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As the West 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 Austin and the Texas Hill Country, it is the image of West Austin that comes to mind. The West Austin office space market has continually been in high demand, and due to this several new office space buildings are presently in development. Historically, West Austin has been the pricier side of town, both for residential and commercial space needs.
The geography of West Austin is part of the reason for the historically higher rental rates and Interstate 35 is viewed as the dividing line between East and West Austin. On the west side of 35, the Texas Hill Country makes its way into the Austin city limits, providing gorgeous views and scenic roads for as far as they eye can see. West Austin is home to some of the most affluent neighborhoods of Austin with prominent residents such as Michael Dell and other various corporate executives.
As with all submarkets of Austin office space, office space in the West Austin office space market is highly sought after. The West Austin office space market currently consists of over 440 multi-tenant office buildings with a total of over 25,411,275 square feet of office space, not including office space in and around downtown.
With Lake Austin and the Colorado River dividing it, the West Austin office space market is typically viewed separated into two subsections: the Northwest Austin office space market and the Southwest Austin office space market. The NW Austin office space market consists of more office space than its SW 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.
West Austin is home to several regional shopping malls which act a large economic incubators for the West Austin office space market. These include but are not limited to The Domain, The Hill Country Galleria, and The Arboretum. Many new Class A office space buildings have risen near these retail hubs which allows their tenants to enjoy the surplus of nearby amenities. Some of the major thoroughfares of the West Austin office space market include Ranch to Market Road 620 and Texas Highways 71, 290, 360, and 183. The soon to be Toll Road, Highway 1 (MoPac Expressway) is also 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 West Austin office market, simply contact us by phone or email. If you are trying to find West Austin office space for lease, please fill out the “Free Commercial Space Survey” to get a customized list of the West Austin office space that best fit your needs.