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Class AA Office Space on Upper Floors
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98 Red River St, Austin, TX 78701

Class AA offices on levels 14 through 39 with large floorplates and extensive indoor and outdoor amenities.

Property Size28,039 SF
Days on Market891

Property Features for 98 Red River St

General Information

Standard status Active
Size 28,039 SF
Net Rentable 703,000 SF
Class AA
Total Parking Spaces 1197
Property subtype OFFICE

Space & Availability

Floor L14-L39
Space Use 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
Outdoor Amenity Deck

Building Details

Parking Ratio 2 per 1,000 SF
Listing Agency: Lincoln Property Company | Austin
Listed By: Andrew E. Smith
Source: Moodyscre
Added: Feb 22, 2024 Changed: Jul 29 Last Checked: Jul 31 at 1:14PM

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 building offering amenity-rich workspace on levels 14 through 39 (26 floors). Office users have access to average floorplates of 27,904 RSF, with the overall building totaling 703,000 RSF.

The building supports large-scale day-to-day operations with 1,197 parking spaces and approximately 28,000 SF of indoor amenities. Indoor offerings include a lobby, gym, library, lounges, meeting and conference rooms, focus rooms, collaboration spaces, training rooms, and storage/prep kitchen access.

Outdoor amenities include an approximately 24,000 SF amenity deck with terrace, walks, and gathering spaces. The property is located at 98 Red River St in Austin, adjacent to Lady Bird Lake and Waller Creek, in the heart of the business district.

Key Highlights

  • Class AA office space on levels 14 through 39 (26 floors)
  • Average floorplates of 27,904 RSF
  • Building totals 703,000 RSF

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 AA offices on levels 14 through 39 with large floorplates and extensive indoor and outdoor amenities.
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: Class AA office space on levels 14 through 39 (26 floors); Average floorplates of 27,904 RSF; Building totals 703,000 RSF
(512) 322-3225 Call to check price and availability
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