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New Construction Office Space Available
For Lease
$29.75 SF/Yr

401 South 1st Street, Austin, TX 78704

New construction office space with high-quality amenities in Austin.

Space SizeContact for details
Days on Market159

Property Features for 401 South 1st Street

General Information

Standard status Active
Property subtype Office
Listing Agency: CBRE | Austin
Listed By: Nate Stricklen
Source: Cbre
Added: Mar 25 Changed: Aug 27 Last Checked: Aug 29 at 6:03AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Austin

Investment Insights

Based on property information with market context.

This new construction building, located steps away from downtown Austin, offers office space for rent. The property features amenities including a green roof, bike valet and storage, and 24/7 security. Residents have access to a 15th-floor sky lounge and an amenity floor that includes a gym with lockers and showers. The property is LEED Gold certified and has a brand new build-out in suite. The property size is 7238 square feet.

Key Highlights

  • New construction steps away from downtown Austin
  • High‑quality amenities including a green roof, bike valet & storage, and 24/7 security
  • Access to a 15th‑floor sky lounge

Property Analytics

Current Use

THE AGENCY AUSTIN Real Estate Agency Stream Realty Partners, ... Real Estate Agency Peak Parking Parking Lot & Garage Spire Consulting Group, ... Building Consultant Hudson River Trading Bank

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Electrical Service Tanning Salon Clothing & Fashion Store Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.46 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,718
Businesses Nearby

Demographics for 78704, TX

49,197
Population
29,959
Households
1.6
Avg Household Size
34
Median Age
70%
College-Educated
94%
High-School Grad
8.8 sq mi
ZIP Area
5,591
Density / Sq Mi
$97,160
Median Household Income
$67,527
Median Earnings
$1,755
Median Rent
$862,000
Median Home Value

Market

Lease Benchmarks for Austin, TX

$29.87 /SF/Yr
Avg Asking Price
$21–$39 /SF/Yr
Price Range
31,535 SF
Avg Space Size

Vacancy Rate% for Office in Austin, TX

9.1% 2019
17.1% 2020
18.7% 2021
21.8% 2022
27.1% 2023
29.8% 2024
29% 2025
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Frequently Asked Questions

What type of property is this?
Office building - New construction office space with high-quality amenities in Austin.
Where is this office building located?
The property is located at 401 South 1st Street Austin, TX.
What is the lease rate?
The lease rate is $29.75 SF/Yr.
What are key features of this property?
This property features: New construction steps away from downtown Austin; High‑quality amenities including a green roof, bike valet & storage, and 24/7 security; Access to a 15th‑floor sky lounge
More about this property
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