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Dec 15

4th Street

Guadalupe to San Antonio

Dec 22

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 Austin is a major employment hub, as home to 13% of the city’s jobs. Downtown’s culture of creativity and innovation draws some of the region’s top talent and industry leaders in business, technology, public administration, and health and social services.

 


Snapshot of Downtown Office Market

92,375

Downtown Employees1

10 Million

Square Feet of Multi-tenant Office Space2

941,733 SF

Office Space Completed in 20173

2,335,000 SF

Office Space Under Construction (1,104,000 SF Multi-tenant)3

$46.55/SF

Rental Rate2

92.7%

Occupancy Rate2

1 Source: JobsEQ, Quarterly Census of Employment and Wages, Bureau of Labor Statistics, August 2018
2 Source: CoStar, as of 2018 Q2, August 2018
3 Source: City of Austin Economic Development and Downtown Austin Alliance, November 2018

 


 

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, December 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.