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Downtown Austin Retail/Creative Office Space
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305 East 3rd Street, Austin, TX 78701

Prime location near Austin Convention Center and downtown attractions.

Space SizeContact for details
Property Size10,994 SF
Days on Market257

Property Features for 305 East 3rd Street

General Information

Standard status Active
Size 10,994 SF
Property subtype Office
Listing Agency:
Listed By: Kyle Lewis
Source: Cbre
Added: Nov 22, 2025 Changed: Jul 6 Last Checked: Aug 5 at 6:42AM

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 Kyle Lewis

Investment Insights

Based on property information with market context.

Located in the heart of downtown Austin, 3rd & Trinity is a 19,964 square foot property suitable for retail or creative office use. It is situated directly across from the Austin Convention Center, which attracts hundreds of thousands of visitors annually, including over 150,000 for the South by Southwest Festival. The property boasts a walking score of 97 and is within walking distance of the Fairmont and JW Marriott hotels, as well as the upcoming 615-room Austin Marriott Downtown. A large rooftop patio offers potential for enclosure by future tenants. The location provides access to nearly 30% of Austin’s workforce, with a daytime population exceeding 100,000 within a 3-mile radius. Nearby dining options include Iron Works BBQ, Vince Young Steakhouse, Gus’s Fried Chicken, Eddie V’s Steakhouse, MAX’s Wine Dive, and Moonshine, and it is also near Waterloo Park. The area features an affluent population with average incomes exceeding $109,000, and a large, rapidly growing population with over 16,500 residents. Over 900 condos and 600 apartments are currently under construction in the vicinity.

Key Highlights

  • Prime downtown Austin location directly across from the Austin Convention Center.
  • Large rooftop patio with potential for enclosure.
  • High Walk Score of 97.

Property Analytics

Current Use

Creative space

Suggested Use

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

10,177
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

$28.02 /SF/Yr
Avg Asking Price
$0.81–$61.02 /SF/Yr
Price Range
9,469 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?
Creative space - Prime location near Austin Convention Center and downtown attractions.
Where is this creative space located?
The property is located at 305 East 3rd Street Austin, TX.
What are key features of this property?
This property features: Prime downtown Austin location directly across from the Austin Convention Center.; Large rooftop patio with potential for enclosure.; High Walk Score of 97.
More about this property
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