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

Class AA office space across upper floors with extensive indoor and outdoor amenity offerings and on-site parking.

Property Size25,812 SF
Days on Market863

Property Features for 98 Red River St

General Information

Standard status Active
Size 25,812 SF
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
Terrace
Walks
Gathering Spaces

Building Details

Stories 26
Listing Agency: Lincoln Property Company | Austin
Listed By: Andrew E. Smith
Source: Moodyscre
Added: Mar 22, 2024 Changed: Jul 28 Last Checked: Jul 31 at 10:04AM

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 high-rise office property offering Class AA space on 26 floors, specifically Levels 14 through 39. The building’s office configuration includes average floorplates of 27,904 RSF, with a total building size of 703,000 RSF. Parking is available on-site with 1,197 spaces.

The project includes 28,000 SF of indoor amenities and 24,000 SF of outdoor amenity deck space, featuring a lobby plus multiple wellness, collaboration, and meeting-focused environments such as a gym, library, lounges, meeting and conference rooms, and training spaces. Additional amenity areas noted include focus rooms, collaboration rooms, storage and prep kitchen space, bar, team building spaces, and outdoor terraces, walks, and gathering areas.

For leasing at 98 Red River St, Austin, the building’s upper-floor office offering is positioned to support a range of professional office operations needing convenient access to shared amenity spaces within the same property.

Key Highlights

  • 26 floors of Class AA office space (L14–L39)
  • 703,000 RSF total office area with 27,904 RSF average floorplates
  • 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

$26.46 /SF/Yr
Avg Asking Price
$0.61–$104 /SF/Yr
Price Range
14,750 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 units - Class AA office space across upper floors with extensive indoor and outdoor amenity offerings and on-site parking.
Where is this office units 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); 703,000 RSF total office area with 27,904 RSF average floorplates; 1,197 parking spaces (2.0/1,000 parking ratio)
(512) 322-3225 Call to check price and availability
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