Q2 2014 Austin Office Market Research Report

1. www.colliers.com/Austin
Q2 2014 | OFFICE MARKET
AUSTIN OFFICE
MARKET INDICATORS
Q2 2013 Q2 2014
CITYWIDE NET
ABSORPTION (SF) 352K 171K
CITYWIDE AVERAGE
VACANCY 11.6% 10.7%
CITYWIDE AVERAGE
RENTAL RATE $26.53 $27.77
CITYWIDE
DELIVERED
INVENTORY (SF) 148K 188K
CLASS A RENTAL
RATE
CBD $40.94 $39.76
SUBURBAN $29.39 $30.71
CLASS A VACANCY
CBD 16.0% 16.0%
SUBURBAN 11.4% 10.5%
RESEARCH & FORECAST REPORT
AUSTIN OFFICE MARKET
Austin’s office market construction pipeline increases to
2.4M SF
Austin’s strong economy continues to spur office development with over
2.4M SF currently under construction. Over 188,000 SF of new inventory
delivered during Q2, bringing 2014 year-to-date delivered inventory to
587,657 SF. Seven buildings totaling 199,286 SF delivered in Q2, with the
most notable delivery being Seaholm Power Plant Building (117,000 SF)
which is now 97.0% leased to Athena Healthcare. Other notable deals for
Q2 are Dropbox (55,000 SF) at 501 Congress Ave., Whole Foods (40,000
SF) at 311 Bowie and Wework (34,000 SF) at One American Center.
Austin’s office market posted 85,623 SF of positive net absorption in Q2
2014, pushing year-to-date 2014 net absorption to positive 375,246 SF.
The citywide average rental rate increased 0.9% from $28.33 per SF to
$28.59 per SF over the quarter and 4.7% from $26.53 per SF to $27.77
per SF over the year. The average CBD rental rate decreased slightly to
$40.94, while the average suburban rental rate increased to $30.71.
According to local economists, 2014 job growth will remain strong with
68,000 to 72,000 new jobs forecasted for the year. Austin’s unemployment
rate fell to 4.1% from 4.6% over the year. Austin area home sales rose
11.0% between May 2013 and May 2014, a sign that the area’s economy
is growing.
Economy looks to remain strong in 2014 driven by employment growth in
the tech and hospitality sectors.
ABSORPTION, NEW SUPPLY & VACANCY RATES
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
-1,000,000
-800,000
-600,000
-400,000
-200,000
0
200,000
400,000
600,000
800,000
1,000,000
Net Absorption New Supply Vacancy
UNEMPLOYMENT 5/13 5/14
AUSTIN 4.6% 4.1%
TEXAS 6.3% 5.1%
U.S. 7.3% 6.1%
JOB GROWTH
ANNUAL
CHANGE
# OF JOBS
ADDED
AUSTIN 3.6% 31K
TEXAS 3.4% 375.3K
U.S. 1.8% 2.4M
JOB GROWTH & UNEMPLOYMENT
(Not Seasonally Adjusted)

2. RESEARCH & FORECAST REPORT | Q2 2014 | AUSTIN OFFICE MARKET
$26.00
$28.00
$30.00
$32.00
$34.00
$36.00
$38.00
$40.00
Class A Office Rents
CBD Rents Suburban Rents
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
20.0%
CBD VS. Suburban
Class A Office Vacancy
CBD Vacancy Suburban Vacancy
QUOTED GROSS RENTAL RATES FOR EXISTING TOP PERFORMING OFFICE BUILDINGS
BUILDING NAME ADDRESS SUBMARKET RBA (SF)
YEAR
BUILT
%
LEASED
AVAIL.
SF
RENT
($/SF)
OWNER
Frost Bank Tower 401 Congress Ave. CBD 535,078 2003 93.7% 48,802 $50.97 Parkway Properties, Inc.
One American
Center
600 Congress Ave. CBD 519,109 1984 90.4% 124,170 $42.44 Parkway Properties, Inc.
300 West Sixth 300 W. 6th Street CBD 454,000 2001 93.4% 52,033 $49.17 Parkway Properties, Inc.
UFCU Plaza 8303 N. MoPac Expy Central 246,869 1987 90.0% 27,187 $31.43 University Federal Credit
Union
University Park 3300 N. Interstate 35 Central 206,657 2009 58.1% 86,524 $35.45 Spear Street Capital GP
LLC
7700 Parmer Lane
– Building B
7700 Parmer Lane Far Northwest 350,000 1999 19,7% 281,000 $29.95 Spear Street Capital GP
LLC
7700 Parmer Lane
– Building C
7700 Parner Lane Far Northwest 282,000 1999 82.3% 98,000 $29.95 Spear Street Capital GP
LLC
Research Park
Plaza – Building IV
12301 Research Blvd Northwest 184,159 2001 98.4% 99,789 $35.00 Union Investment Real
Estate GmbH
Prominent Pointe I 8310 N. Capital of
Texas Hwy
Northwest 151,092 1986 88.6% 20,012 $36.84 DivcoWest
Two Barton
Skyway
1601 S. MoPac Expy South 195,639 2000 83.9% 40,399 $37.62 DRA Advisors, LLC
Note: Avail. SF includes direct and sublet space as well as any future available space listed.
Source: CoStar Property
2COLLIERS INTERNATIONAL | P.
VACANCY & AVAILABILITY
Austin’s citywide vacancy rate decreased
from 10.8% to 10.7% between quarters, and
dropped by 90 basis points annually from
11.6% in Q2 2013. Between quarters, the
average suburban vacancy rate remained at
10.6%, while the average CBD vacancy rate
decreased 70 basis points from 12.0% to
11.3%.
The average CBD Class A vacancy rate
decreased 140 basis points between
quarters from 17.4% to 16.0%, and the
average CBD Class B vacancy rate
decreased 20 basis points from 5.0% to
4.8%. The average suburban Class A
vacancy rate decreased 210 basis points
from 10.1% to 9.8% between quarters, and
the average suburban Class B vacancy rate
fell 310 basis points from 14.7% to 11.6%
between quarters. Absorption could have
been stronger, but Apple relocated from
Riata Park Court to their campus, freeing up
approximately 90,000 SF in Riata Corporate
Park Building 4.
Of the 1,161 existing office buildings in our
survey, 4 have 100,000 SF of contiguous
space available for lease or sublease.
Further, only 3 have 200,000 SF of
contiguous space available. Citywide,
available sublease space totals 576,226 SF
or 9.7% of Austin’s total office inventory.
ABSORPTION & DEMAND
Austin’s office market posted 85,600 SF of
positive net absorption in Q2 2014.
The Northwest Class A submarket posted the
largest gain, with 133,215 SF of positive net
absorption, followed by the CBD submarket,
posting 78,105 SF of positive net absorption
and the Central submarket, which posted
21,481 SF of positive net absorption.
Some of the larger tenants that moved into
new space during Q2 include: SolarWinds
(229,792 SF) moved into The Summit at
Latana Building 4 in the Southwest
submarket; C3 Presents (29,947 SF) moved
into 300 West Sixth Street, located in the
CBD submarket; and Loan Science (28,920
SF) moved into Burnet Gateway II in the
North submarket.
RENTAL RATES
The citywide average rental rate increased
slightly from $27.68 per SF to $27.77 per SF
over the quarter and increased 4.6% from
$26.53 per SF to $27.77 per SF over the
year. Average citywide Class A rents
increased from $39.76 to $40.94 and Class B
rents decreased from $30.71 to $29.39 over
the quarter.
The Class A average rental rate in the CBD
decreased 1.0% from $40.37 per SF to
$39.76 per SF between quarters, while the
suburban Class A average rental rate
increased 1.0% from $30.37 per SF to
$30.71 per SF. The average Class B rental
rate in the CBD rose 1.1%, while the average
suburban Class B rental rate increased 1.0%
between quarters.

3. RESEARCH & FORECAST REPORT | Q2 2014 | AUSTIN OFFICE MARKET
3COLLIERS INTERNATIONAL | P.
SALES ACTIVITY
Austin’s office investment sales activity included 13 sales transactions with a total sales volume of approximately $162.5 million,
averaging $297 per SF. Listed below are a few significant transactions that closed in Q2 2014.
LEASING ACTIVITY
Austin’s office leasing activity reached 1.2 million SF in Q2 2014 with transactions including renewals, expansions, subleases,
and pre-leases in buildings currently under construction.
1
Renewal
2
Expansion/Extension
3
Sublease
4
Pre-lease/proposed or under construction
Data Source: CoStar Property
BUILDING NAME/ADDRESS SUBMARKET SF TENANT LEASE DATE
MetCenterBusinessPark-Bldg10 Southeast 224,979 PharmaceuticalProductDevelopment
1
Jun-14
EncinoTrace Southeast 120,000 ARM HoldingsPLC May-14
Seaholm PowerPlantBuilding CBD 117,000 AthenaHealth,Inc. Apr-14
ColoradoTower CBD 73,843 ParsleyEnergy Apr-14
ProminentPointeII Northwest 62,752 Ixia
2
May-14
LavacaPlaza CBD 59,149 UniversityofTexas May-14
501Congress CBD 55,000 Dropbox Apr-14
311Bowie CBD 40,000 W holeFoods Jun-14
OneAmericanCenter CBD 34,000 W ework May-14
ColoradoTower CBD 24,141Atlassian Apr-14
CityView Center Southwest 15,927 CrossTexasTransmission,LLC May-14
W aterfordCentre North 12,050 TeleNetworkPartners Jun-14
Q2 2014 TOP OFFICE LEASE TRANSACTIONS
BUILDING NAM E SUBM ARKET SF YEAR BUILT BUYER SELLER
SALES
PRICE
$/SF CLOSED
TheAvallon Northwest 318,217 1992/2011 DivcoW estProperties HighbrookInvestmentMgmt $63.5M $200 Jan-14
ParkatAspenLake FarNorthwest 204,698 2008 FortisPropertyGroup CrimsonRealEstateFundLP $38.8M $190 Jan-14
ToweroftheHills FarNorthwest 169,886 1986 FortisPropertyGroup CrimsonRealEstateFundLP $32.2M $190 Jan-14
OverwatchCampus Southwest 164,700 2006 DrawbridgeRealtyTrust CBRE $42.5M $258 May-14
LasCimasIV Southwest 138,008 2008 GatewayShermanInc. KBS REIT III 43.2M $313 Feb-14
MiraVista Southwest 125,000 2001 ClarionPartners LionstoneGroup - - May-14
FourPointsCentre FarNorthwest 119,305 2007 DRA Advisors BrandywineRealtyTrust $41.5M $348 Apr-14
PlazaontheLake Southwest 118,745 1985 ClarionPartners GraniteProperties - - Jul-14
Q2 2014 SIGNIFICANT SALES TRANSACTIONS -(100,000 SF OR GREATER)

4. RESEARCH & FORECAST REPORT | Q2 2014 | AUSTIN OFFICE MARKET
AUSTIN OFFICE MARKET SUMMARY (CBD, SUBURBAN & OVERALL)
AUSTIN SUBURBAN OFFICE MARKET SUMMARY
COLLIERS INTERNATIONAL | P. 4
VACANCY
RENTAL
RATE
CLASS
# OF
BLDGS
TOTAL (SF) (SF) RATE (% ) (SF) RATE (% )
TOTAL
(SF)
Q2-2014 Q1-2014 Q2-2014 Q1-2014
AVG
($/SF)
CBD
A 20 5,338,588 808,646 15.1% 43,592 0.8% 852,238 16.0% 17.4% 78,105 -55,499 $39.76
B 55 3,041,226 148,535 4.9% 3,495 0.1% 152,030 5.0% 4.8% -5,097 33,080 $33.03
C 28 1,003,716 58,674 5.8% 0 0.0% 58,674 5.8% 6.1% 2,282 1,517 $22.72
Total 103 9,383,530 1,015,855 10.8% 47,087 0.5% 1,062,942 11.3% 12.0% 75,290 -20,902 $36.35
Suburban
A 185 22,451,653 2,023,330 9.0% 335,486 1.5% 2,358,816 10.5% 8.4% -1,821 191,056 $31.95
B 672 25,132,927 2,719,319 10.8% 190,820 0.8% 2,910,139 11.6% 14.7% 63,853 63,563 $19.71
C 200 6,231,566 418,215 6.7% 2,833 0.7% 421,048 6.8% 12.5% -51,699 55,906 $15.68
Total 1057 53,816,146 5,160,864 9.6% 529,139 1.0% 5,690,003 10.6% 11.9% 10,333 310,525 $24.58
Overall
A 205 27,790,241 2,831,976 10.2% 379,078 1.4% 3,211,054 11.6% 9.2% 76,284 135,557 $34.09
B 727 28,174,153 2,867,854 10.2% 194,315 0.7% 3,062,169 10.9% 14.5% 58,756 96,643 $20.39
C 228 7,235,282 476,889 6.6% 2,833 0.0% 479,722 6.6% 15.4% -49,417 57,423 $16.14
Total 1160 63,199,676 6,176,719 9.8% 576,226 0.9% 6,752,945 10.7% 11.9% 85,623 289,623 $26.52
INVENTORY DIRECT VACANCY SUBLEASE VACANCY VACANCY RATE (% ) NET ABSORPTION (SF)
VACANCY
RENTAL
RATE
CLASS
# OF
BLDGS
TOTAL (SF) (SF) RATE (% ) (SF) RATE (% )
TOTAL
(SF)
Q2-2014 Q1-2014 Q2-2014 Q1-2014
AVG
($/SF)
BastropCounty
A 1 35,000 4,000 11.4% 0 0.0% 4,000 11.4% 11.4% 0 0 $29.64
B 5 73,163 4,000 5.5% 0 0.0% 4,000 5.5% 5.5% 0 0 $3.84
C 1 12,740 0 0.0% 0 0.0% 0 0.0% 0.0% 0 0 $16.00
Total 7 120,903 8,000 6.6% 0 0.0% 8,000 6.6% 11.2% 0 0 $29.00
CedarPark
A 2 232,274 19,627 8.4% 0 0.0% 19,627 8.4% 8.4% 0 0
$22.95
B 18 461,013 23,287 5.1% 4,627 1.0% 27,914 6.1% 4.8% -5,572 5,140 $22.56
C 2 30,601 0 0.0% 0 0.0% 0 0.0% 0.0% 0 0
-
Total 22 723,888 42,914 5.9% 4627 0.6% 47,541 6.6% 8.5% -5,572 0 $10.98
Central
A 3 474,288 141,460 29.8% 0 0.0% 141,460 29.8% 34.4% 21,481 33,355 $31.64
B 46 2,183,448 255,427 11.7% 22,314 1.0% 277,741 12.7% 11.5% -26,887 25,566 $21.76
C 42 1,386,635 72,986 5.3% 0 0.0% 72,986 5.3% 4.9% -5,642 -123 $16.86
Total 91 4,044,371 469,873 11.6% 22,314 0.6% 492,187 12.2% 6.4% -11,048 58,798 $24.29
East
A 2 104,821 0 0.0% 0 0.0% 0 0.0% 0.0% 0 30,451 -
B 25 1,151,892 296,361 25.7% 0 0.0% 296,361 25.7% 26.4% 8,234 -1,139 $19.69
C 11 236,678 61,500 26.0% 0 0.0% 61,500 26.0% 26.0% 0 0 $20.28
Total 38 1,493,391 357,861 24.0% 0 0.0% 357,861 24.0% 8.9% 8,234 29,312 $22.47
FarNortheast
B 4 77,268 2,625 3.4% 0 0.0% 2,625 3.4% 2.6% -589 3,200 22,58
C 3 147,843 4,208 2.8% 0 0.0% 4,208 2.8% 2.8% 0 0 14,05
Total 7 225,111 6,833 3.0% 0 0.0% 6,833 3.0% 14.5% -589 3,200 $24.60
INVENTORY DIRECT VACANCY SUBLEASE VACANCY VACANCY RATE (% ) NET ABSORPTION (SF)

5. RESEARCH & FORECAST REPORT | Q2 2014 | AUSTIN OFFICE MARKET
AUSTIN SUBURBAN OFFICE MARKET SUMMARY - CONTINUED
5COLLIERS INTERNATIONAL | P.
VACANCY
RENTAL
RATE
CLASS
# OF
BLDGS
TOTAL (SF) (SF) RATE (% ) (SF) RATE (% )
TOTAL
(SF)
Q2-2014 Q1-2014 Q2-2014 Q1-2014
AVG
($/SF)
FarNorthw est
A 16 2,367,266 448,166 18.9% 4,004 0.2% 452,170 19.1% 18.9% -4,004 -172,617 $26.99
B 30 1,294,740 47,841 3.7% 1,600 0.1% 49,441 3.8% 4.6% 10,544 391 $19.45
C 5 91,076 6,550 7.2% 0 0.0% 6,550 7.2% 7.2% 0 -199 $21.32
Total 51 3,753,082 502,557 13.4% 5,604 0.1% 508,161 13.5% 15.6% 6,540 -172,425 $16.44
Georgetow n
B 11 543,367 800 0.1% 0 0.0% 800 0.1% 1.0% 4,500 0 $15.86
C 6 97,188 0 0.0% 0 0.0% 0 0.0% 0.0% 0 0 $18.87
Total 17 640,555 800 0.1% 0 0.0% 800 0.1% 10.1% 4,500 0 $29.95
HaysCounty
B 18 419,935 44,953 10.7% 0 0.0% 44,953 10.7% 12.8% 8,808 -4,269 $17.53
C 10 156,584 6,365 4.1% 0 0.0% 6,365 4.1% 4.1% 0 0 $16.83
Total 28 576,519 51,318 8.9% 0 0.0% 51,318 8.9% 11.1% 8,808 -4,269 $18.50
North
A 9 1,103,823 65,859 6.0% 45,756 4.1% 111,615 10.1% 9.8% -3,374 9,020 $28.46
B 49 3,070,759 274,534 8.9% 20,041 0.7% 294,575 9.6% 11.0% 41,895 -9,168 $21.95
C 12 304,968 59,483 19.5% 0 0.0% 59,483 19.5% 8.6% -33,152 25,445 $15.73
Total 70 4,479,550 399,876 8.9% 65,797 1.5% 465,673 10.4% 21.4% 5,369 25,297 $14.80
Northeast
A 4 503,753 23,577 4.7% 0 0.0% 23,577 4.7% 5.1% 1,869 -10,970 $20.54
B 33 1,731,662 284,987 16.5% 0 0.0% 284,987 16.5% 16.4% -582 1,488 $17.89
C 25 826,025 141,020 17.1% 0 0.0% 141,020 17.1% 15.1% -16,318 24,430 $12.84
Total 62 3,061,440 449,584 14.7% 0 0.0% 449,584 14.7% 5.5% -15,031 14,948 $26.81
Northw est
A 79 7,897,476 710,124 9.0% 57,661 0.7% 767,785 9.7% 11.4% 133,215 244,694 $31.43
B 150 5,466,445 491,508 9.0% 108,255 2.0% 599,763 11.0% 11.1% 5,673 -11,211 $24.49
C 16 1,324,085 8,700 0.7% 0 0.0% 8,700 0.7% 0.5% -1,516 1,356 $21.24
Total 245 14,688,006 1,210,332 8.2% 165,916 1.1% 608,463 4.1% 6.9% 137,372 6,272 $19.71
Round Rock
A 10 2,045,595 1,905 0.1% 1,905 0.1% 3,810 0.2% 0.1% -1,905 2,121 $25.58
B 36 960,370 114,422 11.9% 1,812 0.2% 116,234 12.1% 11.9% -1,806 6,330 $19.96
C 10 267,662 6,615 2.5% 0 0.0% 6,615 2.5% 2.5% 0 0 $16.40
Total 56 3,273,627 122,942 3.8% 3,717 0.1% 126,659 3.9% 21.9% -3,711 -20,114 $18.98
South
A 21 2,744,319 188,256 6.9% 112,855 4.1% 301,111 11.0% 9.6% -38,265 56,896 $33.68
B 43 1,546,686 66,298 4.3% 1,524 0.1% 67,822 4.4% 4.2% -2,157 9,466 $24.26
C 21 606,402 15,507 2.6% 2,833 0.5% 18,340 3.0% 2.8% -1,571 2,883 $21.62
Total 85 4,897,407 270,061 5.5% 117,212 2.4% 387,273 7.9% 17.1% -41,993 69,245 $23.83
Southeast
B 22 1,775,570 559,178 31.5% 0 0.0% 559,178 31.5% 31.8% 4,929 -10,524 $22.76
C 9 280,146 25,737 9.2% 0 0.0% 25,737 9.2% 10.0% 2,147 0 $15.47
Total 31 2,055,716 584,915 28.5% 0 0.0% 584,915 28.5% 20.7% 7,076 -10,524 $16.59
Southw est
A 35 4,474,035 401,554 9.0% 86,150 1.9% 487,704 10.9% 8.8% -92,569 -18,389 $31.03
B 167 4,046,818 232,243 5.7% 29,912 0.7% 262,155 6.5% 6.4% -1,394 49,080 $25.04
C 23 379,437 9,544 2.5% 0 0.0% 9,544 2.5% 2.9% 1,542 2,114 $23.36
Total 225 8,900,290 643,341 7.2% 116,062 1.3% 759,403 8.5% 14.3% -92,421 32,805 $20.67
W estCentral
A 3 469,003 18,802 4.0% 27,155 5.8% 45,957 9.8% 5.9% -18,269 16,495 $36.75
B 15 329,791 20,855 6.3% 735 0.2% 21,590 6.5% 12.1% 18,257 -787 $30.44
C 4 83,496 0 0.0% 0 0.0% 0 0.0% 3.4% 2,811 0 $21.00
Total 22 882,290 39,657 4.5% 27,890 3.2% 21,590 2.4% 23.3% 2,799 15,708 $16.12
INVENTORY DIRECT VACANCY SUBLEASE VACANCY VACANCY RATE (% ) NET ABSORPTION (SF)

6. RESEARCH & FORECAST REPORT | Q2 2014 | AUSTIN OFFICE MARKET
COLLIERS INTERNATIONAL | P. 6
Data Source: CoStar Property
Q2 2014 OFFICE UNDER CONSTRUCTION – 10,000 SF OR GREATER
Q2 2014 OFFICE DELIVERIES – 30,000 SF OR GREATER
SUBMARKET BUILDING ADDRESS RBA
%
LEASED DEVELOPER
ESTIMATED
DELIVERY
DATE
CBD 303 Colorado Street 371,348 49.4% Cousins Sep-14
Southw est 3700 N CapitalofTexas Highw ay 249,870 38.1% HPIRealEstate Services & Investm ents M ay-15
North 11501Alterra Parkw ay 221,973 0.0% EndeavorRealEstate Group Sep-14
Southw est 320 CapitalofTexas Highw ay 217,490 0.0% Riverside Resources Apr-15
CBD 500 W .5th Street 195,378 50.3% EndeavorRealEstate Group Sep-14
Southw est 5707 Southw estParkw ay 160,935 75.2% Brandyw ine Realty Trust Jun-15
Southw est 5707 Southw estParkw ay 160,935 62.7% Brandyw ine Realty Trust Jun-15
Southw est 2500 Bee Caves Road 145,437 0.0% EndeavorRealEstate Group M ay-15
North 11800 Dom ain Blvd 143,331 80.0% EndeavorRealEstate Group Sep-14
Northw est 6500 N CapitalofTexas Highw ay 115,000 0.0% EndeavorRealEstate Group Oct-14
Northw est 6500 N CapitalofTexas Highw ay 115,000 0.0% EndeavorRealEstate Group Oct-14
Southw est 2500 Bee Caves Road 69,150 20.5% EndeavorRealEstate Group M ay-15
CBD 311Bow ie Street 40,985 100.0% EndeavorRealEstate Group Sep-14
Southw est 6838 Bee Caves Road 40,000 100.0% Equitable Com m ercialRealty Sep-14
Southw est 7710 Rialto Blvd 35,000 77.1% Barton Com m ercial Sep-14
Southw est 7710 Rialto Blvd 27,637 0.0% Barton Com m ercial Sep-14
Round Rock 411W M ain Street 26,563 0.0% Unknow n M ay-15
CBD 500 W CesarChavez Street 24,000 0.0%
Tram m elCrow /The Hanover
Com pany/Pacific Life Insurance Com pany
Oct-15
CedarPark 1785 W hitestone Blvd 16,000 0.0% Unknow n Aug-14
Northw est 10815 Ranch Road 2222 15,340 0.0% Equitable Com m ercialRealty Jul-14
Southw est 5920 W illiam Cannon Drive 14,868 0.0% Equitable Com m ercialRealty Jul-14
Round Rock 7201W yom ing Springs Drive 12,000 33.3% Healthcare RealEstate Services Jul-14
CedarPark ElSalido Pky & FM 620 10,500 79.1% Antenora Architects LLP Sep-14
SUBM ARKET BUILDING ADDRESS RBA
%
LEASED OW NER DELIVERED
Northw est 5205 Riata Park Ct 88,000 100.00% SpearStreetCapital M ar-14
CedarPark 1401M edicalPky 86,000 15.40% J Jacobs Construction Jun-14
FarNorthw est 11714 W ilson Parke Ave 44,020 72.70% Kem p Properties M ay-14
Southw est 6838 Bee Caves Rd 40,000 58.00% Equitable Com m ercialProperty Jul-14
Northw est 6611RiverPlace Blvd 36,000 93.00% OnairDevelopm ent M ar-14
FarNortheast 14008 Shadow glen Blvd 36,000 91.10% Arise CapitalInvestm ents Jul-14
East 2021E 5th St 30,451 100.00% EndeavorRealEstate Group Jan-14

7. RESEARCH & FORECAST REPORT | Q2 2014 | AUSTIN OFFICE MARKET
Accelerating success.
BRITTANY OFIELD
Research and Marketing Coordinator | Houston
1233 W. Loop South, Suite 900
Houston, Texas 77027
Direct +1 713 830 2120
brittany.ofield@colliers.com
LISA R. BRIDGES
Director of Market Research | Houston
1233 W. Loop South, Suite 900
Houston, Texas 77027
Direct +1 713 830 2125
lisa.bridges@colliers.com
The Colliers Advantage
Enterprising Culture
Colliers International is a leader in global real estate services,
defined by our spirit of enterprise. Through a culture of service
excellence and a shared sense of initiative, we integrate the
resources of real estate specialists worldwide to accelerate the
success of our partners.
When you choose to work with Colliers, you choose to work
with the best. In addition to being highly skilled experts in their
field, our people are passionate about what they do. And they
know we are invested in their success just as much as we are
in our clients’ success.
This is evident throughout our platform—from Colliers University, our proprietary education and professional development platform, to our
client engagement strategy that encourages cross-functional service integration, to our culture of caring.
We connect through a shared set of values that shape a collaborative environment throughout our organization that is unsurpassed in the
industry. That’s why we attract top recruits and have one of the highest retention rates in the industry. Colliers International has also been
recognized as one of the “best places to work” by top business organizations in many of our markets across the globe.
Colliers International offers a comprehensive portfolio of real estate services to occupiers, owners and investors on a local, regional, national
and international basis.
*Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed.
COLLIERS INTERNATIONAL | P. 7