Rain Showers
60
/ 57 °F
Rain Showers

Dec 31

Riverside Drive

South 1st Street to South Lamar boulevard

South First Street Bridge

Riverside Drive to West Cesar Chavez Street

West Cesar Chavez Street

Lavaca Street to MoPac Boulevard

Jan 06

4th Street

Guadalupe to San Antonio

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PLANNED STREET CLOSURES
 

Downtown offers the best of Austin, amplified. This is where creativity and ingenuity meet to deliver the latest foodie hotspots, legendary live music venues, one-of-a-kind shops, and year-round outdoor fun. Rock out or relax – it’s your call. LET’S GO

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Downtown is the epicenter of Austin’s 24/7 idea exchange. This is where enterprises headquarter and entrepreneurs incubate, all harnessing our city’s incredible talent pool, business-friendly infrastructure and uniquely collaborative culture. LET’S GO

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Downtown Austin offers residences to suit any style, whether you’re renting or putting down roots. This is where city excitement meets creature comforts – your walkable new neighborhood puts both nightly entertainment and daily essentials within easy reach.LET’S GO

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Office/Employees

The Central Business District of Central Texas.

Downtown is a corporate center, government hub and startup haven.

 


Snapshot of Downtown Office Market

86,226

Downtown Employees1

9 Million

Square Feet of Multi-tenant Office Space2

955,571 SF

Office Space Recently Completed (879,571 Multi-tenant)3

1,601,500 SF

Office Space Under Construction (1,151,500 SF Multi-tenant)3

$48.43/SF

Rental Rate2

92.8%

Occupancy Rate2

1 Source: U.S. Census Bureau, 2014
2 Source: Capital Market Research, August 2017
3 Source: City of Austin and Downtown Austin Alliance, September 2016

 


 

Office Rental and Occupancy Rates

 

Downtown is the chosen office location for large companies like Silicon Labs, Facebook and Frost Bank; the hub of state and local government; and home to hundreds of smaller creative, high tech, biotech and financial businesses. Here’s a look at where these workers go each day.

Source: Capital Market Research, August 2017.

 

Emerging Downtown Office Projects

Given Austin’s status as one of America’s fastest-growing cities and our regular placement on national “best place for business” lists, our downtown workforce is only increasing. Check out the emerging office developments to see where top talent will soon collaborate.