Commercial Property for Lease in North Austin
North Austin is a rapidly growing area and has been dubbed Austin’s second ‘CBD’ . It’s becoming a popular place for high tech firms to establish offices in. Companies such as Dell, Apple, Samsung and IBM employ nearly 30,000 workers in the area.
There are several large shopping malls which are popular with nearby office workers. Austin’s warm weather and beautiful natural environment, make it an attractive place for people to live and do business. Not surprisingly, it is one of the fastest growing cities in the US.
The increase in population has made north Austin a popular place for medical practitioners to establish offices as well.
Commercial and residential real estate are experiencing strong returns with low vacancy rates.
Job growth is very high. Many people work in tech, healthcare and research related jobs. It’s a safe area to live and one of the top college friendly cities to live in, with several colleges and the University of Texas at Austin a short driving distance away.
Types of Commercial Lease Space:
Retail Spaces in North Austin
The Domain is set in a park like setting and features over 100 retail stores and restaurants. They also have a number of high end boutiques, such as Louis Vuitton and Ralph Lauren.
It is a mixed use retail development and includes more than 800 residential units, office space and four hotels. It is managed by the Simon Property Group.
Shops at Arbor Walk
The Shops at Arbor Walk is an outdoor shopping mall with over 30 shops and places to eat. It has 458,469 square feet of space and is managed by the Washington Prime Group. It is conveniently located near the JJ Pickle Research Campus and the University of Texas at Austin.
Gateway Shopping Centers
Gateway Shopping Centers is located in Austin’s ‘Golden Triangle’ of retail, on the corner of Northbound Highway 183 and Capital of Texas Highway.
The center has over 500,000 square feet of space, with over 30 specialty stores, eateries and an IMAX cinema. It is managed by the Washington Prime Group.
Office Spaces in North Austin
Braker Pointe I & II
Braker Pointe I & II is conveniently located adjacent to the Domain shopping mall, giving tenants ample of entertainment and eating options close by. There is a hotel within walking distance and the property features a landscaped courtyard with an outdoor seating area. The property is being managed by AQUILA and over 27,000 square feet is available for lease.
UFCU Plaza is an iconic four storey, granite clad building with Class A office facilities. It has a fantastic location, close to several shopping malls, such as Arbor Walk and Gateway Shopping Center. UFCU has great facilities, including an onsite deli, conference room and fitness center.
The Offices at the Domain
The Domain is well known for its shopping mall, but it also has two, class A offices with 1,864 to 16,902 square feet available. Tenants have easy access to a large array of restaurants and shops. The offices are owned and managed by the Simon Property Group.
Warehouse Spaces in Austin
10615 Metric is a 13,497 square foot warehouse, built on 0.688 acres of land. It is just under two miles away from the Domain and parking is available on site.
Medical Spaces in North Austin
101 Koenig Lane
This property is a single story building suitable for a medical practice, with ample parking. It has good visibility and is just four miles from the University of Texas at Austin. It provides easy access to Downtown.
8015 Shoal Creek
8015 Shoal Creek is a two story building suitable for retail and medical offices. Located in the fast growing Anderson Lane area, it also good access to the Arboretum and Downtown Austin.
Local economic data for North Austin
The economic outlook for North Austin is strong. The area has many amenities which appeal to millenials. Nearly half of the workers are employed in professional, white collar occupations, such as managers. Just over 22 per cent are employed in manufacturing and blue color jobs.
Service jobs, such as those working in fast food industry, make up around 15 percent of the workforce. Another 15 percent work in clerical and tech support positions. North Austin is fairly ethnically diverse with around 17 percent of neighborhood born overseas.
North Austin is a rapidly growing area, a great location to establish a company and attract the best talent. For investors it offers great returns and high growth opportunities.
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