As the city’s workforce and population grows, the need for more Southwest Austin office space, warehouses and industrial parks also increases.
According to the Austin Chamber of Commerce website, the 2015 local population increased 37.7 percent in the past decade. U.S. Census Bureau estimates show Austin remains one of the top destinations for migrating workers.
The cost to lease downtown work spaces is estimated at $57.86 per square foot for a Class A building. In Southwest Austin, lease costs are estimated at $39.53 per square foot for the same building. The influx of population growth, estimated at 3 percent citywide for the 12 months ending in July 2015, according to the Austin Chamber of Commerce website, is making Southwest Austin more viable for office projects, Aquila Commercial principal David Putman said.
Buildings and office spaces are emerging as part of mixed-use developments in the area that also include access to retail stores, restaurants and exercise facilities, Putman said.






