Office Market Movement, Pre-Pandemic Trends, & Off Markets

Office market movement, pre-pandemic trends, & off markets

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JACOB IN AUSTIN’S DOWNTOWN UPDATE IN THIS ISSUE Office market movement, pre-pandemic trends, & off markets DATA DIVE The graph below shows how far off track downtown Austin is from its historical trend. From 2009 to 2019, the market followed a relatively stable and consistent trajectory. Downtown saw a spike between 2021 and 2022, mirroring the broader Austin market. By the end of 2024, prices were 3.6% above that trend line, and 2025 YTD is currently tracking 2.54% above. The question now is: Will we correct back to the trend line, dip below it, or remain elevated? my thoughts - supply is increasing and demand is keeping pace New Listings | All Active Listings STAY IN THE LOOP The Sail Tower to be filled later this year - Google has announced it will occupy the building later this year. The tower has been sitting vacant on their dime since construction completed Meta is making changes to it’s office - though they aren’t making moves to their lease at 6G, there have been permits filed for remodel work in their current downtown space. A lot of big tech office moves this update! Dirty 6th St’s pilot program to improve safety has seen early success - across many measures, eliminating the pedestrian only entertainment district has accomplished what it set out to do, reduce violence and crime. SHARING A MOMENT Under the S 1st Bridge. Hope you are enjoying this beautiful spring weather! OFF MARKET LISTINGS Brazos Place #1207 Top floor | 2 Bed 2 Bath | $599,000 44 East #2607 2 Bed 2 Bath (coming soon) reach out if you’re looking for something else, plenty of off market opportunities to be found! Specializing in Austin's premier high-rise condo market, I take a data-driven, proactive approach using a suite of resources and insights I’ve developed. I help clients discover their ideal fit — often sourcing off-market opportunities — and deliver tailored representation for buying, selling, or leasing downtown’s finest spaces. Let’s work together! (512) 718-1600 Jacob@JacobInAustin.com MODUS Real Estate if this email was forwarded to you and you'd like to subscribe, you can do so here. Want to change how you receive these emails? You can update your preferences or unsubscribe TREC Consumer Protection Notice  |  Information About Brokerage Services