Search results
Oct 8, 2024 · For the third consecutive quarter, the Austin office market recorded a decrease in the total amount of space available for sublease, dropping 4% compared to Q2 2024. Market wide vacancy reached 24.3% this quarter, up 60 basis points (bps) from Q2 2024. Average gross asking rents across all class types rose $0.15 quarter-over-quarter. As of ...
4 days ago · Office construction in the city has slowed, with only 3.4 million square feet currently underway – equal to 3.6 percent of total stock – and Austin has maintained its position as a leader in office sale prices. Local office properties are trading at an average of $379 per square foot, the highest among top U.S. markets, surpassing Los Angeles.
Jul 8, 2024 · Jul 8, 2024, 6:15 PM. By. Joe Lovinger. In the last three months, Austin’s skyline kept growing, as developers finished 2.1 million square feet of new office space. Much to their chagrin, almost ...
Apr 10, 2023 · Some of the city’s largest employers — Dell, Tesla, Apple, Google and Meta, to name a few — are tech or tech-adjacent firms with high-profile stakes in some of the city’s premier office ...
Sep 24, 2024 · Austin development has been booming, with over 18 million square feet of new office space completed since 2019 and another 5 million square feet in the development pipeline. Despite the popularity of hybrid work and flexible spaces, there has been a noticeable uptick in large-scale office development in the city, particularly as major companies like Tesla, Apple, and Google are expanding their ...
AUSTIN, Texas – April 11, 2024 — Page, a forefront leader in architecture, engineering, and design, today unveiled its Austin office's strategic relocation to 200 W. 6th Street, Suite 1800. Beginning April 8th, the firm will occupy the 18th and western side of the 19th floors of Indeed Tower, a Page-designed LEED Platinum, 36-story, Class AA mixed-use tower.
Oct 24, 2023 · A notable acquisition in Q3 2023 included Brandywine Realty Trust selling a 173,000-sq.- ft. office building (Three Barton Skyway) for $53.3 million to an affiliate of Riverside Resources in August 2023. Built in 2021, Three Barton Skyway is located at 1221 South MoPac Expressway and is part of a larger four-building campus in Southwest Austin.
