Vacant lot just outside Central Business District could be home to new office building
The new office is being planned at a time when Austin's office vacancy rate is elevated — hitting 26% metrowide, according to commercial real estate firm CBRE — and the pipeline of new office development is below one million square feet for the first time in over a decade.
The new office is being planned at a time when Austin's office vacancy rate is elevated — hitting 26% metrowide, according to commercial real estate firm CBRE — and the pipeline of new office development is below one million square feet for the first time in over a decade.
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