Austin

Combined NLA 316,277 SF
Combined Carrying Value US$91.0M
Portfolio Weight 6.3%

Properties

Great Hills Plaza

9600 Great Hills Trail Austin, Texas
Carrying Value US$42.7M
Committed Occupancy 100%
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Westech 360

8911 N. Capital of Texas Highway Austin, Texas
Carrying Value US$48.3M
Committed Occupancy 77.30%
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At A Glance

Texas’ state capital, Austin, consistently lands among the top performing US markets for businesses with an entrepreneurial culture. A beneficiary of California out-migration, Austin is the only place in Texas that offers hills, water and outdoor activities to residents and visitors of all ages. Packed with foodies, art aficionados and musicians alike, the city has no shortage of diverse talent, remaining a hub for global tech, film, and music creatives as host to the annual South by Southwest conference and festival. With the University of Texas as its anchor, Downtown Austin continues to see new office, retail and multifamily development.

With the growth of Amazon, Google and Apple’s upcoming second headquarters, suburban Northwest Austin is also seeing tremendous growth. Offering the opportunity to create differentiating on-site amenities with room to spread out, Northwest Austin provides a destination for decision makers who are not interested in the traffic and hassle of the central business district. Close to top universities, Austin-Bergstrom International Airport and signature Austin amenity hubs like The Domain, Northwest Austin offers a work-life balance that attract decision makers and millennials alike.

State Income Tax ZERO Positioning the city as a front-runner for start-ups and entrepreneurship, Austin offers one of the lowest state and local tax burderns in Texas
Largest Population Growth US City 5th 177,079 increase in population between April 1, 2010 and July 1, 2019
Universities and Education 45% of Austin metro residents earn a bachelors degree at a minimum

Growth Metrics

GDP Growth Average
2015-2019(1): U.S. average 2.5%
5.6%
Employment Growth Average
2015-2019(2): U.S. average 1.6%
3.4%
Population Growth Average
2015-2019(3): U.S. average 0.6%
2.8%
  • (1) U.S. Bureau of Economic Analysis
  • (2) U.S. Bureau of Labor Statistics
  • (3) U.S. Census Bureau, Population Division

Quality of Life

South by Southwest Conference & Festival
Austin food and wine festival
Lake Austin
South Congress
The Domain
The Arboretum
Diverse Dining Scene
Austin City Limits