Austin Office Market Reports

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Advisory Services</span> </a></li> </ul> </div> <div class="ay-top-nav__megamenu--column"> <div class="ay-top-nav__megamenu--column-title ay-top-nav__dropdown"><span style="text-decoration:none !important;" class="ay-dropdown__title--link">Sectors</span> </div> <ul class="ay-top-nav__megamenu--list"> <li><a href="https://www.avisonyoung.us/associations-and-nonprofits"> <span>Associations and Nonprofits</span> </a></li> <li><a href="https://www.avisonyoung.us/automotive-properties"> <span>Automotive Properties</span> </a></li> <li><a href="https://www.avisonyoung.us/healthcare"> <span>Healthcare</span> </a></li> <li><a href="https://www.avisonyoung.us/life-sciences"> <span>Life Sciences</span> </a></li> <li><a href="https://www.avisonyoung.us/private-equity"> <span>Private Equity</span> </a></li> <li><a href="https://www.avisonyoung.us/senior-housing"> <span>Senior Housing</span> </a></li> </ul> </div> <div class="ay-top-nav__megamenu--column"> <div class="ay-top-nav__megamenu--column-title ay-top-nav__dropdown"><span style="text-decoration:none !important;" class="ay-dropdown__title--link">Property Type</span> </div> <ul class="ay-top-nav__megamenu--list"> <li><a href="https://www.avisonyoung.com/data-center-real-estate"> <span>Data Centers</span> </a></li> <li><a href="https://www.avisonyoung.us/hospitality"> <span>Hospitality</span> </a></li> <li><a href="https://www.avisonyoung.us/industrial"> <span>Industrial</span> </a></li> <li><a href="https://www.avisonyoung.us/multi-family"> <span>Multifamily</span> </a></li> <li><a href="https://www.avisonyoung.us/office"> <span>Office</span> </a></li> <li><a href="https://www.avisonyoung.us/retail"> <span>Retail</span> </a></li> </ul> </div> </section></li> <li class="ay-top-nav__dropdown ay-top-nav__item ay-top-nav__dropdown"><a href="https://www.avisonyoung.us/thought-capital">Thought Capital</a> <span class="ay-top-nav__mobile-landing-link"> <a 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lfr-layout-structure-item-container " style=""> <div class="lfr-layout-structure-item-ac21ae6e-3499-f92f-cc1e-263e36a3d563 lfr-layout-structure-item-container container-fluid container-fluid-max-xl" style=""> <div class="lfr-layout-structure-item-basic-component-heading lfr-layout-structure-item-18d24329-f04b-969d-d7c7-60a96ab2a9fc " style=""> <div id="fragment-2e2e0ac5-2651-484f-cf6c-471cf2cf40c8"> <h1 class="component-heading mb-0 text-break" data-lfr-editable-id="element-text" data-lfr-editable-type="text">Austin office market report</h1> </div> <style>.fragment-heading-text-colored a { color: inherit; }</style> </div> <div class="lfr-layout-structure-item-basic-component-heading lfr-layout-structure-item-bd9d4250-873d-82b5-90c8-18d12148867f " style=""> <div id="fragment-155fc070-e72f-3389-7bd2-29ad9adf61c2"> <h2 class="component-heading mb-0 text-break" data-lfr-editable-id="element-text" data-lfr-editable-type="text">Q3 2024</h2> </div> </div> <div class="lfr-layout-structure-item-infogram-fragment--copy- lfr-layout-structure-item-2a4c9794-c4a2-f96d-b29a-606748f7aef9 " style=""> <div id="fragment-12402d41-e624-ac5f-be66-489dc4e66bcf"> <div style="padding:56.25% 0 0 0;position:relative;"> <iframe src="https://player.vimeo.com/video/1015832425?badge=0&autopause=0&player_id=0/embed" allow="autoplay; fullscreen; picture-in-picture" allowfullscreen frameborder="0" style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe> </div> </div> </div> <div class="lfr-layout-structure-item-basic-component-image lfr-layout-structure-item-f387373e-8ef6-b777-7180-0714a8dda28a " style=""> <div id="fragment-4f699bdf-a463-d978-9e82-08ad20205662"> <div class="component-image overflow-hidden"><picture data-fileentryid="200731498"> <source media="(max-width:128px)" srcset="/o/adaptive-media/image/200731498/Thumbnail-128x128/Templafy-Silhouette+of+professionals+in+office+space.png?t=1727888053083"> <img alt="" class="w-100" data-lfr-editable-id="image-square" data-lfr-editable-type="image" src="/documents/d/austin/templafy-silhouette-of-professionals-in-office-space" data-fileentryid="200731498"> </picture> </div> </div> </div> <div class="lfr-layout-structure-item-basic-component-paragraph lfr-layout-structure-item-0f663fd7-54b0-6158-21d3-6c7ce6091151 " style=""> <div id="fragment-b70cb93a-f97c-3c28-21c7-8958778ee7de"> <div class="clearfix component-paragraph text-break" data-lfr-editable-id="element-text" data-lfr-editable-type="rich-text"> Austin’s office market continues to demonstrate strength, with absorption remaining positive for the third consecutive quarter and leasing activity following a similar trajectory with an uptick in demand. The Office Busyness Index by Avison Young highlights the resilience of Austin’s trophy office properties, which are outperforming the national average with a busyness index of 84.7%. This indicates a growing preference for high quality spaces with superior amenities and urban walkability. The positive momentum in Austin’s office market reinforces the resilience and confidence in the region’s long-term recovery, driven by factors such as a strong job market, growing population, and a vibrant business community. </div> </div> <style>.component-paragraph img { max-width: 100%; }</style> </div> <div class="lfr-layout-structure-item-key-stats lfr-layout-structure-item-8658f634-ba5c-b9b0-3e90-63d55097cec1 " style=""> <div id="fragment-93b27bfa-65b4-4253-d55a-498cc314d13f"> <div class="fragment_1806"> <div class="insights-takeaway"> <div class="takeaway-stat"> <div> 1.3 msf </div> </div> <div class="takeaway-text"> <h2> <div> Leasing activity remains positive in Q3 </div></h2> <div> <p></p> <div> Austin's office market saw a significant boost in leasing activity during the third quarter, driven by IBM's takeover of Meta's 320,000-square-foot space at Domain 12. This key transaction highlights the positive momentum in the market, with quarter-over-quarter improvements signaling Austin's continued recovery and growing stability. </div> <p></p> </div> </div> </div> <div class="insights-takeaway"> <div class="takeaway-stat"> <div> 84.7% </div> </div> <div class="takeaway-text"> <h2> <div> Austin’s trophy assets visitation is above the national average </div></h2> <div> <p></p> <div> Austin’s trophy office properties are exceeding the national average for office utilization, boasting a busyness index of 84.7% compared to the national figure of 67.1%. This impressive performance is fueled by a growing demand for premium office spaces that provide top-tier amenities, convenient walkability, and excellent accessibility within the city’s urban core. </div> <p></p> </div> </div> </div> <div class="insights-takeaway"> <div class="takeaway-stat"> <div> +743,000 sf </div> </div> <div class="takeaway-text"> <h2> <div> Q3 realizes positive absorption </div></h2> <div> <p></p> <div> Absorption has stayed positive for the third consecutive quarter, reaching 743,000 square feet year-to-date, reinforcing the strength and resilience of Austin’s office market. Significant move-ins contributing to this growth include the City of Austin, occupying 103,000 square feet, and AMD's commencement of a 67,625-square-foot lease. </div> <p></p> </div> </div> </div> </div> </div> <style>.fragment_1806 { @media screen and (max-width: 1139px) { .ayui body #ay .ay-button__primary.ay-link-parent-corrector{ width:auto; } } @media screen and (max-width: 480px) { .ayui body #ay .ay-button__primary.ay-link-parent-corrector{ position:relative; width:auto; } } /* Updated 'light' key stats styles added 2023-01-05 */ .insights-takeaway { display: flex; flex-direction: row; min-height: 135px; margin: 10px auto 30px; background: white; } .insights-takeaway:nth-child(6) .takeaway-stat { color: #A6849A; } .insights-takeaway:nth-child(6) { border-top: 4px solid #A6849A; } .insights-takeaway:nth-child(5) .takeaway-stat { color: #353F52; } .insights-takeaway:nth-child(5) { border-top: 4px solid #353F52; } .insights-takeaway:nth-child(4) .takeaway-stat { color: #7E9CD1; } .insights-takeaway:nth-child(4) { border-top: 4px solid #7E9CD1; } .insights-takeaway:nth-child(3) .takeaway-stat { color: #EF6528; } .insights-takeaway:nth-child(3) { border-top: 4px solid #EF6528; } .insights-takeaway:nth-child(2) .takeaway-stat { color: #4DB595; } .insights-takeaway:nth-child(2) { border-top: 4px solid #4DB595; } .insights-takeaway:nth-child(1) .takeaway-stat { color: #40357E; } .insights-takeaway:nth-child(1) { border-top: 4px solid #40357E; } .takeaway-stat { padding: 25px 25px 0px 25px; display: flex; align-items: start; justify-content: start; min-width: 255px; font-family: 'geoslab703 md bt w05 bold'; font-size: 2em; text-align: left; line-height: 110%; } .takeaway-text { padding: 25px; } @media screen and (max-width: 1139px) { .ayui body #ay .ay-button__primary.ay-link-parent-corrector { width: auto; } } @media screen and (max-width: 480px) { .ayui body #ay .ay-button__primary.ay-link-parent-corrector { position: relative; width: auto; } } @media screen and (max-width:900px) { .insights-takeaway { flex-direction: column !important; } .ay-main-grey { padding: unset !important; } } }</style> </div> <div class="lfr-layout-structure-item-ay-button lfr-layout-structure-item-7a18226e-e3cd-0376-a5a5-9963a302c21a " style=""> <div id="fragment-f93c8738-21a0-c829-4671-4fcffa747002"> <div class="fragment_1809"> <div> <a class="ay-button__primary" href="https://www.avisonyoung.us/documents/d/austin/q3-2024_austin-office-report-final" target="_blank">DOWNLOAD AUSTIN OFFICE MARKET REPORT</a> </div> </div> </div> <style>.fragment_1809 { }</style> </div> <div class="lfr-layout-structure-item-com-liferay-journal-content-web-portlet-journalcontentportlet lfr-layout-structure-item-c4223071-eaf7-bcbb-aebf-e0092cdecb19 transparent-background" style=""> <div id="fragment-4b5be4b8-645e-c4aa-316b-bf2c1170e14b"> <div class="portlet-boundary portlet-boundary_com_liferay_journal_content_web_portlet_JournalContentPortlet_ portlet-static portlet-static-end decorate portlet-journal-content " id="p_p_id_com_liferay_journal_content_web_portlet_JournalContentPortlet_INSTANCE_lxWB3QICjHNy_"><span id="p_com_liferay_journal_content_web_portlet_JournalContentPortlet_INSTANCE_lxWB3QICjHNy"></span> <section class="portlet" id="portlet_com_liferay_journal_content_web_portlet_JournalContentPortlet_INSTANCE_lxWB3QICjHNy"> <div class="portlet-content"> <div class="autofit-float autofit-row portlet-header"> <div class="autofit-col autofit-col-expand"> </div> <div class="autofit-col autofit-col-end"> <div class="autofit-section"> <div class="visible-interaction"> </div> </div> </div> </div> <div class=" portlet-content-container"> <div class="portlet-body"> <div class="" data-fragments-editor-item-id="20193-98585648" data-fragments-editor-item-type="fragments-editor-mapped-item"> <div class="journal-content-article " data-analytics-asset-id="98585646" data-analytics-asset-title="Office Insights - Boilerplate" data-analytics-asset-type="web-content"> <div class="ay-block__light"> <div class="ay-block__light--content"> <h2>Your source for the latest Austin office market reports</h2> <p>Get in-depth office market reports and insights from commercial real estate experts in the Greater Austin area. 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