research Blvd, Great Hills, Austin, TX 78759
    For Lease $25 - $26/Sqft/Year
    Property
    • Office
    Availability
    • 13 Spaces
    • 48,979 Sqft
  • La Costa Corporate Park - Austin
    6448 East US Route 290, St Johns, Austin, TX 78723
    For Lease $12/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 5,269 Sqft
  • Creative Office at MetCenter - Building B - Austin
    8000 Metropolis Drive, Colorado Crossing, Austin, TX 78744
    For Lease $25.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 67,625 Sqft
  • UFCU Plaza - Austin
    8303 North Mopac Expwy, North Shoal Creek, Austin, TX 78749
    For Lease $25.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 2,477 Sqft
  • CITY VIEW 1 - Austin
    1120 South Capital of Texas Highway, Bee Cave Woods, Austin, TX  78746
    For Lease $22.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 2,815 Sqft
  • Heritage Point - Austin
    13915 North Mopac Expwy, Wells Branch, Austin, TX 78728
    For Lease $17.5/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 4,730 Sqft
  • AUSTIN OAKS - BUCHANAN - Austin
    3409 Executive Center Drive, Northwest Hills, Austin, TX  78731
    For Lease $22/Sqft/Year
    Property
    • Office
    Availability
    • 6 Spaces
    • 5,817 Sqft
  • River Place V, VI & VII - Austin
    6500 River Place Blvd, River Place, Austin, TX 78730
    For Lease $25.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 11,818 Sqft

Austin, TX Economic Overview

Location Photo

As the capital of Texas and the fastest growing city in the U.S., Austin is home to nearly 2 million people. Austinites are a diverse, some might say quirky, mix of students, musicians, blue collar workers, government employees, high-tech entrepreneurs, and is home to a lively LGBT community. Over the years, Austin has emerged as a booming center for high-technology and business, with companies such as Amazon, Apple, eBay and Google having a major corporate presence in the city. Nicknamed 'Silicon Hills', the commercial real estate market in Austin is driven by a perfect blend of high-tech, pharmaceutical and biotechnology companies along with plenty of private capital investment and government enterprise.

U.S. News has ranked Austin as the #1 place to live in the country and Forbes Magazine has ranked the city as the 14th best place for business and careers. The most recent GDP for the Austin metropolitan statistical area came in at $86 billion, driven in large part by the region's booming growth, major center for high-tech, and the consistent stream of highly-educated engineering and computer science graduates that the University of Texas at Austin funnels into the economy of Austin each year.

Business and industry is as diverse as its residents are, with a near perfect combination of high-technology companies, government employment, biotechnology, life science, manufacturing, defense, business and finance. Venture capital likes what it sees in Austin, and the city is one of the top recipients of these investments in the country.

Austin, TX Commercial Real Estate Market

With nearly 50 million square feet of office inventory in Austin, and almost 3 million square feet in the pipeline as of mid-2017, investors in the office market in Austin continue to be bullish on this asset class. The Central Business District continues to be the #1 location for tenant demand driven by the needs of the professional and business service sectors, while the submarkets of North/Domain and Central East Austin offer tenants slightly more attractive rental rates. Office space is also in high demand in McKinney, Westlake and River Oaks.

The industrial market in Austin continues to hold its own, with projected vacancy, net absorption, new construction hitting the market, and product in the pipeline all pointing in the right direction. The East and Southeast Austin submarkets account for most the industrial commercial real estate in Austin, allowing for the development of both new industrial and flex product. Elsewhere in Austin industrial product may be in short supply as older, existing properties are turned into mixed-use and creative office space.

The strong economy, population and job growth help to explain the record high 96.2% occupancy rate for the commercial retail real estate sector in Austin. With over 48 million square feet of inventory in the market and a job growth of over 3.5% last year, the tenant demand for retail space in Austin is projected to continue hitting record levels. Recent major retail leasing activity includes new space absorbed by Nordstrom, Randalls, H-E-B, Dick's Sporting Goods and Walmart.

This year Austin was ranked by the Urban Land Institute as the #1 City for Real Estate Investment and Development, another sign that both national and international capital will continue to find Austin a rewarding market in which to develop and invest.

Austin, TX Office Sales Volume

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Austin, TX Office Transactions

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Austin, TX Commercial Inventory Breakdown

Office Spaces

Total: 101,151,878 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 14,659,255 SF / 14.49% of total office
  • 100k to 500k SF: 65,286,445 SF / 64.54% of total office
  • 500k to 1M SF: 13,737,256 SF / 13.58% of total office
  • > 1M SF: 7,468,922 SF / 7.38% of total office

By class:

  • Class A+: 6,411,247 SF / 6.34% of total office
  • Class A: 43,364,049 SF / 42.87% of total office
  • Class B: 28,805,484 SF / 28.48% of total office
  • Class C: 1,255,627 SF / 1.24% of total office

Industrial

Total: 35,982,836 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 4,300,032 SF / 11.95% of total industrial
  • 100k to 500k SF: 22,200,453 SF / 61.7% of total industrial
  • 500k to 1M SF: 1,467,437 SF / 4.08% of total industrial
  • > 1M SF: 8,014,914 SF / 22.27% of total industrial

Office Spaces with Retail

Total: 139,942 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 100k to 500k SF: 139,942 SF / 100% of total office with retail

By class:

  • Class B: 139,942 SF / 100% of total office with retail

Employment in Austin, TX

Employment

Attracted by the Austin job market's low employment rate of barely 3%, job growth of 6%, a population growth of over 3%, an affordable cost of living and a lifestyle that many consider second to none, employers have no trouble finding well-educated, highly qualified people.

Corporate headquarters from around the country come to Austin for its skilled, multi-tiered workforce and the strong regional infrastructure. Key industries in Austin include: Advanced Manufacturing, Creative & Digital Media Technology, Life Sciences, Clean Energy & Power Technology, Data Management, and Space Technology. There are over 74,000 people employed in professional, scientific and technical jobs; over 86,000 in health care and social assistance, and nearly 42,000 in wholesale trade.

Major employers in Austin include the City of Austin, Austin Independent School District, Dell, the U.S. Federal Government, NXP Semiconductors, IBM, St. David's Healthcare Partnership, the State of Texas, Texas State University, and the University of Texas at Austin. 

Other companies located in Austin include 3M, Apple, Amazon, AMD, Cirrus Logic, Cisco Systems, eBay, PayPal, Facebook, Google, Hewlett-Packard, Oracle, Qualcomm, and Samsung.

Education in Austin, TX

Austin was recently ranked by Central Connecticut State University as the 16th most literate city in the U.S., with over 43% of Austin residents holding a bachelor's degree and 16% holding an advanced degree. The University of Texas at Austin graduates thousands of engineering and computer science students each year to satisfy the demand of the business community.

The University of Texas at Austin has over 38,000 undergrads and 12,000 graduate students enrolled and was recently ranked as the 17th best public university in the country by U.S. News & World Report. The University has the highest-ranked engineering, business and law programs in the entire State of Texas and has annual research expenditures of nearly $600 million.

Other colleges and universities in the Austin area include Austin Community College, the Austin campus of Virginia College, The Art Institute of Austin, St. Edward's University and Concordia University.

Austin has an extensive network of both public and private primary and secondary education schools. There are 29 public school districts, 17 charter schools and 69 private schools. The Eanes and Round Rock public schools districts are both rated by Expansion Management magazine as 'gold medal' school districts.

Commuting Time in Austin, TX

While Austin ranks #1 as the fastest growing city in the U.S. and the #1 best place to live, it unfortunately also ranks #1 as the city where work-week commuters spend the most time sitting in their cars, not moving.

While the majority of Austinites commute by car, its transportation infrastructure offers plenty of alternatives:

  • The I-35, Mopac Expressway, U.S. Highway 183 and State Highway 71 all pass through Austin.
  • Mass transit in Austin is operated by Capital Metro which provides bus service, and is continuing to develop light rail service to connect Downtown, East Austin, North Central Austin and Northwest Austin, with future extensions to link Downtown with the University of Texas at Austin and the airport.
  • Cycling is used by over 2% of commuters to pedal to and from work each day, and that number is consistently growing. Austin is known as the most bicycle-friendly city in Texas and was recently ranked by Bicycling Magazine as #7 in the country.
  • Austin-Bergstrom International Airport is located just five miles southeast of Austin and provides air service for the metro area.

Austin Demographics

Population

  • Total Population916,906
  • Male Population(50.6 %) 463,869
  • Female Population(49.4 %) 453,037
  • Median Age32.70

Income/Financial

  • Average Household Income$91,811
  • Median Household Income$63,717
  • Median Income Under 25$27,321
  • Median Income 25-44$65,661
  • Median Income 45-64$75,663
  • Median Income Over 65$53,690

News

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COMMERCIALCafé is your first and only stop when it comes to commercial real estate leasings in Austin, TX. Search through our extensive selection of commercial properties for lease with current space availability in the area ranging between 2477 square feet and 82813 square feet. Discover the right property from our 1329 listings by using our advanced search function, which includes search by property type, space availability, management company, lease rates, and more.