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Office Building in Mixed-Use Development
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500 W 2nd St, Austin, TX 78701

Office building within a master-planned mixed-use downtown Austin development.

Space SizeContact for details
Property Size32,603 SF
Days on Market829

Property Features for 500 W 2nd St

General Information

Standard status Active
Size 32,603 SF
Property subtype OFFICE
Listing Agency: CBRE | Austin
Listed By: Troy Holme
Source: Moodyscre
Added: Apr 30, 2024 Changed: Jul 30 Last Checked: Aug 6 at 11:11AM

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 office building is located at 500 W 2nd St and totals 32,603 SF. The property is part of a master-planned mixed-use development designed to support a downtown environment where residents, employees, businesses, and community interests interact.

Situated in the urban core of Austin, the setting offers a live-work-business context that can appeal to office tenants seeking proximity to an active downtown area. The master-planned framework can also support a cohesive tenant experience within the overall development.

With its substantial size, the building offers a consolidated office option within a broader mixed-use downtown plan.

Key Highlights

  • 32,603 SF office building
  • Part of a master‑planned mixed‑use development
  • Downtown Austin location at 500 W 2nd St

Property Analytics

Current Use

North Italia Restaurant Critical Tools Inc. (Bike/Boat/Book/etc) Store Matthew Reece, Realtor ... Real Estate Agency FrancoLaw, PLLC Law Firm Divorce Lawyers at Divorce ... Law Firm

Suggested Use

Top Pick Tanning Salon Mobile Phone Store Fish Market (Bike/Boat/Book/etc) Store Clothing & Fashion Store 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

10,306
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

$31.4 /SF/Yr
Avg Asking Price
$21–$47 /SF/Yr
Price Range
33,901 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 - Office building within a master-planned mixed-use downtown Austin development.
Where is this office building located?
The property is located at 500 W 2nd St Austin, TX.
What are key features of this property?
This property features: 32,603 SF office building; Part of a master‑planned mixed‑use development; Downtown Austin location at 500 W 2nd St
(512) 689-1414 Call to check price and availability
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