A city as alive as Austin needs an infrastructure where both businesses and residents can thrive. The North/Central area of Austin provides those essential functions for the booming city with an attractive mix of business parks and affordable housing. This enviable combination of family-friendly neighborhoods, employers from an assortment of industries, and major transportation arteries makes North/Central Austin an in-demand location for many businesses.
As experts in the local commercial real estate market, TenantBase wants to lend its experience and insight to your search for new office space in North/Central Austin. Use the following guide to help make your organization’s next home one that leverages the unique benefits, personality, and growth seen throughout the charismatic city.
Office Space in North/Central Austin
Small to medium-sized businesses are well-served by North/Central Austin’s many traditional Class A office parks located west of Mopac Expressway (Loop 1). The area also features several low to mid-rise buildings as well as pockets of light industrial space. The majority of these properties feature space up to 5,000 SF at rents of $28 SF gross. Companies needing more space can find commercial property in the 20,000 SF range along the border of Mopac where 15 large scale office parks serve bigger organizations.
Retail plays a significant role in the local economy as evidenced by the numerous retail properties scattered throughout North/Central Austin. Parking in the office parks and buildings typically comes with the lease agreement at four to five spaces per 1,000 SF. Much of the changes coming to the area revolve around the mixed-use development and $250 million soccer stadium planned for the city-owned McKalla Place property at the heart of North/Central Austin.
Working in North/Central Austin
The robust housing options, ample amenities, and many commuting options make North/Central Austin an attractive option for companies looking for a healthy work-life balance. Commuters to the area enjoy the convenience of working so close to Mopac, I-35, and 183. While traffic can be heavy at times, employees also have many alternative transportation options available to make the morning and evening commute far smoother and stress-free.
North/Central Austin is particularly bike-friendly with its many trails and designated bike lanes. Shoal Creek runs through North/Central Austin and provides many of those bike trails and paths. Public transportation is also plentiful in the area with several bus routes traversing the region. CapMetro’s 801 North Lamar/South Congress MetroRapid line runs every ten minutes with limited stops on weekdays and features two Park & Ride lots as well as two stations.
North/Central Austin also features several amenities that are useful in attracting talent to the area. The local restaurant scene has exploded in recent years along Burnet Road and N. Airport Blvd. This eclectic mix of dining options is especially appealing to Austin’s significant talent pool when coupled with the many retail options and affordable housing throughout the region and neighboring areas.
North/Central Austin is an ideal location for organizations looking for abundant space, convenient commuting options, amenities, and housing that together create a satisfying work-life balance. Let TenantBase help you make the most of what the area has to offer and find office space in North/Central Austin that will serve your organization and employees well for years to come.