Downtown Historic Office
For Lease
Contact for pricing
114 W 7th St, Austin, TX 78701
Leasing office space is available at Norwood Tower, a historic downtown building near the State Capitol.
Space Size15,730 SF
Days on Market1994
Property Features for 114 W 7th St
General Information
Standard status
Active
Size
15,730 SF
Property subtype
OFFICE
Lease Type
NNN
Site & Location
Neighborhood
Downtown
Spaces For Lease
at 114 W 7th St
Norwood Tower
$34/SF/Yr
Floor
5
Size
15,730 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- The prestigious Norwood Tower, where historic beauty unites with modern flair to create a truly unique business environment.
- Part of Austin’s vital downtown business life and within walking distance of the State Capitol, Norwood Tower is an address of prestige and elegance.
- Due to its location and historic stature, Norwood Tower has been filled to capacity, unable to accept new tenants.
- This Austin landmark now has available space to lease, providing an unparalleled opportunity for successful companies.
Contact us
Listing Agency:
Equitable Commercial Realty (ECR)
(512) 505-0000
Listed By:
Jason Steinberg · License #TX 535355
(512) 505-0004
Source:
Moodyscre
Added: May 17, 2021
Changed: Oct 25
Last Checked: Oct 30 at 5:32PM
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 Equitable Commercial Realty (ECR)
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Investment Insights
Based on property information with market context.
Norwood Tower at 114 W 7th St offers available space for lease within a historic downtown office building that is described as combining historic character with modern flair.
The building is positioned as part of Austin’s vital downtown business environment and is stated to be within walking distance of the State Capitol. While the property was previously at capacity, Norwood Tower now has space available for new tenants seeking an address in a longstanding local landmark.
The building is positioned as part of Austin’s vital downtown business environment and is stated to be within walking distance of the State Capitol. While the property was previously at capacity, Norwood Tower now has space available for new tenants seeking an address in a longstanding local landmark.
Key Highlights
- Leasing office space available at Norwood Tower, a historic downtown Austin building
- Located within walking distance of the State Capitol
- Building is part of downtown Austin business life and has available space to lease
Property Analytics
Who owns this building?
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$5.10 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
12,293
Businesses Nearby
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Business Placement
Demographics for 78701, TX
11,625
Population
8,021
Households
1.4
Avg Household Size
38
Median Age
81%
College-Educated
96%
High-School Grad
1.5 sq mi
ZIP Area
7,750
Density / Sq Mi
$154,867
Median Household Income
$106,932
Median Earnings
$2,732
Median Rent
$653,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Austin, TX
$31.3 /SF/Yr
Avg Asking Price
$1.38–$54 /SF/Yr
Price Range
28,499 SF
Avg Space Size
This space is priced 9% above the average of $31.3 /SF/Yr.
Vacancy Rate% for Office in Austin, TX
Frequently Asked Questions
What type of property is this?
Office building - Leasing office space is available at Norwood Tower, a historic downtown building near the State Capitol.
Where is this office building located?
The property is located at 114 W 7th St Austin, TX.
What is the lease rate?
The lease rate is $34 SF/Yr.
What are key features of this property?
This property features: Leasing office space available at Norwood Tower, a historic downtown Austin building; Located within walking distance of the State Capitol; Building is part of downtown Austin business life and has available space to lease
