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Class A Office Building with Renovated Lobby
For Lease
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515 Congress Ave, Austin, TX 78701

26-floor office building with recently upgraded exterior, fully renovated lobby, and modernized elevators.

Property Size2,209 SF
Days on Market193

Property Features for 515 Congress Ave

General Information

Standard status Active
Size 2,209 SF
Class A
Property subtype OFFICE
Lease Type SF/yr

Building Details

Stories 26
Listing Agency: Colliers - Austin
Listed By: David Bremer
Source: Moodyscre
Added: Jan 19 Changed: Jul 28 Last Checked: Jul 31 at 11:58AM

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 Colliers - Austin

Investment Insights

Based on property information with market context.

515 Congress is a 26-floor office building positioned on the prominent southeast corner of Congress Avenue and 6th Street. The property offers premier office space and includes recently upgraded exterior finishes, a fully renovated lobby, and modernized elevators.

Owned by KBS, the building is designed to provide a sophisticated, welcoming environment for tenants. It is located in downtown Austin, with nearby access to Lady Bird Lake, the Texas State Capitol, and dining and entertainment options.

For businesses seeking office space within a Class A commercial office building, 515 Congress combines updated building improvements with a downtown address on a major corner.

Key Highlights

  • 26‑floor office building at the southeast corner of Congress Avenue and 6th Street in Austin
  • 267,956 RSF office space
  • Recently upgraded exterior finishes

Property Analytics

Current Use

Jimmy John's Take-out & Catering Andiamo Employment Agency Cresa Partners LLC Real Estate Agency Magnitude Software (Bike/Boat/Book/etc) Store Cloudera (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Butcher Clothing & Fashion Store Daycare Center Pet Grooming Service

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
$4.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

11,339
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

This space is priced 1% below the average of $30.45 /SF/Yr.

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
Rey
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Frequently Asked Questions

What type of property is this?
Office building - 26-floor office building with recently upgraded exterior, fully renovated lobby, and modernized elevators.
Where is this office building located?
The property is located at 515 Congress Ave Austin, TX.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: 26‑floor office building at the southeast corner of Congress Avenue and 6th Street in Austin; 267,956 RSF office space; Recently upgraded exterior finishes
(512) 653-5041 Call to check price and availability
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