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
Square Feet of Multi-tenant Office Space2
Office Space Completed in 20173
Office Space Under Construction (1,104,000 SF Multi-tenant)3
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.
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.