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Site Selection in Austin’s Current Market

October 21, 2021/in News /by officespace

When people/companies are coming to Austin for the first time, they’re often wanting guidance on where or what areas to place their first office. We find the common idea surrounding such is that being near downtown or being central to all the hustle and bustle that makes Austin unique would be ideal but we think for most companies this is actually a mistake.

Why?

First, when looking at a map, downtown Austin is actually somewhat south of the central Austin market. Not only that but downtown Austin is about 30-40% more expensive to lease in when you factor things like ease in accessibility for your workforce and clientele. Truth be told, it can be quite challenging to get employees committed to driving and parking in the downtown area. In contrast, it can be a more appropriate choice for companies who looking to attract a young workforce like financial services, high tech industries and legal firms because of the more desired “walk to lunch”, “post work happy hour vibes” that are readily available. It’s no surprise Austin’s Downtown atmosphere is energetic, urban and fun, but as a company, you have to have a specific reason to choose that location over a more easily accessible suburb of Austin.

Our preferred area and or best suggestion would instead be Northwest Austin, right around the Arboretum and the Domain (a high density, high traffic, office, shopping and residential center). More specifically, around the cross streets on Highway 183 and Loop 1. This is very near the demographic center of the Austin MSA.

Additionally, Downtown Austin, much like many other metropolitan cities in the US is getting very pricey to live in. So most employees choose to reside in surrounding suburbs like Cedar Park, Leander, Georgetown, Round Rock, Pflugerville, and Hutto because they have great schools, and are much more affordable to live in. So as a business, if you won’t pull and recruit from the entire marketplace then the Arboretum and Domain areas are your safest bet because you can still have people from South Austin that are willing to drive a bit North. Another consideration, if a company already has an office in Austin, it’s important to identify where the bulk of that employee base lives. We like to use a “heat map” to figure out where the epicenter of that area is. In general, it’s a good rule of thumb to know people living and working in Austin are really desiring the most efficient way to get to work. If you’re coming from California it might not be that big of a deal to travel 45 minutes to work but in Austin, people will quit if their commute time is that long in exchange for a 15 minute or 20-minute commute. All in all, it’s vital to consider where your people live in order to keep them happy and retain your workforce.

Lastly, the consideration of your client base, especially for medical and retail customers, is crucial. Will they be able to easily find you? Will they be able to get there in a considerable amount of time? and Will they have convenient parking?

Have any further questions? Please give us a call. We’re here for you.

 

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    • Commercial RE Basics
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Austin Office Space, Inc.
Austin Office Space, Inc.
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Charles W.
Charles W.
Chad at Austin Office Space has been our go to Broker in the Austin area for over 15 years since 2008. He has help our business find office spaces in 2008/2012/2016/2021. His knowledge and direct no-nonsense attitude is why we always have valued him as a valuable resource in the Austin area for commercial real estate. The time and effort he has showed us in helping with anything related to our leases is why we will always choose Austin Office Space as our premier choice. The quarterly updates on the health of the Austin market they provide have been very insightful as well.
Jens J.
Jens J.
The whole team at Austin Office Space were extremely responsive, attentive and great to work with. They provided excellent service. I can't recommend them enough
Bob D.
Bob D.
Don't let the name "Austin Office Space" make you think that this company cannot help you with other commercial real estate needs. I have been working with Matt Watson trying to find a location in the Austin market for our store. Matt has been great in pre screening and sending us pictures, layouts etc. which saves us time and money. I recommend giving Austin Office Space a call regardless of your commercial real estate needs. From retail to warehouses they will be available to help. Thanks from all of us at ConDecor Superstore.
Michael S.
Michael S.
Chad was fantastic. We had a very short timeline to find office space and move in so we could start a new firm on January 1. Even though we had a short timeline and specific needs, Chad made it happen. He was smart, responsive, resourceful and understood what we needed. He also helped us find vendors for furniture, internet, phones and other items. We got the space, moved in, and were up and running and open for business on January 1.
Katie C.
Katie C.
Chad is absolutely amazing!! He helped our company find an office space to lease when moving the business and our employees from Tampa FL, to Austin. Everything else about the move was stressful, but working with Chad made acquiring a space and moving into it super easy. Eventually, when we decided to sublease part of it out, Chad helped us find someone immediately. Now that our lease is officially coming to an end, we've decided to work with him again to find our new space. He is so patient, down to earth, and professional, and he has been working really hard to find a new spot that meets our needs and price range. He is a great negotiator, and he also brings a wealth of knowledge and makes himself very available to answer our questions. I'm so glad we found him!
Mark S.
Mark S.
Been working with AOS and Chad for nearly 3 years now - in that time, he's truly gone above and beyond to help out and find office spaces that match the changing needs of my company.Not only is Chad someone who takes great pride in his craft as a broker (he's worked some great deals for us), but he has genuinely done his best to take care of us and help us navigate the waters of commercial real estate with true integrity. He's helped us review documents, tour as many spaces as we wanted to look at, and been extremely helpful all along the way.Truly one of the best people I've ever done business with, and cannot possibly say enough good things about the services that he and AOS have provided to us over the years.If you're looking for a new space to build your business, AOS is the best guide possible.
Heather F.
Heather F.
Gentry and Chad were awesome to work with. We needed to move very quickly with very little notice. Gentry sent a long list of locations for me to review and Chad talked me through them and then met me to view the spaces I selected. We found a great spot and the whole thing took less than two weeks, start to finish. I highly recommend this team of friendly professionals.
Sebastien B.
Sebastien B.
Chad helped us find our commercial lease. He and his team were professional and responsive at every steps. They took the time to understand our project to provide us with the best choice and advices. I recommend Chad and Austin Office Space without reservation!
Eric W.
Eric W.
We had a good experience using Austin Office Space and Chad Jewell to handle our subleasing process. The level of communication during the process was good and we felt informed of developments throughout. Chad was easy to work with and understood the local market. I would recommend him.
Andrew S.
Andrew S.
Working on a TV show in Austin and needed adequate space for our production. Austin Office Space was extremely helpful and worked fast for our quick turn around. Highly recommend reaching out to AOS for any office needs. Will use them again!
Mike S.
Mike S.
Chad at AOS was extremely helpful in quickly compiling a list of office spaces for us to consider. He even made up a document complete with pictures and locations that made it very easy to weigh our options. In addition, he even put me in touch with another company to find out what they had to offer. It was a very helpful experience.
Cindy Lo - RED VELVET (.
Cindy Lo - RED VELVET (.
It's not easy shopping for commercial real estate in a hot market like Austin but Chad with Austin Office Space (AOS) was there for us as we patiently combed through multiple options (all shapes & sizes) as we were open to building new or renovating an existing space. But what won us over was that he used his contacts to help find us a space before it went out to the public and that's the key to beating out the competition in a hot market. Chad responded to all my emails day & night, and I appreciate his willingness to answer even the mundane questions since this was my first time to buy commercial.
Colin L.
Colin L.
Great company, great representation, great leadership. You'll be pleased with the results.
Ryan K.
Ryan K.
My thumb was completely green as this was my first real office. Chad helped me through the process and found me the perfect space. Highly recommended.
Charlotte P.
Charlotte P.
Chad is an amazing person to work with. He is an extremely pleasant and professional person and has access to a great network to help you find the right office space. He definitely is the person who will go the extra mile to help you find the right location. We highly recommend working with him!
James B.
James B.
Chad Jewel is awesome. From the day I met him through negotiations for our new space, he has been wonderful. If you are looking for office space, you just can do better than Chad! Two Thumbs WAY up!!
John R.
John R.
Great service, client focused and delivered exactly the kind of space we needed. Best in the business! If you need space in Austin, this is the team that will help you find it.
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