Northeast Austin is evidence that the city is alive and growing. Located just east of Interstate 35, this part of town represents Austin’s rejuvenated neighborhoods and its avant-garde culture.
Part of why locals associate Austin’s east side with art and culture is its numerous art studios. In fact, once a year you can attend the East Austin Studio tour to see local artists in their element.
Additionally, the urban renewal of the area has brought many young people to this new social hotspot.
At the site of Austin’s old airport near 51st Street, the Mueller development began in 2007 and construction still continues. As part of this extensive plan, Austin will have new living, retail space, and Austin commercial real estate spaces.
In this area you can find already completed the Dell Children’s Hospital, a friendly residential community at the Mosaic, and a mall shopping center with nation-wide retailers.
Here you can find plenty of warehouse space with its 266 buildings and nearly 13 million SF of space. If leasing price is a major factor, you may want to consider industrial space in this region as average leasing prices are just over $6 SF. That’s slightly below the market’s average.
Overall, there is more than 3 million SF of Northeast Austin office space within 90 buildings. Much of the area’s office space includes class B and C buildings with average leasing prices $17 and $15 SF respectively. Class A space is more limited than other regions of the city with leasing prices of about $17 SF.
Compared to surrounding areas of Austin, you’ll find less retail space here – 2.7 million SF of rentable building area within 140 buildings. Expect average leasing prices of about $16.
Area and Community Info
Being in the Northeast region of Austin brings along many perks. Here you are within excellent proximity to Downtown, The University of Texas, Lady Bird Lake, and Austin-Bergstrom International Airport.
While living in this part of town offers affordable options for housing, the revitalization of the area has caused some home prices to rise. Neighborhoods like Mueller and French Place have become sought after locations. The median sales price of homes in Northeast Austin is about $136,000.