An structure and design agency signed a 15-year lease at this CBD workplace constructing.
Design, structure and engineering agency Web page has signed a 51,000-square-foot, 15-year lease at Kilroy Realty’s Certainly Tower in Austin. Web page was the architect of the LEED Platinum-certified, 36-story workplace constructing positioned at 200 W. Sixth St. within the metropolis’s Central Enterprise District.
Kilroy Realty picked up the workplace tower again in 2021 for $580 million. The 734,000-square-foot constructing options floorplates averaging 34,000 sq. toes and 35,000 sq. toes of retail. Facilities embody a convention middle and health membership, in addition to a 17,000-square-foot outside inexperienced space.
CommercialEdge information reveals that recruitment promoting community Certainly at present occupies 306,632 sq. toes on the Class A+ property. Vinson & Elkins and Brown Advisory Group are additionally among the many constructing’s tenants.
Earlier this 12 months, Kilroy Realty expanded its presence within the Austin market with the $40 million off-market buy of a 2.9-acre website within the Area submarket, the place the corporate will develop a 19-story workplace tower.
A number one marketplace for workplace building
Based on a current CommercialEdge report, Austin’s workplace emptiness price was at 17.6 % as of September, 250 foundation factors increased over the 12 months. The worth can also be 100 foundation factors above the nationwide common of 16.6 %.
Nevertheless, Austin continues to be main the nation by way of workplace building relative to current inventory. The metro’s pipeline, totaling greater than 7.4 million sq. toes, amounted to eight.5 % of inventory as of September.
