Austin is synonymous with innovation and charisma. It’s a city that pulses with a unique personality that largely stems from its lively and endearing South Congress (SoCo) neighborhood. SoCo’s eclectic collection of nightlife, restaurants, companies, and characters make it an enviable location for any company trying to bottle Austin’s magic.
As your local experts in the Austin office space market, TenantBase wants to help make your organization’s move to South Congress a well-informed and successful one. Use this informative summary of everything SoCo has to offer to leverage the many unique benefits the neighborhood provides. A SoCo address for your business can foster growth and create a competitive advantage that will serve you well into the future.
Office Space in South Congress
The South Congress neighborhood of Austin is loosely defined as the area hugging South Congress Avenue between South Lamar and I-35. A diverse and somewhat nontraditional assortment of office space types matches that eclectic collection of businesses found in SoCo. Vacancy rates run low in densely populated South Congress so many companies and retailers are moving into those nontraditional buildings.
Retail, restaurants, and creative office space dominate the South Congress market. Companies can expect to find commercial space below 5,000 SF with average rents at $30 SF or more. The high demand for space drives rents in the new developments and redevelopments above $40 SF. Music Lane is one of the largest planned of those developments and will house up-scale bars, fitness centers, hotels, offices, apartments, and many retailers. The development will also provide some much needed traditional office space to SoCo upon completion.
Parking throughout South Congress is tight with a few small lots and street parking providing much of the parking. Companies leasing traditional space in the area can usually expect three or four parking spaces per 1,000 SF of leased space to help alleviate the neighborhood’s short parking supply.
Working in South Congress
Workers in the SoCo neighborhood have many different commuting options. I-35 and 290 frame the eastern and southern boundaries of South Congress for convenient access to local freeways. Public transportation is also an attractive SoCo feature to local talent with both MetroBus and MetroRapid serving the area. South Congress is also one of the most walkable and bike/scooter-friendly neighborhoods in Austin with plenty of paths, trails, and bike lanes throughout and around SoCo.
The many amenities in South Congress define much of Austin’s spirit and can be a powerful draw for talent into the area. SoCo is home to numerous restaurants, bars, and coffee houses that help give the area its relaxed vibe and unique culture. Residents and employees also have easy access to Zilker Park where they can enjoy ACL, Trail of Lights, and other entertainment venues throughout the year. Zilker Park and Town Lake also play host to numerous hike and bike trails that give the SoCo workforce a convenient way to enjoy Austin’s incredible natural environment.
Austin’s South Congress neighborhood is an in-demand area for businesses from a variety of industries thanks to its singular aesthetic and vibe along with its many amenities. It is an area that is especially attractive to talent as long as companies choose office space that fits well with their goals and vision. Let TenantBase help your organization leverage a SoCo address into a constant source of growth and success that will benefit your company and team for years to come.