North Austin’s mix of retail and residential spaces make it a great location for business that want to provide its employees with a comfortable work-life balance. This region north of Hwy 183 is bounded by accessible highways – Mopac on the west and I-35 on the east.
Newly developed The Domainhas been important in contributing to the large of number living, shopping, and working spaces. Located at MoPac (Loop 1) and Braker, this mixed-use space offers locals with high-end fashion stores like Neiman Marcus. Several businesses have set up offices in this development, which is scheduled to complete construction in 2012.
Not far from The Domain, you can find affordable homes in several of Austin’s neighborhoods – Crestview, Allendale, and Scofield Farms. These neighborhoods make living in Austin easy since the surrounding highways are easily accessible, making commuting to downtown Austin or Round Rock simple.
If you’re looking for accessibility to central Austin but need more space than the metropolitan area offers, try looking in North Austin. The area includes plenty of industrial real estate with 19 million SF of space and about 650 buildings, most of which is warehouse space. Average leasing prices are just under $7 SF.
Several retail strip mall centers and the new Domain contribute the total of 400 retail buildings with 6.3 million SF in rentable space. Expect average leasing prices of $15 SF.
Additionally, there is a fair amount of North Austin office space – 140 buildings with just over 5 million SF of rentable space. Leasing rates range from $17 to $21 SF depending on class.
Area and Community Info
Like many other parts of the city, spaces in North Austin continue to adapt to the growing city. Austin Community College is in the process of purchasing the property at Highland Mall to support its expansion goals.
Also, businesses are reinventing retail space along Burnet Road to keep the hip vibe of the area. New businesses like the farmers market can be found alongside old favorites like Trudy’s Tex-Mex Restaurant, Amy’s Ice Cream, and fun thrift stores.
The median home price in the North Austin area is $166,000.