Spaces For Lease

at 701 Colorado St

Brown Building $35/SF/Yr

Floor 2

Size 5,213 SF

Type OFFICE

Lease Type NNN

Availability AVAILABLE, Now

Sublease No

- Renovated historic building - Modern interior space offers adaptability for a wide variety of tenants - Prime location in downtown Austin - Amenity rich area with a plethora of restaurants, retail and entertainment options - Garage parking in the Brown Building Garage and adjacent garages to meet all parking needs - On-site amenities such as building gym, wine storage and rooftop deck

Contact us

Listing Agency: Colliers - Austin Show Phone

Listed By: Doug Rauls · License #462355 Show Phone

Source: Moodyscre

Added: May 29, 2025 Changed: Oct 25 Last Checked: Nov 4 at 2:24PM

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Investment Insights

Based on property information with market context.

This renovated historic building offers modern interior space designed for adaptability for a wide variety of tenants. Building amenities include a gym, wine storage, and a rooftop deck, supporting day-to-day operations on site.

Located in downtown Austin at 701 Colorado St, the property places tenants in an amenity-rich area with numerous restaurants, retail, and entertainment options nearby. Parking is addressed with garage parking in the Brown Building Garage and adjacent garages.

Overall, the offering combines a renovated historic exterior with updated interior flexibility and on-site amenities for a productive work environment in a central downtown setting.

Key Highlights

• Renovated historic building with modern interior space designed to adapt for a wide variety of tenants
• Downtown Austin location
• Garage parking available in the Brown Building Garage plus adjacent garages

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Tanning Salon Buffet Adult Day Care 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

$5.25 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

12,293

Businesses Nearby

Explore this area Business Placement

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

$24.1 /SF/Yr

Avg Asking Price

$1.04–$104 /SF/Yr

Price Range

18,236 SF

Avg Space Size

This space is priced 45% above the average of $24.1 /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

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Frequently Asked Questions

What type of property is this?

Office unit - Renovated historic office building with modern interiors and on-site amenities, including a gym and rooftop deck.

Where is this office unit located?

The property is located at 701 Colorado St Austin, TX.

What is the lease rate?

The lease rate is $35 SF/Yr.

What are key features of this property?

This property features: Renovated historic building with modern interior space designed to adapt for a wide variety of tenants; Downtown Austin location; Garage parking available in the Brown Building Garage plus adjacent garages