The document provides an overview of the Austin office market in Q1 2020. It summarizes that the market saw 35,453 SF of negative net absorption in Q1, with large negative absorption in Class A buildings. Vacancy increased to 13.0% citywide. Rental rates increased slightly to $35.93 on average. The report also discusses the impacts of COVID-19 on the market and expectations for Q2 2020.

1. Research &
Forecast Report
AUSTIN | OFFICE
Q1 2020
Kaitlin Holm Research and Marketing Coordinator | Austin
Boots On The Ground Commentary by Zach Ellis
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.
January brought many of the sentiments that typically usher in
a new year: optimism, excitement, eagerness and confidence
based on not only the preceding quarter, but on the past year and
numerous years before it. The first quarter of 2020 continued
as it had in recent memory with headlines of tenants expanding
or relocating to Austin, venture capital backing local startups,
a near record-breaking construction pipeline, historically low
unemployment rates, and our fair city topping the charts on most
“Best Places to…” lists. Fast forward to Q2 and the headlines
flooding our inboxes tell a different story.
Due to the global COVID-19 pandemic, most companies are being
forced to reevaluate operations with health and culture in mind and
redefine standards and best practices for each. What will the future
of work look like and what is the impact of work from home (WFH)
and a distributed workforce on productivity, space, and the sense
of togetherness? Will density of workspaces decrease as higher
importance is placed on personal space? How will technology
and innovation propel us forward and will ballooning tech budgets
be viable for all companies? How will building owners revive
confidence in the safety of their buildings?
Though not all is doom and gloom. This market correction may
loosen Landlord’s previously ironclad grip and return Austin
to more nostalgic times for many tenants leasing office space.
Combine this with a glut of sublease space surely to flood the
market throughout 2020 and historically low interest rates, now
is an optimal time for sure-footed companies looking to transact
on leases and purchases while others take aim on the growing
talent pool ripe with eager workers. People across the entire
CRE spectrum (tenants, landlords, lenders) are all intertwined,
codependent and are openly collaborating to find realistic solutions.
Unprecedented times will undoubtedly affect
Austin’s office market
Future Forecast
The spirit of Austin has played no small part in fueling the success
of those who call it home. This spirit has not changed and is why
our city will continue to prosper once the current crisis is (mostly)
in the rearview mirror.
Necessity breeds innovation. Every downturn has ended in an
upturn. This too shall pass. Whatever your mantra may be during
trying times, we are all in this together and we will persevere. The
future may currently be unclear, but we are confident there is a
headline just around the corner showcasing an Austin company
who did not succumb, but faced their challenges head on and
innovated the world of tomorrow for us all.
By The Numbers - Austin’s Office Market
TOTAL INVENTORY
61.1M SF
TOTAL VACANCY
13.0%
Q1 NET ABSORPTION
-35,453 SF
YTD NET ABSORPTION
-35,453 SF
TOTAL UNDER
CONSTRUCTION
5.32M SF
TOTAL PRE-LEASED
1.44M SF
CBD CLASS A
$62.51as tracked by Colliers
SUBURBAN CLASS A
$37.49
AVERAGE
RATE/SF
$35.93
Rates inclusive of estimated operating expenses. Average rates include
sublease rates, which are much lower than direct rates.

2. 2
Austin Office Overview
In the first quarter of 2020, Austin’s office market reported 35,453
SF of negative net absorption. A large amount of the negative
absorption occurred in Class A buildings with a total of 271,539
SF of negative net absorption. Class B buildings in Austin posted
209,275 SF of positive net absorption, and Class C properties
recorded 26,811 SF of positive net absorption.
There is 5,319,761 SF of office space under construction and
1,443,977 SF of that is pre-leased. Looking forward, the second
quarter of 2020 we expected to record 1,078,653 SF of deliveries
with 356,673 SF of that being pre-leased, but COVID-19 may
change those projections. One of the buildings set to deliver in
the second quarter of 2020 is Highland 3 at 523 East Highland
Boulevard; the entire 250,000 SF building is 100% leased prior to
delivery.
Domain 12 at 11800 Alterra Parkway was the largest building to
deliver in the first quarter. This 320,102 SF building delivered in
February and is 100% leased to Facebook. The second quarter of
2020 is expected to see eleven new buildings come online, but it is
likely that many of those deliveries will be pushed back.
The citywide average rental rate increased over the quarter from
$35.83 per SF in Q4 2019 to $35.93 per SF in Q1 2020. Class A
rental rates in Austin’s CBD decreased by 1.3% over the quarter
from $53.43 per SF to $54.16 per SF in the first quarter of 2019.
The overall suburban Class A rental rate decreased from $38.22
per SF to $37.49 per SF, over the quarter.
In February, The Wall Street Journal announced that Austin
ranks as the number one market for jobs in the United States. A
significant factor for this ranking is the fact that many major tech
companies making Austin their second home. Apple announcing
it’s new campus in North Austin is a great example. Comparatively,
Austin has a much more affordable housing market compared to
other tech cities, such as San Francisco, while also offering a highly
skilled workforce and laid-back yet active culture.
Due to the COVID-19 outbreak, we are now seeing companies laying
off many skilled workers just so they can survive this downturn.
As we watch the unemployment numbers rise, we can also look
forward to the talent that awaits once the economy begins to
bounce back and companies can begin hiring again.
Vacancy & Availability
Austin’s citywide vacancy rate increased from 12.7% in the fourth
quarter of 2019 to 13.0% in the first quarter of 2020. The East
submarket’s Class A vacancy rate had the largest jump in vacancy
moving from 2.3% in Q4 2019 to 17.1% in Q1 2020. This was
caused mostly by 37,597 SF being vacated at 901 East 6th Street.
The largest decline in vacancy was recorded in the Class C
Northeast submarket, where the rate decreased from 34.8%
to 7.3%, which is due to 62,299 SF at Promontory Point (2433
Ridgepoint Drive) being taken off the market.
2 Austin Research & Forecast Report | Q1 2020 | 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 Q1 2019 Q4 2019 Q1 2020
Vacancy Rate 10.9% 12.7% 13.0%
Net Absorption
(Million Square Feet)
.103 -.241 -.035
New Construction
(Million Square Feet)
0.38 1.88 0.08
Under Construction
(Million Square Feet)
3.18 7.15 5.32
Class A Vacancy Rate
CBD
Suburban
5.7%
10.8%
6.9%
15.0%
6.1%
17.0%
Gross Asking Rents
Per Square Foot Per Year
Average $35.50 $35.83 $35.93
CBD Class A $51.08 $54.16 $53.43
Suburban Class A $37.76 $38.22 $37.49
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
-400,000
100,000
600,000
1,100,000
1,600,000
2,100,000
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%
16.0%
18.0%
CBD Vacancy Suburban Vacancy
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
-400,000
-200,000
0
200,000
400,000
600,000
800,000
1,000,000
Net Absorption New Supply Vacancy
Absorption & Demand
Austin’s office market posted 35,453 SF of negative net absorption
in Q1 2020. Despite this, eight submarkets experienced positive
absorption over the quarter, including CBD, Cedar Park, Central, Far
Northeast, Far Northwest, Round Rock, Southeast and West Central.
A large amount of the negative net absorption over the quarter
occurred in the Class A Southwest submarket, totaling 143,773 SF
of negative absorption. In January, Endeavor put 32,994 SF of it’s
space at 7000 West at Lantana, Building 2 (7000 William Cannon
Drive West) on the market. An additional 39,714 SF was put on
the sublease market at The Park at Barton Creek, Building 2 (3711
South MoPac Expressway). In all, 184,468 SF became available in
the Class A Southwest submarket.
The Southeast submarket helped bring the absorption number
closer to zero with 175,911 SF of positive net absorption. The
majority of the absorption in the Southeast submarket happened in
Class B space and can be partially attributed to World Class Capital
withdrawing a total of 94,775 SF in two spaces at both 8201 East
Riverside Drive and 7401 Ben White Boulevard from the market.
The Austin market recorded thirty-seven leases over 10,000 SF
each in the first quarter with a large renewal leading the way. 3M
signed a renewal for their 204,339 SF space at Parmer 3.3 (13011
McAllen Pass), while Atlassian Corporation inked a new deal for
157,540 SF at 1401 East 6th Street.
Rental Rates
According to CoStar, our data provider, Austin’s citywide average
rental rate increased 0.13% over the quarter from $35.83 per SF to
$35.93 per SF.
The highest rental rates across the Austin office market in the
first quarter were in CBD Class A buildings where net rental rates
average $53.43 per SF. Rental rates were also high in the South
submarket where Class A rental rates reached $47.62 per SF.
Citywide Class B rental rates rose marginally in Q1 2020 to $32.67
per SF up from $32.01 per SF in Q4 2019. CBD Class B rental rates
increased by 2.4% over the quarter from $50.23 per SF to $51.43
per SF in Q1 2020.
3 Austin Research & Forecast Report | Q1 2020 | Office | Colliers International
UNEMPLOYMENT 2/19 2/20
AUSTIN 3.0% 2.6%
TEXAS 3.7% 3.6%
U.S. 4.1% 3.8%
JOB GROWTH
Annual
Change
# of Jobs
Added
AUSTIN 3.3% 36.7K
TEXAS 2.4% 306.5K
U.S. 1.6% 2.4M
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 | Q1 2020 | Office | Colliers International
Leasing Activity
Austin’s office market recorded 1,079,068 SF of leasing activity in Q1 2020. Major transactions this quarter included 3M’s lease renewal
for 204,399 SF at 13011 McAllen Pass and Atlassian Corporation taking 157,540 SF at 1401 East 6th Street in the East submarket. The
Southwest submarket has eight new leases signed with the largest belonging to Wells Fargo. Wells Fargo took just over 45,000 SF at 5301
Southwest Parkway.
1
Renewal
Q1 2020 Significant Sales Transactions – (100,000 SF or greater)
BUILDING ADDRESS SUBMARKET RBA (SF) YEAR BUILT BUYER SELLER SALE PRICE $/SF CLOSED
1111 W 6th St West Central 130,059 1987
Schlosser
Development
Austin Independent
School District
Undisclosed N/A Feb-20
13011 McCallen Pass1
Northeast 204,400 2019
PRP Real Estate
Investment
Management
Karlin Real Estate $102,157,297 $499.79 Feb-20
Sales Activity
Austin’s office investment sales activity in Q1 2020 consisted of two building transactions, including one portfolio transaction. In February,
Schlosser Development purchased 1111 West 6th Street from Austin Independent School District. The sale price was not made public for
that purchase. PRP Real Estate Investment Management purchased two buildings in a portfolio, one of them being 13011 McAllen Pass, a
204,400 SF building where 3M offices. PRP purchased the buildings from Karlin Real Estate for $102,157,297.
Sources: CoStar and Real Capital Analytics
1
Part of a portfolio
LEADING THE NATION
Austin ranked No. 1 as 2019 Best Places to Live
in the United States according to U.S. News &
World Report. The list ranked the country’s 100
largest metropolitan areas based on affordability,
job prospects and quality of life
Q1 2020 Top Office Lease Transactions
BUILDING ADDRESS SUBMARKET SF TENANT LEASE DATE
13011 McCallen Pass Northeast 204,399 3M1
Feb-20
1401 E 6th St East 157,540 Atlassian Corp PLC Jan-20
5301 Southwest Pky Southwest 45,255 Wells Fargo Jan-20
7000 William Cannon Dr W Southwest 34,995 Advanced Micro Devices Jan-20
7600 Capital Of Texas Hwy N Northwest 30,000 Orthopaedic Associates of Central Texas Feb-20
1501 S Mo Pac Expy Southwest 22,001 Civitas Learning Jan-20
1301 S Mo Pac Expy S Southwest 13,000 Activetrak Jan-20
10801 MoPac Expy N North/Domain 12,908 Embarcadero Technologies, Inc.1
Feb-20
221 W 6th St CBD 11,858 TGLO Jan-20
505 E Huntland Dr Central 10,848 Texas State Board of Public Accountancy Jan-20
2101 S Interstate 35 Southeast 10,400 RAICES Jan-20

5. 5 Austin Research & Forecast Report | Q1 2020 | 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)
Q1-2020 Q4-2019 Q1-2020 Q4-2019
AVG ($/
SF)
CBD
A 32 8,190,239 384,039 4.7% 113,406 1.4% 497,445 6.1% 6.9% 69,522 -53,857 $53.43
B 35 2,719,912 148,167 5.4% 26,540 1.0% 174,707 6.4% 7.1% 19,383 -16,626 $51.43
C 10 631,980 10,555 1.7% 4,537 0.7% 15,092 2.4% 2.4% 0 -5,390 $24.91
Total 77 11,542,131 542,761 4.7% 144,483 1.3% 687,244 6.0% 6.7% 88,905 -75,873 $52.07
SUBURBAN
A 208 24,175,693 3,477,480 14.4% 639,152 2.6% 4,116,632 17.0% 15.0% -341,061 14,009 $37.49
B 424 22,752,811 2,709,253 11.9% 267,381 1.2% 2,976,634 13.1% 13.9% 189,892 -187,768 $31.26
C 58 2,606,930 153,554 5.9% 2,065 0.1% 155,619 6.0% 7.0% 26,811 7,868 $26.71
Total 690 49,535,434 6,340,287 12.8% 908,598 1.8% 7,248,885 14.6% 14.1% -124,358 -165,891 $34.16
OVERALL
A 240 32,365,932 3,861,519 11.9% 752,558 2.3% 4,614,077 14.3% 12.6% -271,539 -39,848 $39.50
B 459 25,472,723 2,857,420 11.2% 293,921 1.2% 3,151,341 12.4% 10.0% 209,275 -204,394 $31.54
C 68 3,238,910 164,109 5.1% 6,602 0.2% 170,711 5.3% 6.3% 26,811 2,478 $27.80
Total 767 61,077,565 6,883,048 11.3% 1,053,081 1.7% 7,936,129 13.0% 12.7% -35,453 -241,764 $35.93
INVENTORY
DIRECT
VACANCY
SUBLEASE
VACANCY
VACANCY VACANCY RATE (%) NET ABSORPTION (SF)
RENTAL
RATE
CLASS
# OF
BLDGS
TOTAL (SF) (SF)
RATE
(%)
(SF)
RATE
(%)
TOTAL
(SF)
Q1-2020 Q4-2019 Q1-2020 Q4-2019
AVG ($/
SF)
CEDAR PARK
A 7 720,936 189,669 26.3% 5,000 0.7% 194,669 27.0% 13.4% 45,560 -5,000 $33.45
B 8 348,822 49,260 14.1% 0 0.0% 49,260 14.1% 8.6% -19,272 1,938 $28.23
Total 15 1,069,758 238,929 22.3% 5,000 0.5% 243,929 22.8% 11.6% 26,288 -3,062 $31.88
CENTRAL .
A 6 640,288 24,282 3.8% 33,772 5.3% 58,054 9.1% 9.3% 1,711 -23,523 $45.23
B 41 2,198,429 201,184 9.2% 3,712 0.2% 204,896 9.3% 9.5% 4,606 48,974 $32.52
C 14 840,921 25,425 3.0% 865 0.1% 26,290 3.1% 2.4% -6,058 223 $22.70
Total 61 3,679,638 250,891 6.8% 38,349 1.0% 289,240 7.9% 7.9% 259 25,674 $32.89
EAST
A 6 431,301 65,015 15.1% 8,805 2.0% 73,820 17.1% 2.3% -63,945 17,933 $41.39
B 23 2,046,277 705,680 34.5% 0 0.0% 705,680 34.5% 35.6% 21,966 61,207 $31.91
C 7 285,188 21,897 7.7% 1,200 0.4% 23,097 8.1% 4.6% -9,973 7,057 $39.96
Total 36 2,762,766 792,592 28.7% 10,005 0.4% 802,597 29.1% 27.2% -51,952 86,197 $36.75
FAR NORTHEAST
B 3 94,996 13,590 14.3% 0 0.0% 13,590 14.3% 15.7% 1,333 6,473 $30.53
Total 3 94,996 13,590 14.3% 0 0.0% 13,590 14.3% 15.7% 1,333 6,473 $30.53
FAR NORTHWEST
A 13 1,889,243 265,871 14.1% 86,546 4.6% 352,417 18.7% 15.8% -53,617 -27,667 $32.92
B 13 1,267,919 36,614 2.9% 2,315 0.2% 38,929 3.1% 7.8% 60,511 -30,174 $25.92
C 2 77,864 3,200 4.1% 0 0.0% 3,200 4.1% 1.5% -2,020 0 $22.48
Total 28 3,235,026 305,685 9.4% 88,861 2.7% 394,546 12.2% 12.3% 4,874 -57,841 $31.86
Austin Suburban Office Market Summary
Austin Office Market Summary (CBD, Suburban, & Overall)

6. 6 Austin Research & Forecast Report | Q1 2020 | 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)
Q1-2020 Q4-2019 Q1-2020 Q4-2019
AVG ($/
SF)
NORTH/DOMAIN
A 18 2,705,028 66,230 2.4% 8,753 0.3% 74,983 2.8% 3.4% 15,698 18,338 $33.86
B 46 2,586,890 299,848 11.6% 2,638 0.1% 302,486 11.7% 10.6% -29,232 5,753 $28.28
C 1 24,759 0 0.0% 0 0.0% 0 0.0% 0.0% 0 0 -
Total 65 5,316,677 366,078 6.9% 11,391 0.2% 377,469 7.1% 6.8% -13,534 24,091 $29.88
NORTHEAST
A 5 645,881 119,000 18.4% 47,090 7.3% 166,090 25.7% 12.1% -88,007 -78,083 $24.07
B 20 1,296,547 117,914 9.1% 188,285 14.5% 306,199 23.6% 22.9% -9,320 3,112 $25.26
C 6 226,421 16,500 7.3% 0 0.0% 16,500 7.3% 34.8% 62,299 0 $22.70
Total 31 2,168,849 253,414 11.7% 235,375 10.9% 488,789 22.5% 20.9% -35,028 -74,971 $24.30
NORTHWEST
A 71 7,903,958 1,948,329 24.7% 261,258 3.3% 2,209,587 28.0% 26.3% -129,791 -49,712 $37.86
B 111 5,066,983 585,773 11.6% 50,570 1.0% 636,343 12.6% 13.3% 37,464 -139,445 $31.48
C 5 115,405 5,298 4.6% 0 0.0% 5,298 4.6% 2.6% -2,322 -516 $26.91
Total 187 13,086,346 2,539,400 19.4% 311,828 2.4% 2,851,228 21.8% 21.1% -94,649 -189,673 $34.92
ROUND ROCK
A 10 888,434 102,793 11.6% 7,597 0.9% 110,390 12.4% 16.4% 34,998 6,931 $33.26
B 19 681,448 79,972 11.7% 5,579 0.8% 85,551 12.6% 13.6% 7,320 -31,640 $26.09
C 6 219,274 3,109 1.4% 0 0.0% 3,109 1.4% 0.0% -3,109 0 -
Total 35 1,789,156 185,874 10.4% 13,176 0.7% 199,050 11.1% 13.3% 39,209 -24,709 $30.74
SOUTH
A 6 497,420 30,702 6.2% 0 0.0% 30,702 6.2% 1.2% -24,938 -1,069 $47.62
B 31 1,424,854 109,458 7.7% 0 0.0% 109,458 7.7% 4.0% -51,985 11,997 $40.96
C 9 511,274 19,057 3.7% 0 0.0% 19,057 3.7% 3.8% 513 -6,541 $25.58
Total 46 2,433,548 159,217 6.5% 0 0.0% 159,217 6.5% 3.4% -76,410 4,387 $40.63
SOUTHEAST
A 4 623,789 160,395 25.7% 0 0.0% 160,395 25.7% 29.2% 21,500 15,156 $32.58
B 21 2,163,294 202,801 9.4% 0 0.0% 202,801 9.4% 17.3% 171,489 -115,630 $25.92
C 4 162,554 52,790 32.5% 0 0.0% 52,790 32.5% 22.0% -17,078 7,645 $29.96
Total 29 2,949,637 415,986 14.1% 0 0.0% 415,986 14.1% 20.1% 175,911 -92,829 $30.78
SOUTHWEST
A 57 6,638,965 484,963 7.3% 175,440 2.6% 660,403 9.9% 7.8% -143,773 151,707 $42.69
B 79 3,021,426 258,683 8.6% 14,282 0.5% 272,965 9.0% 9.2% 4,765 -8,850 $33.45
C 3 93,138 6,278 6.7% 0 0.0% 6,278 6.7% 6.7% 0 0 -
Total 139 9,753,529 749,924 7.7% 189,722 1.9% 939,646 9.6% 8.2% -139,008 142,857 $39.36
WEST CENTRAL
A 5 590,450 20,231 3.4% 4,891 0.8% 25,122 4.3% 11.6% 43,545 -11,002 $44.25
B 9 554,926 48,476 8.7% 0 0.0% 48,476 8.7% 7.0% -9,753 -1,483 $37.26
C 1 50,132 0 0.0% 0 0.0% 0 0.0% 9.1% 4,559 0 -
Total 15 1,195,508 68,707 5.7% 4,891 0.4% 73,598 6.2% 9.4% 38,351 -12,485 $39.25

7. 7 Austin Research & Forecast Report | Q1 2020 | Office | Colliers International
Office Development Pipeline
5,319,761 SF of office space was under construction during Q1 2020. Ten buildings delivered in Q1 with the largest being Domain 12.
This 320,102 SF building was 100% leased by Facebook well before delivery. Facebook signed the lease for the entirety of the building in
September of 2018. 27% of all space under construction is already pre-leased and over 1,000,000 SF is set to deliver in Q2 2020. It is
very likely that most of these dates get pushed back due to the delay caused by COVID-19.
BUILDING NAME ADDRESS SUBMARKET SF
PRE-
LEASED
DEVELOPER
EST.
DELIVERY
Highland 3 523 E Highland Blvd Central 250,000 100.0% Unknown Apr-20
618 Tillery St 618 Tillery St East 187,155 0.0% Unknown Apr-20
The Grove - Block 1 - Office 4301 Bull Creek Rd West Central 134,114 0.0% Castletop Capital Apr-20
The Grove - Block 2 2117 Perseverance Dr West Central 134,114 0.0% Castletop Capital Apr-20
1141 Shady Ln 1141 Shady Ln East 64,674 17.3% Bercy Chen Studio LP Oct-20
Music Lane Building 3 1009 S Congress Ave South 30,468 100.0% Endeavor Real Estate Group May-20
Penn Field - Building E 3601 S Congress Ave South 42,500 0.0% Unknown May-20
Creekside at the Hills 4609 Bee Caves Rd Southwest 31,460 58.5% Bogle Family Realty LLLP May-20
Lantana Pass Building III 7717 Southwest Pky Southwest 20,858 18.7% Unknown May-20
Bouldin Creek 2043 S Lamar Blvd South 161,310 11.7% Unknown Jun-20
610 Radam Ln 610 Radam Ln South 22,000 100.0% Unknown Jun-20
Foundry II 1600 E 4th St East 161,436 23.7% Cielo Property Group Jul-20
Seven Oaks East 8701 FM 2244 Southwest 153,405 0.0% Unknown Jul-20
1221 S Congress Ave 1221 S Congress Ave South 103,000 66.5% Endeavor Real Estate Group Aug-20
12601 Metric Blvd 12601 Metric Blvd North/Domain 20,000 0.0% Unknown Aug-20
1306 W Oltorf St 1306 W Oltorf St South 18,835 29.4% Unknown Aug-20
405 Colorado 405 Colorado St CBD 197,056 38.4% Brandywine Realty Trust Oct-20
826 Houston St 826 Houston St Central 22,909 0.0% Central Austin Management Group Oct-20
The Overlook at Lakeway 2909 Flintrock Trce Southwest 42,404 3.2% Unknown Nov-20
The Quincy 93 Red River St CBD 103,948 25.2% Endeavor Real Estate Group Dec-20
1320 Arrow Point Dr 1320 Arrow Point Dr Cedar Park 15,300 0.0% Unknown Dec-20
Building 2 3212 E Cesar Chavez St East 96,467 0.0% Cypress Real Estate Advisors, Inc. Dec-20
Building 1 3212 E Cesar Chavez St East 75,956 0.0% Cypress Real Estate Advisors, Inc. Dec-20
300 Colorado St 300 Colorado St CBD 357,000 87.6% Cousins Properties Incorporated Jan-21
Saint Elmo Plaza 4223 S Congress Ave South 105,000 4.8% Maker Bros Jan-21
1204 San Antonio at Capitol West 1204 San Antonio St CBD 41,698 0.0% Unknown Jan-21
1836 San Jac 1836 San Jacinto Blvd CBD 230,609 2.9% Unknown Feb-21
701 Rio Grande 701 Rio Grande St CBD 120,934 0.0% Unknown Feb-21
Mueller Business District- Alpha 1900 Aldrich St East 235,000 0.0% Catellus Development Corporation Feb-21
Bldg 3 1601 E Pflugerville Pky Far Northeast 38,500 0.0% Unknown Feb-21
Uplands Corporate Center Phase II 5301 Southwest Pky Southwest 124,405 0.0% Unknown Mar-21
Indeed Tower 200 W 6th St CBD 669,130 65.4% Trammell Crow Central Texas Ltd Apr-21
Domain Tower 2 10721 Domain Dr North/Domain 330,000 1.1% Stonelake Capital Partners Aug-21
10029 Manchaca Rd 10029 Manchaca Rd South 30,000 100.0% Unknown Aug-21
RiverSouth 401 S 1st St South 350,611 21.8% Stream Realty Partners, LP Aug-21
6th X Guadalupe 400 W 6th St CBD 597,505 0.0% Lincoln Property Company Dec-22

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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8 North American Research & Forecast Report | Q4 2014 | Office Market Outlook | Colliers International
Copyright © 2020 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
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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
Q1 2020 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
UFCU Plaza 8303 N MoPac Expy Central 246,869 1987 99.00 2,477 $39.44 University Federal Credit Union
7700 Parmer B 7700 W Parmer Ln Far Northwest 335,138 1999 98.40 64,019 $43.10 Accesso Partners
Four Barton Skyway 1301 S MoPac Expy Southwest 222,580 2001 96.90 6,900 $51.81 Brandywine Realty Trust
University of Texas System 210 W 7th St CBD 342,000 2017 96.79 10,966 $66.00 Board of Regents of The
University of Texas System
Austin Centre 701 Brazos St CBD 326,335 1986 96.75 37,264 $60.98 Sidra Real Estate, Inc.
7700 Parmer C 7700 W Parmer Ln Far Northwest 300,274 1999 96.64 10,101 $42.98 Accesso Partners
One Eleven Congress 111 Congress Ave CBD 518,385 1985 95.94 106,747 $69.19 Cousins Properties Incorporated
San Jacinto Center 98 San Jacinto Blvd CBD 410,248 1987 95.77 91,564 $68.61 Cousins Properties Incorporated
University Park 3300 N Interstate 35 Central 206,657 2009 94.68 128,321 $53.67 Hermes Real Estate Investment
Management Ltd
One American Center 600 Congress Ave CBD 543,521 1984 93.90 248,241 $74.33 CalSTRS
100 Congress 100 Congress Ave CBD 412,960 1987 93.62 48,533 $74.32 Invesco Ltd.
301 Congress 301 Congress Ave CBD 446,839 1985 93.17 136,663 $68.65 PGIM, Inc.
Note: Avail. SF includes direct and sublet space as well as any future available space listed.
Source: CoStar Property

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