One of the first steps to understanding the Austin commercial real estate market is to understand the Austin office submarkets. While there are nine different office submarkets in Austin, the four primary submarkets are the most important to understand.

In this article, we cover Austin’s four primary submarkets:

  • Austin’s CBD
  • Austin’s Eastside
  • Northwest Austin
  • Southwest Austin

 

Austin’s Central Business District (CBD)

CBD | Austin's Major Submarkets

Austin’s CBD is the heart of the Austin office scene, spanning from Lady Bird Lake north to 12th Street, from IH-35 east to Lamar. It’s also a cultural hub, home to iconic events such as South by Southwest and the Pecan Street Festival. 

It’s where you’ll find the Austin offices of tech giants like Facebook and Dropbox, and headquarters of Austin – based firms such as RetailMeNot and Capital Factory. The proximity to the Texas State Capitol also makes it home to many of the city’s major law firms and governmental agencies. 

Office, residential and hospitality developments are abundant, as shown by the multitude of cranes that now seem to be a hallmark of the Austin skyline.

Watch Next: Austin’s Office Market: Central Business District (CBD)

 

Large Projects in the CBD

Project Name Total Net Rentable Area (SF)
Indeed Tower 733,000 
Frost Bank Tower 535,078 
One Eleven Congress 518,385 
600 Congress Ave. 503,951 
500 W 2nd St 500,511
300 West Sixth 454,225
301 Congress 436,855
816 Congress 433,024
100 Congress 419,785
San Jacinto Center 398,660 

Large Office Occupiers in Austin’s CBD

Company Square Feet Occupied
Google 1,046,424
Facebook 449,565 
Indeed 307,771 
Cirrus Logic 256,273 
The University of Texas System 241,371
Whole Foods Market 188,111 
TikTok 149,346 
Silicon Labs 147,000 
AT&T Wireless 144,000 
GSD&M  115,464 

 

Average Age in Austin’s CBD


 

Level of Education

92%

High School Graduate or Higher

81%

Bachelor’s Degree or
Higher

 

 

Household Income


 

 

Marital Status


Read Next: Your Guide to Downtown Austin’s 8 Neighborhoods

 

Austin’s Eastside

Eastside | Austin's Major Submarkets

The Eastside is located on the outskirts of downtown and is home to a growing array of office, retail, and multi-family developments. It’s also known for its trendy local restaurants, lively nightlife scene, and lower-cost living compared to the downtown area. 

Instead of high rises and large corporate campuses, the Eastside features unique converted warehouses and new mid-rise, mixed-use construction. Many of these are “creative office” projects that fit the hip style of the area. 

The Eastside Submarket is expected to continue growing and changing in the future which makes now a great time to get in the market.

Watch Next: Austin’s Office Market: The Eastside

 

Large Projects in East Austin

Project Name Total Net Rentable Area (SF)
Foundry I &II 243,196
Eastbound 233,577
5th + Tillery 182,716
979 Springdale 174,802
1023 Springdale Rd 165,000
Centro – Northern 164,140 
Offices At Saltillo 150,000
Eastlake at Tillery Bldgs. 1 & 2 135,870
1801 E 6th 134,368
901 E 6th 129,444 

 

Large Office Occupiers in East Austin

Company Square Feet Occupied
Atlassian 157,540
Google 150,000
Cloudflare 124,393
Zebra Insurance 120,627
Peak 6 114,417
Skyworks 96,467
H-E-B/Favor 81,660 
Relay Coworking 50,828
Capital Metro 44,607
Canva 36,392

 

Average Age in East Austin


 

Level of Education

82.8%

High School Graduate or Higher

51.3%

Bachelor’s Degree or
Higher

 

 

 

Household Income


 

Marital Status


 

 

Austin’s Northwest Submarket

Northwest | Austin's Major Submarkets

The Northwest submarket is home to spacious office parks that anchor major technology companies such as Apple and National Instruments (now NI), making this area a hub for innovation and creativity. 

Residents relax at low-key entertainment venues like TopGolf and shop at Austin’s major retail centers like the Domain and Arboretum. These retail centers cater to Austin’s large family population and feature popular national brands such as Restoration Hardware, Whole Foods, and Nordstrom. The Domain Northside is home to Rock Rose Avenue, an area of the Domain lined with restaurants, bars, and shops. 

The continued emergence of trendy, unique places to shop and play will undoubtedly draw more residents— and dollars—to the Northwest.

Watch Next: Austin’s Office Market: The Northwest Submarket

 

Large Projects in Northwest Austin

Project Name Total Net Rentable Area (SF)
Domain 1 – 5 & 7 – 12 2,215,549
Broadmoor Bldgs.1 – 8  1,118,199
7700 Parmer A,B,C,D 911,574
Research Park Plaza I – V 815,796
National Instruments A – C 752,000
Riata Corporate Park Bldg 2 – 9 688,143
Amber Oaks A – J 644,334
River Place Corporate Park I – VII 590,882
8900 Amberglen Blvd 467,165
Austin Oaks Bldgs. 1 – 12 446,085

 

Large Office Occupiers in Northwest Austin

Company Square Feet Occupied
Apple 2,455,889
IBM 1,379,336
Flextronics 907,891
NI (National Instruments) 752,000
Vrbo 607,630
Amazon 581,508
Visa 535,557
Indeed 493,794
Meta 422,458
Q2 257,980

 

Average Age


 

Level of Education

97.3%

High School Graduate or Higher

71.6%

Bachelor’s Degree or
Higher

 

 

Household Income


 

Marital Status


 

Austin’s Southwest Submarket

Southwest | Austin's Major Submarkets

The Southwest submarket is comprised of office campuses nestled into the rolling landscape of the Texas Hill Country. It offers close proximity to the upscale, family-oriented neighborhoods of Westlake, Lakeway, and Rollingwood – where you’ll find Austin’s elite living and playing golf. 

The household wealth within this submarket facilitates the growth of local, high-end retail and restaurants and the exemplary ratings of Eanes ISD and Lake Travis ISD. Similar to the Northwest submarket, technology firms such as Intel, AMD, and Accenture hold a strong presence in the Southwest submarket.

 

Large Projects in Southwest Austin

Project Name Total Net Rentable Area (SF)
The Summit at Lantana Bldgs. 1 – 5  844,240
Barton Skyway I – IV 786,845
The Terrace 1,2, 6, & 7 618,812
Barton Oaks Plaza I – V 553,473
Las Cimas I – IV 536,283
Temple-Inland 388,430
Rollingwood Center I, II, & III 383,400
Dimensional Place I & II 367,000
Encino Trace I & II  319,743
Uplands Corporate Center Phase I & II 291,450
Cielo Center I, II, & III 286,106

 

Large Office Occupiers in Southwest Austin

Company Square Feet Occupied
NXP Semiconductors 2,435,810
Advanced Micro Devices 562,508
Intel Corporation 388,430
SolarWinds 299,792
Abbott Labs 224,069
Apple 216,511
Dimensional Fund Advisors 210,000
Yeti Coolers 168,418
Farm Credit Bank of Texas 111,549
Samsung 101,507

 

Average Age


 

Level of Education

96.2%

High School Graduate or Higher

69.9%

Bachelor’s Degree or
Higher

 

 

Household Income


 

Marital Status


 

To learn more about Austin’s major submarkets read the articles below:

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Kirk Silas | AQUILA Commercial

Kirk Silas

Kirk manages AQUILA's research department and oversees research initiatives and data collection

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