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Class AA Office Tower with Indoor Amenities
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98 Red River St, Austin, TX 78701

High-rise Class AA office space with extensive indoor and outdoor amenity areas and large parking capacity.

Property Size27,754 SF
Days on Market890

Property Features for 98 Red River St

General Information

Standard status Active
Size 27,754 SF
Class A
Total Parking Spaces 1197
Property subtype OFFICE

Additional Details

Space Use Office

Amenities

Lobby
Gym
Library
Lounge
Meeting Spaces
Conference Room
Storage & Prep Kitchen
Bar
Team Building Spaces
Focus Rooms
Collaboration Rooms
Training Rooms
Outdoor Amenity Deck
Terrace
Walks
Gathering Spaces

Building Details

Building Size 703,000 SF
Parking Ratio 2 per 1,000 SF
Listing Agency: Lincoln Property Company | Austin
Listed By: Andrew E. Smith
Source: Moodyscre
Added: Feb 22, 2024 Changed: Jul 29 Last Checked: Jul 31 at 1:31PM

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 Lincoln Property Company | Austin

Investment Insights

Based on property information with market context.

Waterline is a Class AA office tower offering office space across 26 floors (L14–L39). The building features average floorplates of 27,904 RSF, with total office area of 703,000 RSF. Tenant experience is supported by indoor amenities totaling 28,000 SF, including a lobby, gym, library, lounge, meeting and conference spaces, and additional support areas such as storage, prep kitchen, and focus and collaboration rooms.

On-site parking is available with 1,197 parking spaces, supporting day-to-day access for employees and visitors. Outdoor amenity space includes a 24,000 SF amenity deck with terrace, walks, and gathering areas.

Located at 98 Red River St in Austin, Waterline positions office occupants within the central business district area and in close proximity to Lady Bird Lake and Waller Creek.

Key Highlights

  • 26 floors of Class AA office space (L14–L39)
  • 703,000 RSF total office area
  • 27,904 RSF average floorplates

Property Analytics

Current Use

Waterline Austin Condominium Complex

Suggested Use

Top Pick Butcher Pet Grooming Service (Bike/Boat/Book/etc) Store Mobile Phone Store Fish Market Farmer's Market

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

Location Intelligence

Trade Area within ½ mile

6,855
Businesses Nearby

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

Market

Lease Benchmarks for Austin, TX

$30.45 /SF/Yr
Avg Asking Price
$21–$47 /SF/Yr
Price Range
38,644 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 - High-rise Class AA office space with extensive indoor and outdoor amenity areas and large parking capacity.
Where is this office building located?
The property is located at 98 Red River St Austin, TX.
What are key features of this property?
This property features: 26 floors of Class AA office space (L14–L39); 703,000 RSF total office area; 27,904 RSF average floorplates
(512) 322-3225 Call to check price and availability
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