Austin, TX Office Overview
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: 80,223,353 SF
By square footage range:
- 50k to 100k SF: 13,526,531 SF / 16.86% of total office
- 100k to 500k SF: 56,719,961 SF / 70.7% of total office
- 500k to 1M SF: 8,727,325 SF / 10.88% of total office
- > 1M SF: 1,249,536 SF / 1.56% of total office
By class:
- Class A+: 2,432,978 SF / 3.03% of total office
- Class A: 37,878,013 SF / 47.22% of total office
- Class B: 27,439,726 SF / 34.2% of total office
- Class C: 918,182 SF / 1.14% of total office
Top 10 Largest Office Buildings
in Austin
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| 3M Austin Center | 6801 River Place Blvd, 78726 | 1,249,536 | 1988 |
| 7700 Parmer | 7700 West Parmer Lane, 78729 | 913,163 | 2000 |
| The Summit at Lantana | 7171 Southwest Pkwy, 78735 | 812,350 | 2006 |
| Dell Parmer South Campus - PS2 & PS3 | 701 East Parmer Lane, 78753 | 709,789 | 2001 |
| Block 71 | 200 West 6th Street, 78701 | 679,130 | 2021 |
| National Instruments Corporate Headquarters | 11500 North Mopac Expwy, 78759 | 624,856 | 2001 |
| Texas Capitol - George H. W. Bush State Office Building | 1801 Congress Avenue, 78701 | 603,000 | 2021 |
| 6th + Guadalupe | 600 Guadalupe Street, 78701 | 600,000 | n/a |
| Austin Centre | 701 Brazos Street, 78701 | 598,187 | 1986 |
| Block 87: The Trinity Block | 701 Trinity Street, 78701 | 569,000 | n/a |
Most Recently-Built Office Buildings
in Austin
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| 500 West Second Street | 500 West 2nd Street, 78701 | 500,436 | 2017 |
| UT System Building | 210 West 7th Street, 78701 | 342,000 | 2017 |
| Domain 8 | 11601 Alterra Pkwy, 78758 | 291,058 | 2017 |
| Parmer 3.1 | 13011 McCallen Pass, 78753 | 191,984 | 2017 |
| Lantana Ridge | 7601 Southwest Pkwy, 78735 | 168,923 | 2017 |
| Galleria Oaks I | 13215 Bee Cave Pkwy, 78738 | 73,964 | 2017 |
| Galleria Oaks II | 13215 Bee Cave Pkwy, 78738 | 73,964 | 2017 |
| The Overlook at Barton Creek | 317 Grace Lane, 78746 | 60,168 | 2017 |
| The Diamond Building at Mueller | 1905 Aldrich Street, 78723 | 54,537 | 2017 |
| 5100 West US Route 290 - Building 2 | 5100 West US Route 290, 78735 | 30,042 | 2017 |
Austin, TX Green Office Space
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 Population887,061
- Male Population(50.5 %) 447,815
- Female Population(49.5 %) 439,246
- Median Age32.10
Income/Financial
- Average Household Income$82,599
- Median Household Income$57,689
- Median Income Under 25$22,967
- Median Income 25-44$60,346
- Median Income 45-64$68,956
- Median Income Over 65$50,762
- Anderson Mill - Jollyville Demographics
- Angus Valley Demographics
- Avery Ranch Demographics
- Balcones Woods Demographics
- Barton Hills Demographics
- Bee Cave Woods Demographics
- Colorado Crossing Demographics
- Downtown Austin Demographics
- East Cesar Chavez Demographics
- East Riverside - Oltorf Demographics
- Great Hills Demographics
- Harris Ridge Demographics
- Highland Demographics
- Jester Estates Demographics
- Long Canyon Demographics
- McKinney Demographics
- Milwood Demographics
- Mueller Demographics
- North Burnet Demographics
- North Shoal Creek Demographics
- Northwest Hills Demographics
- Oak Hill Demographics
- Promontory Point Demographics
- River Oaks Demographics
- Rob Roy Demographics
- Rosedale Demographics
- St Johns Demographics
- Westlake Demographics
News
Women often find themselves having to juggle their work and family life–or worse–having to choose between them. Not many companies offer quality childcare and other perks that help women achieve a healthy work-life balance. The National Study of Employers found that only 7% of compan...
This city’s skyline has seen a lot of changes in recent times as office buildings in Austin continue to reach for the sky. The city is pulling in some of the world’s biggest tech businesses. 12 of the 25 biggest employers in Austin are technology companies, including Google and Facebook. D...
Your Work Week Could Be 10 Hours Shorter in Dallas or Houston – What’s it Like to Live and Work as a Freelancer in These US Cities?
November 27, 2018
Highlights: Working a 29-Hour Week in KCMO Will Get Your Very Own Private Office Want to Be a Freelancer in Silicon Valley? You’d Better Start Looking for a Roommate Average-Earning Freelancers Would Need to Work 79 Hours per Week to Support Themselves in Boston Customize expenses and working ho...
Cities near Austin, TX
Austin, TX zip codes
- 78701 Office Space
- 78702 Office Space
- 78703 Office Space
- 78704 Office Space
- 78705 Office Space
- 78717 Office Space
- 78721 Office Space
- 78723 Office Space
- 78726 Office Space
- 78727 Office Space
- 78728 Office Space
- 78729 Office Space
- 78730 Office Space
- 78731 Office Space
- 78733 Office Space
- 78735 Office Space
- 78738 Office Space
- 78741 Office Space
- 78744 Office Space
- 78745 Office Space
- 78746 Office Space
- 78749 Office Space
- 78750 Office Space
- 78751 Office Space
- 78752 Office Space
- 78753 Office Space
- 78754 Office Space
- 78757 Office Space
- 78758 Office Space
- 78759 Office Space
- + More - Less
Neighborhoods
- Anderson Mill - Jollyville Office Space
- Angus Valley Office Space
- Avery Ranch Office Space
- Balcones Woods Office Space
- Barton Hills Office Space
- Bee Cave Woods Office Space
- Colorado Crossing Office Space
- Downtown Austin Office Space
- East Cesar Chavez Office Space
- East Riverside - Oltorf Office Space
- Great Hills Office Space
- Harris Ridge Office Space
- Highland Office Space
- Jester Estates Office Space
- Long Canyon Office Space
- McKinney Office Space
- Milwood Office Space
- Mueller Office Space
- North Burnet Office Space
- North Shoal Creek Office Space
- Northwest Hills Office Space
- Oak Hill Office Space
- Promontory Point Office Space
- River Oaks Office Space
- Rob Roy Office Space
- Rosedale Office Space
- South Congress Office Space
- St Johns Office Space
- Travis Heights Office Space
- Westlake Office Space
- + More - Less
Cities near Austin, TX
- Bee Cave Commercial Real Estate
- Cedar Park Commercial Real Estate
- Del Valle Commercial Real Estate
- Lakeway Commercial Real Estate
- Lost Creek Commercial Real Estate
- Pflugerville Commercial Real Estate
- Rollingwood Commercial Real Estate
- Round Rock Commercial Real Estate
- Wells Branch Commercial Real Estate
- West Lake Hills Commercial Real Estate