5th & lavaca...jll | 3209 & 213 w 5th street southeast corner of 5th st & lavaca austin,...
TRANSCRIPT
JLL | 1
CON
GRES
S A
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COLO
RADO
STR
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GUAD
ALU
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TREE
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LAVA
CA S
TREE
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5TH STREET
4TH STREET
5TH & LAVACA0.2704 ACRES
land offering memorandum0.2704 Acres | 11,778 SF Development Opportunity
Prime High Rise Development Site Located in Downtown Austin, Texas
5TH & LAVACA
5th & Lavaca | Austin, Texas
EXECUTIVE SUMMARY
Jones Lang LaSalle (“JLL”) has been exclusively retained to offer qualified investors the rare opportunity to purchase the fee simple and ground lease interest in 5th & Lavaca (the “Property” or “Site”) in the heart of Downtown Austin, Texas. 5th & Lavaca is comprised of two adjacent parcels totaling 0.2704 acres at 209 & 213 W 5th Street. Located in the nexus of Austin’s Central Business District, the Site offers unparalleled walkability in with a walk score of 97 out of 100, which reflects the location’s amenity base that is unmatched in Austin. With no height restrictions (25:1 maximum FAR), and site dimensions of roughly 95’ X 125’, 5th & Lavaca presents a unique development opportunity rarely presented in Texas’s dynamic 24-hour capital city.
JLL | 3
209 & 213 W 5th StreetSOUTHEAST CORNER OF 5TH ST & LAVACA
AUSTIN, TX 78701
0.2704ACRES
11,778SQUARE FEET
CBDZONING
25:1MAXIMUM FAR
± 95' x 125'DIMENSIONS
NoneCVC RESTRICTIONS
100%IMPERVIOUS
COVERAGE
NonePARKING
RESTRICTIONS
PROPERTY OVER VIEW
5th & Lavaca | Austin, Texas
LOCATION OVER VIEW
DOWNTOWN AUSTIN
The Site is located in the in the heart of Downtown Austin, one of the fastest growing metro areas in the nation. Downtown currently hosts a working population of nearly 90,000 daytime employees and a growing residential base of more than 14,000 people. Driven by the robust population growth and favorable business laws, Downtown hosts an impressive roster of employers including the Whole Foods world headquarters, Google, Expedia, Facebook, Indeed, Cirrus Logic, and countless law, engineering, government, real estate and high-tech companies. With an influx of apartment, condominium, retail and office developments, the Downtown core has transformed Austin into a 24-hour city.
LANCE ARMSTRONG BIKEWAY
W 6TH STW 6TH ST
W 7TH ST
W 5TH STW 5TH ST
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E 7TH ST
E 5TH ST
E 4TH ST
W 3RD ST E 3RD ST
W 3RD ST
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BARTON SPRINGS RD
BARTON SPRINGS RD
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W RIVERSIDE DR
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W 2ND ST E 2ND STW 2ND ST
SANDRA MURAIDA WAY
W CESAR CHAVEZ ST E CESAR CHAVEZ ST
ANN
& RO
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HIKE
& B
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ANN & ROY BUTLER HIKE & BIKE TRA I L
LADY BIRD LAKE
SHOA
L CRE
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LADY BIRD LAKE
LADY BIRD LAKE
BUTLER PARK
BUTL
ER PA
RK P
ITCH
& PU
TTAUDITORIUM SHORES
REPUBLICSQUARE
TOWN LAKEMETROPOLITAN PARK
SAND BEACH PARK
PARKINGGARAGE
AUSTINCENTRALLIBRARY
AUSTINCITYHALL
U.S. FEDERALCOURTHOUSE
THE LONG CENTER FORPERFORMING ARTS
AUSTINCONVENTION
CENTER
PALMEREVENTS CENTER
Francesca’s Hemline
Finley’s BarberDaily Juice Cafe
Austin Rocks
Eliza Page Esperos StudioUAL
RIDE Indoor Cycling
Luxe Apothetique
Modcloth
Prize
Con Olio
Toy Joy
LOFT
Violet Crown CinemaBonobos
Orange Theory Fitness
Urban Outfitters
ACL Live
Jos A Bank
Patagonia
League of Rebels
Sikara
Milk + Honey
Waterloo Records
lululemon athletica
By George
Paper Source
West Elm
Free People
O�ce DepotLifetime Fitness
Book People
Anthropologie
REI
Ruiz Salon
Fleet Feet
Barre 3
Wild Orchid Salon
Core Power Yoga
Tsunami Salon
Mellow Johnny’s Bike Shop
Royal Blue Grocery
Gables Park Plaza
AMLI 300
Gables Park Tower
Seaholm Residences
The Spring
The Bowie
The Monarch404 Rio Grande
SEVEN Apartments
Austin Proper
AMLI on 2ndAMLI Downtown
The Austonian
360 Condos Gables Republic Square
W Residences
Fifth & West
North Shore Ashton Austin
The IndependentGables West Avenue
Austin City Lofts
W Hotel
Hotel Zaza
JW Marriott
The Line Hotel
Extended Stay America
Austin Proper
Aloft Austin Downtown
Starbucks
Boiler NineTrue Food Kitchen
Thundercloud Subs
PolvosIntelligentsia
Juiceland
Flower Child
North ItaliaLa Condesa Jo’s Co�eeTaverna
Royal Blue Grocery
Numero28
LambertsATX Cocina
Le PolitiqueMad Greens
Mama Fu’sIII Forks
Austin Java
Starbucks
Second Bar + Kitchen
The Capital GrilleHangar Lounge
Halycon
Sophia’sThe Grove Kung Fu Saloon Rio
The DogwoodHut’s Hamburgers
Star Bar
Wu ChowFixe
Little Woodrow’s
Ranch 616
Peché
Bob’s Steak & Chop
Truluck’s
Walton’sParlor & Yard
RETAIL
RESIDENTIAL
OFFICE
FOOD/BEVERAGE
HOTEL
JLL | 5
90,000DAYTIME EMPLOYEES
14,000+RESIDENTIAL BASE
27.4MANNUAL VISITORS
(2018)
LANCE ARMSTRONG BIKEWAY
W 6TH STW 6TH ST
W 7TH ST
W 5TH STW 5TH ST
W 4TH ST
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E 7TH ST
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E 4TH ST
W 3RD ST E 3RD ST
W 3RD ST
LAVA
CA ST
COLO
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CONG
RESS
AVE
S FIR
ST ST
BRI
DGE
CONG
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RIDG
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BRAZ
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SAN
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BLVD
SAN
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GUAD
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WEST
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WEST
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BARTON SPRINGS RD
BARTON SPRINGS RD
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BAYL
OR STWE
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SANDRA MURAIDA WAY
W CESAR CHAVEZ ST E CESAR CHAVEZ ST
ANN
& RO
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LER
HIKE
& B
IKE T
RAIL
ANN & ROY BUTLER HIKE & BIKE TRA I L
LADY BIRD LAKE
SHOA
L CRE
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LADY BIRD LAKE
LADY BIRD LAKE
BUTLER PARK
BUTL
ER PA
RK P
ITCH
& PU
TT
AUDITORIUM SHORES
REPUBLICSQUARE
TOWN LAKEMETROPOLITAN PARK
SAND BEACH PARK
PARKINGGARAGE
AUSTINCENTRALLIBRARY
AUSTINCITYHALL
U.S. FEDERALCOURTHOUSE
THE LONG CENTER FORPERFORMING ARTS
AUSTINCONVENTION
CENTER
PALMEREVENTS CENTER
Francesca’s Hemline
Finley’s BarberDaily Juice Cafe
Austin Rocks
Eliza Page Esperos StudioUAL
RIDE Indoor Cycling
Luxe Apothetique
Modcloth
Prize
Con Olio
Toy Joy
LOFT
Violet Crown CinemaBonobos
Orange Theory Fitness
Urban Outfitters
ACL Live
Jos A Bank
Patagonia
League of Rebels
Sikara
Milk + Honey
Waterloo Records
lululemon athletica
By George
Paper Source
West Elm
Free People
O�ce DepotLifetime Fitness
Book People
Anthropologie
REI
Ruiz Salon
Fleet Feet
Barre 3
Wild Orchid Salon
Core Power Yoga
Tsunami Salon
Mellow Johnny’s Bike Shop
Royal Blue Grocery
Gables Park Plaza
AMLI 300
Gables Park Tower
Seaholm Residences
The Spring
The Bowie
The Monarch404 Rio Grande
SEVEN Apartments
Austin Proper
AMLI on 2ndAMLI Downtown
The Austonian
360 Condos Gables Republic Square
W Residences
Fifth & West
North Shore Ashton Austin
The IndependentGables West Avenue
Austin City Lofts
W Hotel
Hotel Zaza
JW Marriott
The Line Hotel
Extended Stay America
Austin Proper
Aloft Austin Downtown
Starbucks
Boiler NineTrue Food Kitchen
Thundercloud Subs
PolvosIntelligentsia
Juiceland
Flower Child
North ItaliaLa Condesa Jo’s Co�eeTaverna
Royal Blue Grocery
Numero28
LambertsATX Cocina
Le PolitiqueMad Greens
Mama Fu’sIII Forks
Austin Java
Starbucks
Second Bar + Kitchen
The Capital GrilleHangar Lounge
Halycon
Sophia’sThe Grove Kung Fu Saloon Rio
The DogwoodHut’s Hamburgers
Star Bar
Wu ChowFixe
Little Woodrow’s
Ranch 616
Peché
Bob’s Steak & Chop
Truluck’s
Walton’sParlor & Yard
RETAIL
RESIDENTIAL
OFFICE
FOOD/BEVERAGE
HOTEL
5TH &LAVACA
BLOCK 71BLOCK 185300 COLORADO
701 RIO GRANDETHE REPUBLIC6TH X GUADALUPE
5th & Lavaca | Austin, Texas
JLL | 7
NEARBY COMPLIMENTARY DEVELOPMENTS
300 COLORADO
Scheduled to deliver in January 2021, the 353,938 SF Class AA office tower is 88% pre-leased.
INDEED TOWERScheduled for delivery in 2Q 2021, 673,000 SF Class AA office, 35,000 SF ground floor retail, and 17,000 SF of outdoor urban greenspace. The Project is
currently 69% pre-leased with Indeed as the anchor tenant.
BLOCK 185Scheduled for delivery in 2022, the 790,000 SF Class AA office building is 100% leased to Google.
6TH + GUADALUPE
Scheduled to deliver in 2023, the development will consist of 589,661 SF of Class AA office, 349 residential units, and 11,675 SF of retail space.
THE REPUBLIC
Proposed 750,000 SF of Class AA office.
701 RIO GRANDE
120,000 SF of Class A office currently under construction and scheduled to deliver in 3Q 2021.
5th & Lavaca | Austin, Texas
DOWNTOWN AUSTIN MULTI-HOUSING PIPELINE
STATUS PROPERTY NAME DEVELOPER NUMBER OF UNITS
Under Construction 6th X Guadalupe Kairoi Residential 349
Under Construction The Quincy Endeavor 347
Under Construction Alexan Wateroloo Trammell Crow Residential 274
Under Construction Hanover Republic Square Hanover Company 310
Under Construction 5th & Brazos Magellan Development Group 330
Under Construction Block 36 Transwestern 263
Total - Under Construction 1,873
STATUS PROPERTY NAME DEVELOPER NUMBER OF UNITS
Planned & Approved Presidio III SLR Texas Development 155
Total - Planned & Approved 155
STATUS PROPERTY NAME DEVELOPER NUMBER OF UNITS
Planned East 9th Street Sackman Enterprises 145
Planned Hanover 3rd & Brazos Hanover Company 306
Planned The Travis Genesis Real Estate 414
Planned 321 W 6th Street Ryan Companies 365
Planned 90 Rainey Stree UrbanSpace 442
Planned Town Lake Lofts Richman Group 218
Planned 827 W 12th Street Transwestern 147
Total - Planned 2,037
DOWNTOWN'S GROWINGRESIDENTIAL BASE
As Downtown continued to develop and demand for urban living grew, the residential population in Downtown Austin increased from 4,000 people in the early 2000’s to housing more than 14,000 people today. With that number projected to double by 2040, developers have been hyper-focused on meeting the demand for downtown housing with a robust construction pipeline.
JLL | 9
TOWN LAKE LOFTSHANOVER REPUBLIC SQUARE6TH X GUADALUPE
THE QUINCY5TH AND BRAZOSALEXAN WATERLOO
JLL | 11
Downtown Austin remains the entertainment nexus for the city and boasts the largest density of bars and restaurants in the city. Residents and visitors alike have many different districts and areas to choose from all with different characteristics including: Sixth Street, 2nd Street & Greenwater, Rainey Street and the East Side among others. Additionally, Austin is deemed The Live Music Capital of the World with over 1,700 live music venues and Downtown is home to South by Southwest (SXSW) and the ACL Music Festival, two of America’s largest media events.
ENTERTAINMENTOPTIONS
200+RESTAURANTS
DOWNTOWN AUSTIN
145+BARS
135+RETAIL STORES
5th & Lavaca | Austin, Texas
LANCE ARMSTRONG BIKEWAY
W 6TH ST
W 6TH STW 7TH ST
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W 8TH ST
W 8TH ST
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W 9TH ST
W 9TH ST
W 10TH ST
W 11TH ST
W 10TH ST W 12TH ST
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W 4TH ST E 6TH ST
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LAVA
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ANN & R OY BUTLER HIKE & BIKE TRAIL
WEST
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LADY BIRD LAKE
SHOA
L CRE
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LADY BIRD LAKE
LADY BIRD LAKE
BUTLER PARK
BUTL
ER PA
RK PI
TCH &
PUTT
REPUBLICSQUARE
TOWN LAKEMETROPOLITAN PARK
SAND BEACH PARK
PARKINGGARAGE
PARKINGGARAGE
U.S. FEDERALCOURTHOUSE
The Long Centerfor Performing Arts
Austin CentralLibrary
AustinConvention Center
AustinCity Hall
PalmerEvents Center
LADY BIRD LAKE
BAT VIEWING ON CONGRESS
AUDITORIUM SHORES
BARTON SPRINGS POOL
ZILKER PARK
BUTLER HIKE & BIKE
Austin’s location along the Colorado River, at the base of the Texas Hill Country, allows residents to enjoy more than 14,000 acres of public green space within the city and an additional 7,500 acres in the nearby hills to the west. The Site offers a superior location that is walking distance to many of the area’s finest recreational destinations, including Lady Bird Lake, Auditorium Shores, Barton Springs Pool, Zilker Park, Butler Hike & Bike Trail, and Bat Viewing on Congress Avenue Bridge.
ABUNDANTPARKS & RECREATION
JLL | 13
LANCE ARMSTRONG BIKEWAY
W 6TH ST
W 6TH STW 7TH ST
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W 9TH ST
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W 10TH ST
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W 10TH ST W 12TH ST
W 12TH ST
W 13TH ST
W 14TH ST
W 15TH ST
W 16TH ST
W 17TH ST
W 5TH ST
W 5TH ST
W 5TH ST
W 4TH ST E 6TH ST
E 7TH ST
E 8TH ST
E 9TH ST
E 10TH ST
E 5TH ST
E 4TH ST
W 3RD ST
E 3RD ST
W 3RD ST
LAVA
CA ST
LAVA
CA ST
COLO
RADO
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COLO
RADO
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CONG
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S FIR
ST ST
BRI
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BRAZ
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BRAZ
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GUAD
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GUAD
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NUEC
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WEST
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N LA
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DESTRIA
N BRIDGE
S LAM
AR BL
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KINNE
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OXFO
RD AV
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GARN
ER AV
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LINSCOMB AVE
TREADWELL ST
DEXTER ST
MARGARET ST
DYWER AVE
KERR ST
JULIET ST
S FIRS
T ST
S 5TH
ST
BOUL
DIN AV
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BARTON SPRINGS RD
BARTON SPRINGS RD
BARTON SPRINGS RD
BARTON SPRINGS RD
LEE B
ARTO
N DR W RIVERSIDE DR
BAYL
OR ST
SHEL
LEY A
VELORR
AIN ST
ELM
ST
MAUF
RAIS
ST
HIGHL
AND A
VEOA
KLAN
D AVE
WELS
H ST
PRES
SLER
ST
BLAN
CO ST
W LYNN
ST
PATT
ERSO
N AV
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CAMP
BELL
ST
W 2ND ST
E 2ND ST
W 2ND ST
SANDRA MURAIDA WAY
W CESAR CHAVEZ ST
W CESAR CHAVEZ ST
E CESAR CHAVEZ ST
ANN
& RO
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LER
HIKE
& B
IKE T
RAIL
ANN & R OY BUTLER HIKE & BIKE TRAIL
WEST
AVE
LADY BIRD LAKE
SHOA
L CRE
EK
LADY BIRD LAKE
LADY BIRD LAKE
BUTLER PARK
BUTL
ER PA
RK PI
TCH &
PUTT
REPUBLICSQUARE
TOWN LAKEMETROPOLITAN PARK
SAND BEACH PARK
PARKINGGARAGE
PARKINGGARAGE
U.S. FEDERALCOURTHOUSE
The Long Centerfor Performing Arts
Austin CentralLibrary
AustinConvention Center
AustinCity Hall
PalmerEvents Center
LADY BIRD LAKE
BAT VIEWING ON CONGRESS
AUDITORIUM SHORES
BARTON SPRINGS POOL
ZILKER PARK
BUTLER HIKE & BIKE
LADY BIRD LAKE | 6 MINUTE WALK
A recreational lake surrounding the shoreline as well as stand-up paddle boarding, rowing, and fishing.
BUTLER HIKE & BIKE TRAIL | 6 MINUTE WALK
10-mile urban path that meanders along the water’s edge and passes by skyscrapers, neighborhoods, sport fields and cultural attractions.
BAT VIEWING ON CONGRESS AVENUE BRIDGE | 9 MINUTE WALK
An estimated 100,000 people annually visit this location to watch 1.5 million Mexican free-tailed bats fly from underneath the Congress Avenue Bridge at dusk during the spring and fall months.
AUDITORIUM SHORES | 13 MINUTE WALK
An urban greenspace featuring a large off-leash dog area, seasonal events and an outdoor live music venue. Home to the Cap-Tex Triathlon, Austin Food & Wine Festival, and site of the Fourth of July Fireworks celebration.
ZILKER PARK | 2 MILES FROM THE SITE
A 351-acre park that is home to the Austin City Limits Music Festival and features trails, gardens, swimming areas and more.
BARTON SPRINGS POOL | 2.5 MILES FROM THE SITE
A natural pool fed from underground springs with an average temperature of 68-70 degrees, ideal for year-round swimming.
5TH &LAVACA
5th & Lavaca | Austin, Texas
EAST AUSTIN
RAINEY DISTRICT
CAPITOL COMPLEXHEALTH DISTRICT
INNOVATION DISTRICT
CONVENTION CENTERCENTRAL BUSINESS DISTRICT
MARKET DISTRICT
THE UNIVERSITY OF TEXAS AT AUSTIN
N LAMAR BLVD
W CESAR CHAVEZ ST
S 1ST ST
GUADALUPE ST
LAVACA ST
W 15TH ST
W MLK JR BLVD
S CONGRESS AVE
CONGRESS AVE
W 6TH ST
Lady Bird LakeEAST AUSTIN
• Explosive Growth & Revitalization• Development Fuels Gentrification as Demand Moves East• Cutting Edge Restaurants, Eclectic Nightlife• Cultural Heart of the City
RAINEY STREET DISTRICT
• Popular Historic District with Relaxed Austin Vibe
• Renovated Houses Turned Bungalow Bars & Eateries
• Hotspot for High-Rise Residential and Hotel Developments
CONVENTION CENTER
• State-of-the-Art Gigabit-Rated Facility Spanning 3 Downtown Blocks
• 246,000 SF of Contiguous Exhibit Space, 2 Ballrooms, 54 Meeting Rooms
• Major Venue for SXSW, Accommodating 150,000+ Attendees
INNOVATION DISTRICT
• Healthcare Research & Technology Focus• 17,000+ Jobs• Future Merck Campus (600 Employees)
HEALTH DISTRICT
• 600,000 SF UT Medical School• Tier 1 Research Facility• $463M Teaching Hospital• Opened Fall 2017
CAPITOL COMPLEX
• 40-Block Area Bounded by 10th & MLK
• 3-Phase, 5M SF Mixed-Use Development
• $580M Phase 1: 1M SF New Office & 3-Block Pedestrian Mall
ADDITIONAL DOWNTOWN DEMAND DRIVERS
JLL | 15
EAST AUSTIN
RAINEY DISTRICT
CAPITOL COMPLEXHEALTH DISTRICT
INNOVATION DISTRICT
CONVENTION CENTERCENTRAL BUSINESS DISTRICT
MARKET DISTRICT
THE UNIVERSITY OF TEXAS AT AUSTIN
N LAMAR BLVD
W CESAR CHAVEZ ST
S 1ST ST
GUADALUPE ST
LAVACA ST
W 15TH ST
W MLK JR BLVD
S CONGRESS AVE
CONGRESS AVE
W 6TH ST
Lady Bird Lake
5TH &LAVACA
AUSTIN, TEXAS
No. 1
JOB MARKETThe Wall Street Journal
No. 1
SOARING TECH SALARIES Bloomberg
No. 1
NATION'S HIGH-TECH HUBThe Wall Street Journal
No. 1
BEST CITY TO START A BUSINESSInc.
BEST PLACE TO LIVE IN THE U.S. 2017, 2018, 2019, 2020
U.S. News & World Report
AUSTIN IS VERY RESILIENT TO ECONOMIC DOWNTURNS. Take a look at our report and see why.
No. 1
BEST CITY TO LIVE IN AMERICA
Money Magazine
No. 1
MARKET FOR REAL ESTATE INVESTMENT 2020
Emerging Trends in Real Estate® 2020
No. 2
BEST JOB MARKET Forbes
No. 2
LARGEST MILLENNIAL POPULATION
Commercial Cafe
$27.4 M ANNUAL VISITORS
$8.7 B ANNUAL ECONOMIC IMPACT FROM VISITOR SPENDING
ANNUAL REVENUE
ANNUAL REVENUE
$1 BILLION COTA/FORMULA 1
$265 MILLION ACL MUSIC FESTIVAL
Named by U.S. News and World Report as the Best Place to Live in the U.S. for four consecutive years, Austin has transformed from a quiet state capital into one of the fastest-growing metros in the country. Universally regarded for its thriving economy and prosperous employment opportunities, Austin’s quality of life truly sets it apart from other cities. People are drawn to the city’s cultural vitality, outdoor spaces, and vibrant food and entertainment scene. Known as the “Live Music Capital of the World”, Austin boasts hundreds of music venues and is home to SXSW and ACL Music Festival, two of the largest media events in the nation. Austin is celebrated for its enchanting natural beauty and oasis of outdoor activities found in more than 300 parks, 18,000 acres of green space, and 227 miles of trails. Austinites enjoy a reasonable cost of living with home prices below the national average, no state income tax, and the highest per capita income in the state. With a unique diversity of lifestyles within its boundaries, it is not hard to see why many people love to call Austin home.
Major Tech Employers
144 IN 2019 (Creating 12,328 new jobs)
135 IN 2018 (Creating 18,213 new jobs)
115 IN 2017 (Creating 13,051 new jobs)
Corporate Expansions & Relocations
• Austin is a hot spot for tech companies from all over the U.S. with a total of 138,000 tech-related jobs (14% of total jobs compared to 7% nationally)
• In the past decade Austin is the No. 1 city gaining company migrations from California
• Austin has the highest tech salaries in the nation with an average salary of $202,000 (adjusted for cost of living)
• Austin’s strong tech presence fuels $31 billion into the economy, accounting for about 35% of the total
The new 133-acre development is expected to make it the largest private employer in Austin. Apple expects the new campus to accommodate 5,000 employees at first, though it will ultimately have a total capacity of 15,000.
Gigafactory Texas is an electric vehicle manufacturing facility that will create at least 5,000 new jobs. The 2,000-acre site will be an “ecological paradise” with public access, a boardwalk, hiking and biking paths, and other environmentally friendly features. The factory will produce the Model Y, Model 3, Semi, and Cybertruck.
APPLE ANNOUNCES NEW $1 BILLION AUSTIN CAMPUS AS PART OF BIG US EXPANSION
TESLA ANNOUNCES $1 BILLION MANUFACTURING EXPANSION IN SOUTHEAST AUSTIN
Latest News Reports
Dell Amazon GM13,000 6,600 2,800EMPLOYEES EMPLOYEES EMPLOYEES
(7,400 Potential)
Apple IBM Facebook6,000+ 6,000 2,700EMPLOYEES EMPLOYEES EMPLOYEES(11,000 Potential)
Oracle Samsung Indeed5,000+ 3,800 1,800+EMPLOYEES EMPLOYEES EMPLOYEES(10,000 Potential) (4,500 Potential)
AUSTIN, TEXAS
1
LAKE TRAVIS
AUSTINAUSTIN
CEDAR PARKCEDAR PARKROUND ROCKROUND ROCK
CENTRAL BUSINESS DISTRICT
TECH RIDGE
ebay
Apple
amazon
wework
cisco
Apple
IBM
StateFarm
amazon
wework
84%INCREASE IN HOME SALES
SINCE 2010
17.4%OF AUSTIN’S POPULATION
ARE MILLENNIALS
169NEW RESIDENTS DAILY
2.2 MMSA POPULATION
11th Most Populous City in the U.S.
5th & Lavaca | Austin, Texas
1703 West 5th Street, Suite 850 | Austin, TX 78703
www.us.jll.com/capitalmarkets
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