Added: Nov 19, 2024Changed: Sep 4Last Checked: Sep 16 at 2:17PM
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Investment Insights
Based on property information with market context.
Workbench is a 48,000-square-foot, four-story Class A mixed-use building located in the heart of East Austin. Positioned 1.5 miles from Downtown Austin, the property is within an established live-work-play ecosystem. East Austin has emerged as Austin’s dominant growth engine, accounting for more than half of all building permits issued since 2020. The surrounding area offers walkability and bike access, with proximity to restaurants, coffee shops, bars, boutique retail, and thousands of nearby residential units. The site benefits from a daily traffic count exceeding 25,700 vehicles, a daytime population of approximately 183,000 within a short radius, and 4400 apartments within walking distance. The building was intentionally designed around the idea that proximity creates opportunity. Shared conference rooms, open collaboration areas, outdoor patios, and communal gathering spaces support connection. Regular seminars, workshops, podcasts, and community events create consistent touchpoints where tenants engage in real time, build trust, and expand their networks naturally. Workbench is approximately 75% pre-leased to owner-occupants in real estate, architecture, construction, and development. All equity partners maintain offices within the building. The ownership structure itself is a differentiator; three of the six equity partners are women, resulting in a tenant mix where approximately 66% of firms are women-led. Current tenants include Swinerton, Beck-Reit, Dick Clark + Associates, Legacy Lighting, and Art + Artisans. Workbench’s mass timber structure utilizes approximately 22,703 cubic feet of wood products sourced through Timberlab. The structure stores approximately 500 metric tons of carbon and avoids an estimated 1,070 metric tons of greenhouse gas emissions, for a total potential carbon benefit of 1,580 metric tons of CO₂. Tenants benefit from a parking ratio with 95 structured parking spaces, private and shared outdoor patios, and common areas. The ground floor includes dedicated restaurant and retail space. Upper floors are configured for office use, with the fourth floor offering views toward Downtown Austin.
Key Highlights
Prime Location: Situated in the heart of East Austin, just 1.5 miles from Downtown Austin, offering exceptional walkability and bike access.
Built‑in Community & Collaboration: Designed as a curated ecosystem fostering collaboration among tenants with shared spaces and programming.
Sustainable Mass Timber Construction: Utilizes mass timber, creating a modern and environmentally friendly building.
Property Analytics
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Current Use
Office buildings
Suggested Use
Top PickDaycare CenterDental Office(Bike/Boat/Book/etc) StoreHVAC ServiceLocksmithCarpet & Flooring Store
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
2,006
Businesses Nearby
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Business Placement
Demographics for 78702, TX
25,910
Population
14,573
Households
1.8
Avg Household Size
34
Median Age
59%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
5,182
Density / Sq Mi
$101,304
Median Household Income
$65,876
Median Earnings
$1,966
Median Rent
$644,200
Median Home Value
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Market
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
Questions? Ask Rey
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Mixed-use property - Four-story Class A mixed-use building in East Austin.
Where is this mixed-use property located?
The property is located at 2422 E 7th St Austin, TX.
What is the lease rate?
The lease rate is $24,000.
What are key features of this property?
This property features: Prime Location: Situated in the heart of East Austin, just 1.5 miles from Downtown Austin, offering exceptional walkability and bike access.; Built‑in Community & Collaboration: Designed as a curated ecosystem fostering collaboration among tenants with shared spaces and programming.; Sustainable Mass Timber Construction: Utilizes mass timber, creating a modern and environmentally friendly building.
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New: 350 Mission StJust listed · $36/SF · 2 min ago