Southeast Austin - Market Area Profile

Overview
Located south of Downtown just east of Interstate 35, Southeast Austin is a more rural feeling part of town that has plenty of space.  Southeast Austin is home to the Austin-Bergstrom International Airport, which features many local restaurants such as the Salt Lick, Maudies, and Amy's Ice Cream.

 

Southeast Austin also has many natural spaces like McKinney Falls State Park and the Colorado River Greenbelt that allow locals to experience seemingly undisturbed frontiers of Texas.

 

Austinites can also enjoy outdoor spaces among the several municipal golf courses in Southeast Austin and can go for a run or bike ride along the eastern part of the Lady Bird Lake Trail.

 

Area Profile
If you need a lot of Austin warehouse space, you may want to consider properties in Southeast Austin. With many new spaces under construction, the 14 million SF of warehouse and flex space is growing. There are nearly 300 buildings in the area and the average leasing rate is just over $6 SF.

 

In this region you’ll also find 250 Austin retail spaces making up 2.8 million SF of Austin retail space. Expect an average leasing price of $14.48 SF. The office market in the area consists of about 70 buildings, most of which are class B and C properties. The average leasing price is lower than other parts of Austin at about $17 SF. Expect about $20 SF for class A, $17 SF for class B, and $16 SF for class C office spaces.

 

Area and Community Info
One of the ways Southeast Austin is helping the city expand is through the new development of the Circuit of the Americas, a Formula One race track set to open in 2012. This facility is expected to benefit the city’s economy by providing year round space for business, education, and entertainment purposes. In Southeast Austin, the real estate for homes varies.

 

You can find single family homes in neighborhoods like Onion Creek, Del Valle, and Montropolis; yet, there is plenty of apartment living around east Riverside where many college students are housed.

 

Housing prices in the area are lower than most parts of the city with median home prices around $117,000.