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As the East Austin office space for lease market continues to change, it is important to stay up to date on the current market trends.
When people think of the slogan “Keep Austin Weird” it is often the uniqueness of East Austin that comes to mind. The East Austin office space market has been experiencing rapid gentrification for the past several years, with a multitude of new developments in the works. East Austin has historically been the more economical side of town, both for residential and commercial space needs.
The geography of East Austin is part of the reason for the historically lower rental rates and Interstate 35 is viewed as the dividing line between East and West Austin. On the east side of 35, the topography is much flatter than that of the west and thus lacks the “Texas Hill Country Appeal”. East Austin is viewed as one of the hip and trendy hubs of Austin, TX though and is home to several top up and coming Austin neighborhoods.
As with all submarkets of Austin office space, the East Austin office space market is in high demand. The East Austin office space market currently consists of over 40 multi-tenant office buildings with a total of over 2,770,731 square feet of office space.
With the Colorado River dividing it, the East Austin office space market is typically viewed separated into two subsections: the Northeast Austin office space market and the Southeast Austin office space market. The NE Austin office space market consists of dramatically more office space than its SE Austin office space market counterpart. This is due to the historic trend of Austin growing to northwards first. However, as the population continues to rapidly expand, the south is now experiencing healthy development of new office space as well.
The East Austin office space market encompasses the grounds of both the new and old Austin airports. One of the most anticipated new developments of East Austin office space is the Mueller Development, which lies on the grounds of the old airport. The recently completed Circuit of the Americas has proven to be a large economic stimulant in the East Austin economy as well. Some of the major thoroughfares of the East Austin office space market include Highways 71, 290, and 183. The 130 and 45 Toll Roads are within its boundaries along with Interstate 35.
For more information on current office space availabilities or the Tenant Representation Services that can help you navigate the East Austin office market, simply contact us by phone or email. If you are trying to find East Austin office space for lease, please fill out the “Free Commercial Space Survey” to get a customized list of the East Austin office space that best fit your needs.