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Class A Office Tower
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98 Red River St, Austin, TX 78701

Class A office space spans multiple levels with extensive indoor and outdoor amenity areas.

Property Size28,887 SF
Days on Market891

Property Features for 98 Red River St

General Information

Standard status Active
Size 28,887 SF
Class Class AA
Total Parking Spaces 1197
Property subtype OFFICE

Amenities

Lobby
Gym
Library
Lounge
Meeting Spaces
Conference Room
Storage & Prep Kitchen
Bar
Team Building Spaces
Focus Rooms
Collaboration Rooms
Training Rooms
Outdoor Amenity Deck
Listing Agency: Lincoln Property Company | Austin
Listed By: Andrew E. Smith
Source: Moodyscre
Added: Feb 22, 2024 Changed: Jul 26 Last Checked: Jul 31 at 10:12AM

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 Lincoln Property Company | Austin

Investment Insights

Based on property information with market context.

Waterline is a Class AA office tower offering office space on levels L14 through L39. The building includes an average floorplate size of 27,904 RSF and totals 703,000 RSF.

Amenities are a major component of the tenant experience, with approximately 28,000 SF of indoor amenity space and an outdoor amenity deck totaling about 24,000 SF, including terraces, walks, and gathering areas. The indoor amenity offering includes a lobby, gym, library, lounge, meeting spaces, and conference rooms, along with storage and a prep kitchen, bar, focus rooms, collaboration and training rooms, and team-building spaces.

Parking is available in a 1,197-space garage, supporting an overall parking ratio of 2.0 spaces per 1,000 RSF.

Key Highlights

  • 26 floors of Class AA office space (L14–L39)
  • 27,904 RSF average floorplates; total building area 703,000 RSF
  • 1,197 parking spaces (2.0/1,000 parking ratio)

Property Analytics

Current Use

Waterline Austin Condominium Complex

Suggested Use

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

6,855
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

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 building - Class A office space spans multiple levels with extensive indoor and outdoor amenity areas.
Where is this office building located?
The property is located at 98 Red River St Austin, TX.
What are key features of this property?
This property features: 26 floors of Class AA office space (L14–L39); 27,904 RSF average floorplates; total building area 703,000 RSF; 1,197 parking spaces (2.0/1,000 parking ratio)
(512) 322-3225 Call to check price and availability
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