Austin office demand remains strong with an increase in leasing activity
The Austin office market continued to strengthen in Q3 2026, supported by solid fundamentals and an uptick in total transaction volume. Leasing activity totaled 1.4 million square feet, 12.4% above the five-year quarterly average. Notable transactions included Jackson Walker's 117,038-square-foot lease at 401 West 4th Street in the Central Business District (CBD). Supported by several significant leases, the CBD accounted for 30.0% of total leasing volume in Q3. As the flight to quality persisted, Class A space represented nearly 70.0% of leasing activity.