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    111 Congress Ave Austin, TX 78701

    For Lease
    $21 SF/Yr

    Prestigious Austin office space, flexible layouts.

    Lot size:
    78,704 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    Located in the heart of downtown Austin at 111 Congress Avenue, this Class A office building offers 78,704 square feet of premium workspace. The building, a striking red granite skyscraper, boasts a two-story marble lobby and recently underwent renovations in 2019. Available spaces range from a minimum of 100 square feet to a maximum contiguous space of 5,000 square feet, catering to diverse business needs. The building features 350 suites in total, with 6,620 square feet currently vacant. Tenants can choose from various office configurations including traditional, executive, coworking, and creative office spaces, all designed with modern aesthetics and functionality. Enjoy floor-to-ceiling windows offering stunning city and Colorado River views. Amenities include elevators, proximity to a gym and the Fareground food hall, and access to a one-acre sunken plaza with a waterfall and event space. The building's central location provides easy access to the State Capitol, Austin Convention Center, numerous restaurants, and attractions. Public transportation is readily available, with a bus stop nearby and the Downtown Light Rail Station within an eight-minute walk. This prime location offers excellent networking opportunities, with neighboring tenants including Wells Fargo Bank and Merrill Lynch.

    Property Features for 111 Congress Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    78,704 SF
    Class
    A
    Total Rate
    140880.16

    Building Details

    Year Renovated
    2019

    Unit(s) available at that property

    Space
    Open plan office space for + 10 people
    Size
    1,184 SF
    Rate per SF
    $93
    Space
    Co-working Not Reserved
    Size
    108 SF
    Rate per SF
    $30
    Space
    Coworking dedicated
    Size
    108 SF
    Rate per SF
    $39
    Space
    Private office for 1ws
    Size
    538 SF
    Rate per SF
    $22
    Space
    Private office for 2ws
    Size
    538 SF
    Rate per SF
    $21
    Space
    Open plan office space for + 15 people
    Size
    1,292 SF
    Rate per SF
    $26
    Space
    Private office for 3ws
    Size
    646 SF
    Rate per SF
    $34
    Space
    Private Office for 4ws
    Size
    646 SF
    Rate per SF
    $27
    Space
    Private office for 5ws
    Size
    807 SF
    Rate per SF
    $41

    HighLights

    • Private, fully serviced offices with flexible contracts and 24/7 access.
    • Global coworking membership with flexible contracts and business‑hours access.
    • Dedicated desks in shared spaces, including 24/7 access and a locker, with flexible contracts.
    • On‑demand meeting rooms and event spaces, customizable and fully serviced.
    • Prestigious virtual office solutions with business address, call handling, and mail services.
    Property Profile Location Intelligence

    Current Use by Public Records

    Boeing Co Aerospace Company JMI Realty Investment Service Bulk Custom Shirts Custom T-Shirt Store USA Compression Partners ... Oil Field Equipment Supplier Attorney Thomas H. ... Attorney

    Suggested Use

    Spa & Massage Dental Office Hair Salon Realty agency Nail Salon Restaurant Daycare Center Building Supply Kitchen & Bath Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7443863
    Latitude
    30.2729209

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    FAQs

    What type of property is this?
    Office space - Prestigious Austin office space, flexible layouts.
    Where is this office space located?
    The property is located at 111 Congress Ave Austin, TX.
    What is the lease rate?
    The lease rate is $21-$93 SF/Yr.
    What are key features of this property?
    This property features: Private, fully serviced offices with flexible contracts and 24/7 access.; Global coworking membership with flexible contracts and business-hours access.; Dedicated desks in shared spaces, including 24/7 access and a locker, with flexible contracts.
    Request Owner's contact information
    111 Congress Ave Austin, TX 78701
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    Austin, TX 78701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    111 Congress Ave Austin, TX 78701
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