Austin Office Figures - Q1 2026

The Austin office market continued its upward trend in Q1 2026, recording 238,200 SF of positive net absorption. Performance this quarter built on the growth seen at the end of 2025. The Prime (Trophy) segment of the Austin office market continues to capture the flight-to-experience trend seen across the Austin office market. Office occupiers in the Austin metro continue to place a premium on high quality space, which offers elevated amenities and a work-live-play environment which helps attract and retain top talent in an increasingly tight labor market. The positive net absorption achieved this quarter was largely driven by tenants occupying space in the 2nd Street district of the CBD and the Domain district of the Northwest submarket. These two micro-markets have been major drivers of leasing activity over the past few years and continue to garner the highest rates in the metro. 

As of March, more than 110 tenants are actively seeking space totaling over 4.4 million sq. ft. Driving this demand is the technology sector, which is currently pursuing more than 2.4 million sq. ft. of office space across the Austin metro. On the supply side, the construction pipeline continued to contract, dropping to 756,000 sq. ft. this quarter and is expected to be fully delivered by the end of Q3 2026.