Austin CRE Limits
Although Austin, Texas' motto might be Keep Austin Weird, there is nothing weird about the city's economic growth, school spirit for UT Austin, or its incredibly vibrant cultural scene.
Austin, Texas, the home of the University of Texas Longhorns, the Lyndon B. Johnson Library, Willie Nelson, Austin City Limits and the SXSW Festival, is quickly becoming a popular city for new and established businesses. One of the hot spots to mingle with young professionals and college students is the famous Sixth Street in downtown Austin. Sixth Street serves as the entertainment district in Austin, off limits to vehicles during weekend nights so that throngs of pedestrians can walk through safely.
Although most people know Sixth Street as a popular party street, there is also a Historic District which spans Sixth Street roughly between Lavaca Street to the west and Interstate 35 to the East. Throughout the Historic District, there are two sites that appear on the National Register of Historic Places. First up is the old U.S. Post Office and Federal Building which used to be a historic courthouse and post office. The courthouse was designed by architect James G. Hill and was completed in 1879 at a cost of $200,000. The courthouse was in use until 1936. The most recent transaction involving the building was its purchase by the Texas State University System for $8.2 million. Now, the building is called O. Henry Hall, named after William Sidney Porter. He was tried and convicted of embezzlement in the same building. Porter wrote acclaimed short stories, many with surprise endings, under the pseudonym O.Henry,
The second site on the National Register of Historic Places is the West Sixth Street Bridge, a historic stone arch bridge in downtown Austin. Located at the site of the first bridge in Austin, it connects Sixth Street over Shoal Creek. Initially, the bridge located on site was constructed by the United States Army but could not carry wagon traffic and therefore had to be reconstructed to meet the demands of the developing city. The concept for the new bridge was put in motion on March 21, 1887 when the city council allocated $6,126.20, equivalent to over $170,000 in today’s dollars. To this day, The West Sixth Street Bridge is still in use.
QuantumListing members currently have more than 1.2 million square feet of commercial real estate for sale and lease in Austin. Of this 1.2+ million square feet, over 309,000 square feet of commercial space is for sale, while over 975,000 square feet is for lease.
Let's take a further dive on the commercial space available in Austin on QuantumListing. The top three categories of commercial space available are Retail, Office and Land. As of this writing, QuantumListing’s Austin properties include in excess of 770,000 square feet of retail space, more than 400,000 square feet of office space and over 99 acres of land. And, we’re growing every week!
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Come back to the QuantumListing Blog soon to see our next featured city. Comment below if you have a suggestion as to which city you would like us to highlight next!