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Office Space for Rent in Austin, TX - 780 Listings

Austin, TX Office Overview

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Among Austin’s densest commercial real estate submarkets are the Downtown Austin Central Business District, Barton Hills, and Colorado Crossing office space. With a metropolitan population of just over 2 million people, the city carries the well-deserved nickname of 'Silicon Hills', describing how the Austin office market is driven by the technology, pharmaceutical, and biotechnology industries.

As of mid-2017, the Greater Austin commercial real estate market encompasses over 56 million square feet of existing office space, in properties larger than 50,000 square feet. As the capital of Texas and the fourth-most populous city in the State, the commercial real estate market in Austin sees robust demand for office space from the numerous technology companies headquartered in the metro area.

Austin, TX Office Inventory Description

Austin is considered a major center for the high-tech industry and is also home to Whole Foods’ world headquarters. With a gross metropolitan product of over $117 billion annually, the demand for office employment is strong. Over 54% of the office space in Austin is Class A, with Class B space adding another 45% of inventory to the Austin office market.

The Downtown Business District and the SoCo District along Lady Bird Lake see some of the strongest demand for Class A office space in Austin, and are home to prestigious office properties such as Lakeshore Tower on Barton Springs Road, and the Frost Bank Tower and San Jacinto Center in Downtown Austin.

Austin, TX Commercial Inventory Breakdown

Office Spaces

Total: 99,545,035 SF

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

By square footage range:

  • 50k to 100k SF: 14,532,151 SF / 14.6% of total office
  • 100k to 500k SF: 64,555,281 SF / 64.85% of total office
  • 500k to 1M SF: 12,986,135 SF / 13.05% of total office
  • > 1M SF: 7,471,468 SF / 7.51% of total office

By class:

  • Class A+: 3,256,731 SF / 3.27% of total office
  • Class A: 42,773,469 SF / 42.97% of total office
  • Class B: 28,474,485 SF / 28.6% of total office
  • Class C: 1,255,627 SF / 1.26% of total office

Top 10 Largest Office Buildings

in Austin

Office building Address Sqft Year built
Apple West Parmer Lane Campus , 78727 2,000,000 n/a
Broadmoor Austin - Redevelopment 11501 Burnet Road, 78758 1,570,000 n/a
305 South Congress - Office Tower 2 305 South Congress Avenue, 78704 1,500,000 n/a
3M Austin Center 6801 River Place Blvd, 78726 1,249,536 1988
6x Guadalupe 400 West 6th Street, 78701 1,151,932 n/a
7700 Parmer 7700 West Parmer Lane, 78729 913,163 2000
The Republic 308 Guadalupe Street, 78701 820,410 n/a
305 South Congress - Office Tower 1 305 South Congress Avenue, 78704 812,900 n/a
The Summit at Lantana 7171 Southwest Pkwy, 78735 812,350 2006
Block 185 601 West 2nd Street, 78701 793,883 2022

Most Recently-Built Office Buildings

in Austin

Office building Address Sqft Year built
Waterfront - Oracle Campus 2300 Cloud Way, 78710 560,000 2018
Domain 11 11920 Alterra Pkwy, 78758 324,000 2018
Domain Tower 10721 Domain Drive, 78758 309,883 2018
Texas Mutual Insurance Company Headquarters 2200 Aldrich Street, 78723 274,920 2018
Preserve at 620 8201 North FM 620, 78726 226,329 2018
Shoal Creek Walk 835 West 6th Street, 78703 218,423 2018
Charles Schwab Headquarters 2309 Gracy Farms Lane, 78758 194,000 2018
Springdale General 1023 Springdale Road, 78721 165,000 2018
Mopac Centre 8611 North Mopac Expwy, 78759 95,863 2018
801 Barton Springs 801 Barton Springs Road, 78704 90,500 2018

Austin, TX Green Office Space

Employment

While not yet ranking in the Top 30 Green Office Markets in the U.S., green office space in Austin is on the rise, with more than a dozen projects scattered throughout the metropolitan area.

The Whole Foods Office Tower on Domain Drive in Austin is a prime example of a LEED-certified building. With over 280,000 square feet of space on eight floors, this Downtown Austin building hosts a Whole Foods Market on the ground floor. As tenants, along with national and global investors seek out green certified office assets for their use and portfolios, the green office trend will continue to take root in Austin.

The 2017 National Green Building Adoption Index looked at commercial office properties in 30 major U.S. markets and found that, including EPA Energy Star-labeled buildings, the percentage of green certification has increased from under 5% in 2005 to 38% as of mid-2017.

Austin, TX's Top Office-Using Sectors

While currently a major high tech center, Austin is also emerging as a hub for the pharmaceutical and biotechnology industries. These three business sectors combined create a major demand for Class A office space in the Austin metropolitan area.

  • High Technology – Some of the largest employers and greatest users of Class A office space in Austin are technology companies such as Dell, IBM, Cisco Systems, eBay, and PayPal.
  • Pharmaceutical & Health Care – Austin is ranked as the #12 center for biotech and life science companies in the U.S., with companies such as AnthroCare Corporation and Pharmaceutical Product Development calling Austin home.
  • Biotechnology – Companies such as BioWare, Life Technologies, Oppenheimer Biotechnology, and XBiotech are all based in the Austin metro area.
  • Corporate Offices – The demand for while collar office space in Chicago also comes from companies such as Freescale Semiconductor, National Western Life, Cirrus Logic, and Xerox, which all have significant operations in Austin.

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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