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Class AA Office Building with Indoor Amenities
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98 Red River St, Austin, TX 78701

Amenity-rich, multi-floor Class AA office space within an urban waterfront business district setting.

Property Size27,123 SF
Days on Market891

Property Features for 98 Red River St

General Information

Standard status Active
Size 27,123 SF
Total Parking Spaces 1197
Property subtype OFFICE

Additional Details

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

Building Details

Building Size 703,000 SF
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 31 Last Checked: Jul 31 at 7:23AM

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 multi-floor, Class AA office building offering amenity-rich workplaces spanning the upper portion of the tower. The offering includes 26 floors of Class AA office space (L14 - L39) with an average floorplate of 27,904 RSF, within a total building size of 703,000 RSF. Indoor amenities total 28,000 SF and include a lobby, gym, library, lounge, meeting spaces, conference room space, storage and prep kitchen, bar, team building spaces, focus rooms, collaboration rooms, and training rooms.

The building is positioned on the banks of Lady Bird Lake and Waller Creek, described as being in the heart of the business district and close to “everything that makes the city so great.” Parking is provided via 1,197 parking spaces, supported by a 2.0/1,000 parking ratio. Outdoor amenities include a 24,000 SF indoor/outdoor amenity deck with terrace, walks, and gathering spaces.

The available office space is within the 14th through 39th floors, supporting a tenant need for premium, amenity-connected workspace in a modern, high-rise setting.

Key Highlights

  • 26 floors of Class AA office space (L14 - L39)
  • Average floorplates of 27,904 RSF
  • Total building size of 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 - Amenity-rich, multi-floor Class AA office space within an urban waterfront business district setting.
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); Average floorplates of 27,904 RSF; Total building size of 703,000 RSF
(512) 322-3225 Call to check price and availability
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