The mixed-use project will break ground in late 2018 or early 2019 and is expected to deliver in late 2020.
AUSTIN, TX—At the close of second quarter 2018, vacancy rates in Austin's Central Business District and CBD submarkets were just 2.2% and 8%, respectively. This low vacancy is propelling mixed-use development in Austin, especially in the Capitol Complex and Innovation District.
A recent example is the 200,000-square-foot mixed-use building on behalf of the Employees Retirement System of Texas/ERS located at 200 E. 18th St. The building will consist of approximately 15,000 square feet of retail space and 192,000 square feet of office space, with large floorplates exceeding 34,000 square feet.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
