Tech companies continue growth in Austin’s office market

1. Research &
Forecast Report
AUSTIN | OFFICE
Q2 2019
Kaitlin Holm Research and Marketing Coordinator | Austin
Boots On The Ground Commentary by David Bremer
Our “Boots on the Ground” viewpoint is the voice of our experts, who
have broken down the market data and compared it to what they are
seeing for themselves. This is their take on what the numbers actually
mean for the Austin office market.
Austin’s market continues to expand at an unprecedented pace,
led by significant corporate expansions and hiring coupled with
significant organic growth. To Austin’s credit, it has largely been
able to maintain it’s notable quality of life, with WalletHub recently
naming Austin as the second-best city to live in. Austin was also
noted as the number four city out of 100 major metropolitan areas
for STEM capability (Science, Technology, Engineering and Math).
Technology companies continue to be the primary driver of Austin
growth. The city now has eight tech companies (Apple, Dell, IBM,
Google, Indeed, Samsung, NXP and Applied Materials) occupying or
preparing to occupy over one million square feet. Others, such as
Oracle and Facebook, will likely be approaching these sizes in the
near future. A substantial amount of space is under construction
and these tech giants show no signs of a slowdown, which means
there will be a continued surge in hiring and more people on
the highways. Location-wise, the majority of these high-growth
companies will be in the CBD or in North Austin. When you take
into account the likely additional expansion in far Northwest Austin
by Apple and a few other companies close to taking down real
estate (150K-450K SF) citywide, we have every reason to believe
that the employee migration to Austin will continue.
The result of all of this demand has kept the market extremely
tight and has continued to push rates upward. Medium and large
companies are urged to start the real estate evaluation process
sometimes 2-3 years in advance in case they have to consider
build-to-suits or pre-leases due to lack of availability. An active
market also means very busy construction crews. Finish-out
pricing has trended significantly upwards and is now one of the
most important factors to evaluate when comparing options on
the market. Parking is also near the top for items to discuss on the
front end as higher rates result in a flight toward higher density.
Tech companies continue growth in Austin’s
office market
Future Forecast
Austin is set to deliver a huge amount of new office space in the
next 3 years, but much of this space is pre-leased well in advance
of delivery. Barring a significant national economic slowdown
(elections, financial markets, etc.), we don’t see a reason why
Austin would slow in the coming months or quarters. Occupancy
levels are rising in the short term until some of the new projects
start to deliver and we believe the cost of space will continue
steadily increasing until the supply and demand evens out.
Tip: When looking at new product, operating expenses (primarily
taxes) are quoted as artificially low. In the past, these expenses
were generally modeled as a slow escalation over 2-3 years as the
taxing authority caught up to full valuation. We feel there is likely
to be a new trend of very fast tax/expense catch up, so make sure
your broker is advising you smartly and conservatively on this
front.
By The Numbers
TOTAL INVENTORY
59.2M SF
TOTAL VACANCY
9.5%
Q2 NET ABSORPTION
528,811 SF
YTD NET ABSORPTION
493,477 SF
TOTAL UNDER
CONSTRUCTION
5.29M SF
TOTAL PRE-LEASED
2.15M SF
CBD CLASS A
$60.47as tracked by Colliers
SUBURBAN CLASS A
$41.19as tracked by Colliers
AVERAGE
RATE/SF
$35.74
*Rates inclusive of estimated operating expenses.

2. 2
Austin Office Overview
In the second quarter of 2019, Austin’s office market reported
528,811 SF of positive net absorption. The majority of the positive
absorption occurred in Class B buildings with a total of 430,300
SF of positive net absorption. Class B buildings in Austin posted
112,462 SF of positive net absorption, while Class C properties
posted 13,951 SF of negative net absorption.
Currently, 5,290,054 SF of office space is under construction and
2,156,834 SF of that is pre-leased. The third quarter of 2019 is
expected to see 883,094 SF of deliveries and 664,679 of that is
pre-leased. One of the buildings set to deliver in the third quarter
of 2019 is Offices at Saltillo, which was supposed to deliver in the
second quarter. The entire 150,000 SF East-side building is already
100% leased to Google.
SXSW Center in the CBD submarket was the largest building to
deliver in the second quarter. This 140,000 SF building delivered in
May and is 94% leased by a few large tenants including SXSW and
WeWork. The third quarter of 2019 is expected to see twelve new
buildings come online.
The citywide average rental rate increased over the quarter from
$35.55 per SF in Q1 2019 to $35.74 per SF in Q2 2019. Class A
rental rates in Austin’s CBD increased by 3.6% over the quarter
to $52.78 per SF up from $50.90 per SF in the first quarter of
2019. The overall suburban Class A rental rate also increased, from
$37.67 per SF to $37.97 per SF, over the quarter.
In May, CNBC announced that Austin has been ranked one of the
best big cities for starting a business. Austin ranked fourth behind
Orlando (FL), Oklahoma City (OK) and Miami (FL). Austin beat out
large cities like Atlanta and Denver and some other “tech” cities
like Durham and Raleigh, North Carolina. The rankings were based
on nineteen key metrics, including: job growth, share of college-
educated population, office space affordability and corporate taxes.
Cities with some of the largest populations, like New York, didn’t
make the list because they tend to be some of the least affordable
places to live.
Vacancy & Availability
Austin’s citywide vacancy rate decreased slightly from 10.3% in
the first quarter of 2019 to 9.5% in the second quarter of 2019.
The Southeast submarket’s Class C vacancy rate saw over 55,000
square feet come onto the market in the second quarter, which is
why they had the largest jump in vacancy moving from 4.5% in Q1
2019 to 24.2% in Q2 2019.
The largest decline in vacancy happened in the Class A Southwest
submarket, where the rate decreased from 12.6% to 10.2%, which
is due to over 345,000 square feet being taken off the market.
Overall suburban vacancy decreased quarter over quarter from
11.4% in Q1 2019 to 10.3% in Q2 2019, while the CBD’s vacancy
rate increased over the quarter from 5.6% to 6.0%.
2 Austin Research & Forecast Report | Q2 2019 | Office | Colliers International
Market Indicators
Relative to prior period
Annual
Change
Quarterly
Change
Quarterly
Forecast*
VACANCY
NET ABSORPTION
NEW CONSTRUCTION
UNDER CONSTRUCTION
*Projected
Summary Statistics
Austin Office Market Q2 2018 Q1 2019 Q2 2019
Vacancy Rate 10.6% 10.3% 9.5%
Net Absorption
(Million Square Feet)
-.262 -0.035 .528
New Construction
(Million Square Feet)
1.23 .378 2.46
Under Construction
(Million Square Feet)
4.09 3.18 5.29
Class A Vacancy Rate
CBD
Suburban
9.9%
11.1%
6.0%
10.9%
5.9%
9.3%
Gross Asking Rents
Per Square Foot Per Year
Average $34.37 $35.55 $35.74
CBD Class A $50.01 $50.90 $52.78
Suburban Class A $36.20 $37.67 $37.97
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
-200,000
-100,000
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
Net Absorption New Supply Vacancy
ANNUAL ABSORPTION, NEW SUPPLY, AND VACANCY

3. $0.00
$10.00
$20.00
$30.00
$40.00
$50.00
CBD Rents Suburban Rents
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
CBD Vacancy Suburban Vacancy
8.5%
9.0%
9.5%
10.0%
10.5%
11.0%
11.5%
-200,000
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
Net Absorption New Supply Vacancy
Absorption & Demand
Austin’s office market posted 528,811 square feet of positive net
absorption in Q2 2019. The only submarkets that experienced loss
over the quarter were the Northeast submarket (74,550 square feet
of negative absorption) and the CBD submarket (54,501 square feet
of negative absorption).
A majority of the negative net absorption over the quarter occurred
in the Class B Northeast submarket, totaling 74,650 square feet
of negative absorption. In April, all of Promontory Point C (46,893
square feet) was put on the market brought the submarket’s net
absorption number down quite a bit. In all, 89,695 square feet came
to the Class B Northeast submarket.
The Northwest submarket helped push the absorption balance
into positive numbers with 197,224 square feet of positive net
absorption. The majority of the absorption in the Northwest
submarket happened Class A space and can be attributed to
Allergan moving into an estimated 43,000 square feet at Riata
Corporate Park 2 (12301-B Riata Trace Parkway).
The Austin market recorded forty-eight signed leases in the second
quarter with some big tenants leading the way. Visa signed their
133,823 square foot lease for Research Park Plaza Building I at
12401 Research Boulevard, while Apple is set to take even more
space in the tech corridor by taking all of Parmer 3.4. The 115,000
square foot building was just completed late last year.
Rental Rates
According to CoStar, our data provider, Austin’s citywide average
rental rate increased 1.16% over the quarter from $35.33 per SF to
$35.74 per SF.
As expected, the highest rates across the Austin office market in
the second quarter were in CBD Class A buildings where net rental
rates averaged $52.78 per SF. Rental rates were also high in the
East and South submarkets where Class A rental rates reached
$49.27 per SF and $43.89 per SF, respectively.
Citywide Class B rental rates rose slightly in Q2 2019 to $31.33
per SF from $30.80 per SF in Q1 2019. CBD Class B rental rates
increased by 2.0% over the quarter from $47.17 per SF to $48.15
per SF in Q2 2019.
3 Austin Research & Forecast Report | Q2 2019 | Office | Colliers International
UNEMPLOYMENT 5/18 5/19
AUSTIN 2.7% 2.2%
TEXAS 3.6% 2.9%
U.S. 3.6% 3.4%
JOB GROWTH
Annual
Change
# of Jobs
Added
AUSTIN 2.3% 24.7K
TEXAS 2.4% 301.2K
U.S. 1.5% 2.3M
CBD vs. Suburban
CLASS A OFFICE VACANCY
CLASS A OFFICE RENTS
Job Growth & Unemployment
(not seasonally adjusted)
QUARTERLY ABSORPTION, NEW SUPPLY, AND VACANCY

4. 44 Austin Research & Forecast Report | Q2 2019 | Office | Colliers International
Q2 2019 Top Office Lease Transactions
BUILDING ADDRESS SUBMARKET SF TENANT LEASE DATE
12401 Research Blvd Northwest 133,823 Visa Apr-19
13011 McCallen Pass Northeast 115,000 Apple Apr-19
8407 Wall St Northeast 109,312 Texas Department of State Health Services1
Jun-19
7501 Capital Of Texas Hwy N Northwest 87,408 Indeed, Inc.1
Apr-19
405 Colorado St CBD 69,550 DLA Piper Apr-19
2010 S Lamar Blvd South 63,903 JUUL3
May-19
401 S 1st St South 50,000 Baker Botts May-19
200 W 6th St CBD 33,505 Brown Advisory, LLC May-19
2101 E Saint Elmo Rd Southeast 31,000 MedtoMarket, Inc Apr-19
805 Las Cimas Pky Southwest 30,026 Aeglea BioTherapeutics, Inc. Apr-19
901 E 6th St East 29,047 OpCity May-19
13785 Research Blvd Far Northwest 25,270 Ping Identity Corporation May-19
800 Brazos St CBD 23,656 ACloudGuru Jun-19
835 W 6th St CBD 21,309 Clear Data2
Jun-19
1400 Lavaca St CBD 20,816 Butler Snow May-19
916 S Capital Of Texas Hwy Southwest 18,447 AXA Financial Advisors May-19
979 Springdale Rd East 17,686 Scale Factor3
Apr-19
5001 Plaza On The Lake Dr Southwest 17,416 Amherst Insight Labs LLC May-19
5812 Trade Center Dr Southeast Ind 15,520 Frontgate Holdings, LLC May-19
Leasing Activity
Austin’s office market recorded 1,436,717 SF of leasing activity in Q2 2019. Major transactions this quarter included Visa leasing all of
Research Park Plaza Building I (12401 Research Boulevard), Apple taking 115,000 SF at Parmer 3.4 (13011 McCallen Pass) and Texas
Department of State Health Services renewing their lease at the Exchange Building (8407 Wall Street).
1
Renewal 2
Sublease 3
Colliers Deal
Q2 2019 Significant Sales Transactions – (100,000 SF or greater)
BUILDING ADDRESS SUBMARKET RBA (SF) YEAR BUILT BUYER SELLER SALE PRICE $/SF CLOSED
TIER REIT to Cousins
Properties Inc Portfolio (13
bldgs) 1
Multiple 2,689,002 Multiple
Cousins Properties
Incorporated
TIER REIT, Inc. $1,269,539,576 $470.09 Jun-19
Third + Shoal - 208 Nueces
St
CBD 374,963 2018
Credit Suisse
Asset Management
(Schweiz) AG
Cielo Property Group $307,662,600 $820.51 Jun-19
Research Park Plaza Bldg
I & II - 12401 Research
Blvd 1
Northwest 266,930 1999 DWS Spear Street Capital $123,500,000 $462.67 Jun-19
Exchange Building - 8407
Wall St
Northeast 109,315 1985
Capital Commercial
Investments, Inc.
The Keystone Group Undisclosed N/A Jun-19
Sales Activity
Austin’s office investment sales activity included seventeen building transactions, with fifteen of them being a part of two different portfolio
transactions. In June, Cousins Properties Incorporated purchased thirteen buildings in Austin as part of a twenty-four property portfolio
from TIER REIT, Inc. The average price per square foot for those thirteen properties was $470.09. The largest stand alone purchases was
Credit Suisse Asset Management buying Third + Shoal from Cielo Properties.
Sources: CoStar and Real Capital Analytics
1
Part of a portfolio

5. 5 Austin Research & Forecast Report | Q2 2019 | Office | Colliers International
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Chart Title–One Line
Chart Title
SUBHEAD 1 SUBHEAD 1 SUBHEAD 1 SUBHEAD 1
Body
INVENTORY DIRECT VACANCY
SUBLEASE
VACANCY
VACANCY VACANCY RATE (%)
NET ABSORPTION
(SF)
RENTAL
RATE
CLASS
# OF
BLDGS
TOTAL (SF) (SF)
RATE
(%)
(SF)
RATE
(%)
TOTAL
(SF)
Q2-2019 Q1-2019 Q2-2019 Q1-2019
AVG ($/
SF)
CBD
A 32 8,145,745 446,208 5.5% 37,391 0.5% 483,599 5.9% 6.0% 4,091 -4,809 $52.78
B 36 2,862,491 129,517 4.5% 61,531 2.1% 191,048 6.7% 4.5% -62,057 58,994 $48.15
C 10 631,980 10,798 1.7% 17,500 2.8% 28,298 4.5% 5.0% 3,465 -13,950 $26.85
Total 78 11,640,216 586,523 5.0% 116,422 1.0% 702,945 6.0% 5.6% -54,501 40,235 $50.83
SUBURBAN
A 198 23,210,467 1,849,681 8.0% 302,526 1.3% 2,152,207 9.3% 10.9% 426,209 196,754 $37.97
B 411 21,304,802 2,231,390 10.5% 295,876 1.4% 2,527,266 11.9% 12.7% 174,519 -289,172 $29.92
C 63 3,112,846 219,316 7.0% 6,714 0.2% 226,030 7.3% 6.7% -17,416 16,749 $27.10
Total 672 47,628,115 4,300,387 9.0% 605,116 1.3% 4,905,503 10.3% 11.4% 583,312 -75,669 $33.53
OVERALL
A 230 31,356,212 2,295,889 7.3% 339,917 1.1% 2,635,806 8.4% 9.6% 430,300 191,945 $40.63
B 447 24,167,293 2,360,907 9.8% 357,407 1.5% 2,718,314 11.2% 11.7% 112,462 -230,178 $31.33
C 73 3,744,826 230,114 6.1% 24,214 0.6% 254,328 6.8% 6.4% -13,951 2,799 $27.08
Total 750 59,268,331 4,886,910 8.2% 721,538 1.2% 5,608,448 9.5% 10.3% 528,811 -35,434 $35.74
INVENTORY
DIRECT
VACANCY
SUBLEASE
VACANCY
VACANCY VACANCY RATE (%) NET ABSORPTION (SF)
RENTAL
RATE
CLASS
# OF
BLDGS
TOTAL (SF) (SF)
RATE
(%)
(SF)
RATE
(%)
TOTAL
(SF)
Q2-2019 Q1-2019 Q2-2019 Q1-2019
AVG ($/
SF)
CEDAR PARK
A 6 555,222 69,515 12.5% 0 0.0% 69,515 12.5% 16.0% 19,376 -1,905 $32.87
B 8 348,822 20,599 5.9% 9,405 2.7% 30,004 8.6% 9.1% 1,859 17,182 $29.24
Total 14 904,044 90,114 10.0% 9,405 1.0% 99,519 11.0% 13.4% 21,235 15,277 $31.90
CENTRAL .
A 6 640,288 21,230 3.3% 15,703 2.5% 36,933 5.8% 5.6% -856 17,366 $33.09
B 40 2,166,333 210,253 9.7% 26,988 1.2% 237,241 11.0% 12.2% 27,157 46,255 $30.95
C 14 823,232 40,713 4.9% 0 0.0% 40,713 4.9% 6.2% 10,557 15,291 $30.79
Total 60 3,629,853 272,196 7.5% 42,691 1.2% 314,887 8.7% 9.7% 36,858 78,912 $31.05
EAST
A 3 222,579 16,525 7.4% 0 0.0% 16,525 7.4% 7.4% 43 127,296 $49.27
B 19 1,255,699 123,872 9.9% 0 0.0% 123,872 9.9% 9.2% -8,595 -24,421 $35.14
C 7 271,235 12,863 4.7% 1,200 0.4% 14,063 5.2% 8.6% 9,319 -5,676 $39.50
Total 29 1,749,513 153,260 8.8% 1,200 0.1% 154,460 8.8% 8.9% 767 97,199 $38.48
FAR NORTHEAST
B 3 94,996 18,380 19.3% 350 0.4% 18,730 19.7% 20.4% 640 -490 $30.13
Total 3 94,996 18,380 19.3% 350 0.4% 18,730 19.7% 20.4% 640 -490 $30.13
FAR NORTHWEST
A 13 1,889,243 207,184 11.0% 67,343 3.6% 274,527 14.5% 18.1% 66,898 -11,148 $33.28
B 11 713,324 56,644 7.9% 3,217 0.5% 59,861 8.4% 9.1% 5,167 15,477 $27.21
C 2 77,864 1,180 1.5% 0 0.0% 1,180 1.5% 1.5% 0 -1,180 $22.48
Total 26 2,680,431 265,008 9.9% 70,560 2.6% 335,568 12.5% 15.2% 72,065 3,149 $32.30
Austin Suburban Office Market Summary
Austin Office Market Summary (CBD, Suburban, & Overall)

6. 6 Austin Research & Forecast Report | Q2 2019 | Office | Colliers International
Austin Suburban Office Market Summary - Continued
INVENTORY DIRECT VACANCY
SUBLEASE
VACANCY
VACANCY VACANCY RATE (%)
NET ABSORPTION
(SF)
RENTAL
RATE
CLASS
# OF
BLDGS
TOTAL (SF) (SF)
RATE
(%)
(SF)
RATE
(%)
TOTAL
(SF)
Q2-2019 Q1-2019 Q2-2019 Q1-2019
AVG ($/
SF)
NORTH/DOMAIN
A 18 2,817,916 40,847 1.4% 24,219 0.9% 65,066 2.3% 3.2% 25,743 5,938 $38.06
B 45 2,631,678 293,400 11.1% 17,725 0.7% 311,125 11.8% 12.8% 26,081 -90,333 $30.25
C 2 85,476 11,226 13.1% 0 0.0% 11,226 13.1% 13.1% 0 11,226 $10.80
Total 65 5,535,070 345,473 6.2% 41,944 0.8% 387,417 7.0% 7.9% 51,824 -73,169 $32.93
NORTHEAST
A 4 353,065 5,229 1.5% 0 0.0% 5,229 1.5% 1.5% 100 -2,652 $27.61
B 20 1,296,663 193,586 14.9% 174,535 13.5% 368,121 28.4% 22.6% -74,650 -61,335 $22.52
C 6 226,421 78,799 34.8% 0 0.0% 78,799 34.8% 34.8% 0 0 $22.62
Total 30 1,876,149 277,614 14.8% 174,535 9.3% 452,149 24.1% 20.1% -74,550 -63,987 $22.64
NORTHWEST
A 71 7,908,726 746,408 9.4% 52,814 0.7% 799,222 10.1% 12.1% 158,267 -83,794 $36.87
B 111 5,046,746 612,994 12.1% 20,047 0.4% 633,041 12.5% 13.4% 43,204 -102,888 $31.10
C 6 450,469 6,102 1.4% 0 0.0% 6,102 1.4% 0.4% -4,247 -355 $28.03
Total 188 13,405,941 1,365,504 10.2% 72,861 0.5% 1,438,365 10.7% 12.2% 197,224 -187,037 $34.08
ROUND ROCK
A 10 893,134 143,747 16.1% 7,597 0.9% 151,344 16.9% 10.6% -3,634 -16,482 $33.72
B 19 802,128 39,891 5.0% 5,926 0.7% 45,817 5.7% 6.5% 6,052 5,598 $27.65
C 6 219,274 0 0.0% 0 0.0% 0 0.0% 0.0% 0 0 $26.67
Total 35 1,914,536 183,638 9.6% 13,523 0.7% 197,161 10.3% 7.6% 2,418 -10,884 $32.18
SOUTH
A 6 485,993 18,752 3.9% 0 0.0% 18,752 3.9% 4.8% 4,601 -8,588 $43.89
B 28 1,277,893 60,269 4.7% 7,212 0.6% 67,481 5.3% 5.3% 603 -23,659 $31.64
C 11 629,864 14,427 2.3% 3,664 0.6% 18,091 2.9% 3.4% 3,414 -1,707 $26.27
Total 45 2,393,750 93,448 3.9% 10,876 0.5% 104,324 4.4% 4.7% 8,618 -33,954 $33.51
SOUTHEAST
A 2 484,939 36,701 7.6% 0 0.0% 36,701 7.6% 7.9% 1,400 201,131 $22.60
B 18 1,974,407 250,390 12.7% 0 0.0% 250,390 12.7% 19.3% 130,705 -29,106 $24.13
C 5 185,741 43,052 23.2% 1,850 1.0% 44,902 24.2% 4.5% -36,459 -850 $21.93
Total 25 2,645,087 330,143 12.5% 1,850 0.1% 331,993 12.6% 16.2% 95,646 171,175 $23.94
SOUTHWEST
A 54 6,368,912 515,858 8.1% 134,840 2.1% 650,698 10.2% 12.6% 150,800 -21,859 $42.40
B 80 3,141,187 321,530 10.2% 27,521 0.9% 349,051 11.1% 11.6% 13,934 -43,117 $32.81
C 3 93,138 6,278 6.7% 0 0.0% 6,278 6.7% 6.7% 0 0 $22.24
Total 137 9,603,237 843,666 8.8% 162,361 1.7% 1,006,027 10.5% 12.2% 164,734 -64,976 $39.09
WEST CENTRAL
A 5 590,450 27,685 4.7% 0 0.0% 27,685 4.7% 5.3% 3,471 -8,549 $42.47
B 9 554,926 29,582 5.3% 2950 0.5% 32,532 5.9% 6.3% 2,462 1,665 $36.59
C 1 50,132 4,676 9.3% 0 0.0% 4,676 9.3% 9.3% 0 0 -
Total 15 1,195,508 61,943 5.2% 2,950 0.2% 64,893 5.4% 5.9% 5,933 -6,884 $40.06

7. 7 Austin Research & Forecast Report | Q2 2019 | Office | Colliers International
Office Development Pipeline
5,290,054 square feet of office space was under construction during Q2 2019. Two buildings delivered in Q2, with the largest being SXSW
Center (1400 Lavaca Street). The 140,000 square foot building was 94.3% leased at delivery and 64,967 SF of that will be occupied by
WeWork. 41% of the space under construction is already pre-leased and almost a million square feet is set to deliver in Q3 2019.
BUILDING NAME ADDRESS SUBMARKET SF
PRE-
LEASED
DEVELOPER
EST.
DELIVERY
Foundry 310 Comal St East 75,369 92.1% Cielo Realty Partners Jul-19
Offices At Saltillo 901 E 5th St East 150,000 100.0% Endeavor Real Estate Group Jul-19
Met Center Creative Office-Building A 8000 Metropolis Dr Southeast 71,225 0.0% Zydeco Development Jul-19
Bldg 2 1601 E Pflugerville Pky Far Northeast 10,378 34.1% Unknown Jul-19
Met Center Creative Office-Building B 8000 Metropolis Dr Southeast 67,625 0.0% Zydeco Development Jul-19
Davenport 360 6001 Bold Ruler Way Southwest 35,551 34.9% Unknown Aug-19
Domain Place 10727 Domain Dr North/Domain 38,638 20.2% Stonelake Capital Partners Aug-19
Paloma Ridge Building C 13620 Ranch Road 620 N Far Northwest 165,714 0.0% Unknown Sep-19
2050 Doublecreek Dr 2050 Doublecreek Dr Round Rock 16,000 0.0% Unknown Sep-19
2909 Flintrock Trce 2909 Flintrock Trce Southwest 37,432 0.0% Unknown Sep-19
Wesco 8656 W State Highway 71 Southwest 21,835 51.2% Unknown Sep-19
Parmer 4.1 Parmer 4.1 Northeast 196,000 0.0% Trammell Crow Company Sep-19
Pflugerville Professional Park 701 FM 685 Far Northeast 52,948 85.5% Unknown Oct-19
Building 3 1009 S Congress Ave South 30,468 38.0% Endeavor Real Estate Group Oct-19
Domain W4 11501 Rock Rose Blvd North/Domain 16,327 9.3% Endeavor Real Estate Group Oct-19
CityView 1007 S Congress Ave South 50,000 100.0% Turnbridge Equities Nov-19
Sunset Ridge at Southwest Parkway 8413 Southwest Pky Southwest 197,300 3.7% Unknown Nov-19
East6 2010 E 6th St East 115,000 100.0% AQUILA Commercial Dec-19
Domain 12 11800 Alterra Pky North/Domain 320,102 100.0% TIER REIT, Inc. Dec-19
Junior League of Austin 5334 Bluffstone Ln Northwest 48,000 100.0% Unknown Dec-19
Rollingwood Town Center Phase III 2500 Bee Caves Rd Southwest 128,000 51.5% Endeavor Real Estate Group Dec-19
1320 Arrow Point Dr - 1 1320 Arrow Point Dr Cedar Park 16,300 0.0% Unknown Dec-19
1320 Arrow Point Dr - 2 1320 Arrow Point Dr Cedar Park 15,300 0.0% Unknown Dec-19
1320 Arrow Point Dr - 3 1320 Arrow Point Dr Cedar Park 12,690 0.0% Unknown Dec-19
WestPark Professional- Building 4 120 S Lakeline Blvd Cedar Park 11,182 0.0% Unknown Dec-19
WestPark Professional Building 3 120 S Lakeline Blvd Cedar Park 11,182 0.0% Unknown Dec-19
Building 2 120 S Lakeline Blvd Cedar Park 10,902 0.0% Unknown Dec-19
WestPark Professional 120 S Lakeline Blvd Cedar Park 10,902 0.0% Unknown Dec-19
Domain 10 11815 Alterra Pky North/Domain 299,673 59.9% Endeavor Real Estate Group Jan-20
Bldg 3 1601 E Pflugerville Pky Far Northeast 38,500 0.0% Unknown Jan-20
Buildings 2, 3, 4,, 5, 7, 9,10 13625 Ronald Regan Blvd Round Rock 36,650 71.3% Huffman Builders Jan-20
The Grove 1 4301 Bull Creek Rd West Central 134,114 0.0% Castletop Capital Jan-20
Parmer Sector 4.2 Parmer 4.2 Northeast 118,000 15.3% Trammell Crow Company Jan-20
Highland 3 523 E Highland Blvd Central 250,000 100.0% Unknown Feb-20
The Grove 2 2117 Perseverance Dr West Central 134,114 65.0% Castletop Capital Feb-20
1141 Shady Ln 1141 Shady Ln East 64,674 18.2% Bercy Chen Studio LP Mar-20
10029 Manchaca Rd 10029 Manchaca Rd South 30,000 0.0% Unknown Mar-20
Building III 7717 Southwest Pky Southwest 20,858 0.0% Unknown Apr-20
Building 3 9225 Bee Caves Rd Southwest 30,077 0.3% Unknown Apr-20
Building E 3601 S Congress Ave South 42,500 0.0% Unknown Apr-20
Creekside at the Hills 4609 Bee Caves Rd Southwest 31,460 58.5% Bogle Family Realty LLLP May-20
Bouldin Creek 2043 S Lamar Blvd South 161,310 11.7% Unknown Jun-20

8. 8 North American Research & Forecast Report | Q4 2014 | Office Market Outlook | Colliers International
Copyright © 2015 Colliers International.
The information contained herein has been obtained from sources deemed reliable. While
every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No
responsibility is assumed for any inaccuracies. Readers are encouraged to consult their
professional advisors prior to acting on any of the material contained in this report.
Colliers International | Market
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000 Address, Suite #
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colliers.com/<<market>>
8 North American Research & Forecast Report | Q4 2014 | Office Market Outlook | Colliers International
Copyright © 2019 Colliers International.
The information contained herein has been obtained from sources deemed reliable. While
every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No
responsibility is assumed for any inaccuracies. Readers are encouraged to consult their
professional advisors prior to acting on any of the material contained in this report.
Colliers International | Austin
111 Congress Avenue, Suite 750
Austin, Texas 78701
+1 512 539 3000
colliers.com/austin
FOR MORE INFORMATION
Kaitlin Holm
Research and Marketing Coordinator | Austin
+1 512 539 3021
kaitlin.holm@colliers.com
Q2 2019 Austin Office Highlights
QUOTED GROSS RENTAL RATES FOR EXISTING TOP PERFORMING OFFICE BUILDINGS
BUILDING NAME ADDRESS SUBMARKET RBA (SF)
YEAR
BUILT
%
LEASED
AVAIL.
SF
RENT
($/SF)
OWNER
100 Congress 100 Congress Ave CBD 411,536 1987 99.79 40,039 $73.05 Invesco Ltd.
Stonebridge Plaza I 9606 N MoPac Expy Northwest 200,628 1999 99.29 1,431 $47.68 Intercontinental Real Estate
Corporation
San Jacinto Center 98 San Jacinto Blvd CBD 410,248 1987 98.75 69,509 $68.61 Cousins Properties
Incorporated
7700 Parmer B 7700 W Parmer Ln Far Northwest 335,138 1999 98.40 5,373 $40.77 Accesso Partners
Chase Tower 221 W 6th St CBD 389,503 1972 98.31 6,592 $66.51 Lincoln Property Company
300 West Sixth 300 W 6th St CBD 454,225 2001 97.50 29,840 $68.65 CalSTRS
2nd Street District 200 W Cesar Chavez St CBD 219,828 2001 97.16 58,933 $81.00 Silicon Labs
Austin Centre 701 Brazos St CBD 326,335 1986 96.74 17,080 $58.41 Sidra Real Estate, Inc.
7700 Parmer C 7700 W Parmer Ln Far Northwest 300,274 1999 96.64 10,101 $41.98 Accesso Partners
One Eleven Congress 111 Congress Ave CBD 518,385 1985 95.87 74,832 $68.19 Cousins Properties
Incorporated
Note: Avail. SF includes direct and sublet space as well as any future available space listed.
Source: CoStar Property

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C O L L I E R S I N T E R N A T I O N A L G L O B A L L O C A T I O N S
COMMERCIAL REAL ESTATE SECTORS REPRESENTED
OFFICE
INDUSTRIAL
LAND
RETAIL
HEALTHCARE
MULTIFAMILY
HOTEL
$127BTRANSACTION VALUE
2BSF UNDER MANAGEMENT
$3.3BIN REVENUE
438OFFICES
17,300PROFESSIONALS
340ACCREDITED MEMBERS
68COUNTRIES
SIOR
ADVANTAGE
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