Office leasing activity in Austin, Texas has taken a dip in the second quarter while posting gains through the first half of 2024.
Quarter-over-quarter, the category slipped from about one million square feet to 900,000 square feet, according to a report from Savills. While it was a slight decrease, the first half of the year experienced a 32 percent boost year-over-year.
Most of the leases signed in the second quarter were smaller deals under 100,000 square feet. The one exception was Visa, which renewed its 176,883 square-foot space at 12301 Research Boulevard. The Northwest market controlled the largest share of leasing activity at 38 percent in the second quarter.
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