~133,000
Downtown Employees
Where energy meets opportunity.
Downtown Austin offers an unmatched blend of culture, connectivity and commerce — making it the ideal place to launch, grow, or relocate a business. With access to top talent, world-class amenities, and a dynamic mix of residents, workers, and visitors, downtown provides the visibility, vibrancy, and infrastructure businesses need to thrive. Whether you’re a startup, retailer, or global firm, downtown is where energy meets opportunity.
Interested in joining the vibrancy of our downtown?
Why Downtown Austin?
Downtown Demographics
Data Updated Yearly
41
Median Age
161,023
Median Household Income
79.5
Residents with a Bachelor's Degree or Higher
236,396
Median Resident Net Worth
Source: US Census ACS 5-Year Survey, 2024 Estimates
Pedestrian Counts
Q1 2026 Daily Averages Shown
158265
Total Pedestrian Count
106649
Out-of-Market Visitors
38474
Inbound Commuters
13142
Resident Pedestrian Count
Source: Placer.ai; Downtown Austin Alliance, Q1 2026
Downtown Development
Q1 2026 Data Shown
13
Recently Completed Projects (2024 & 2025)
6
Projects Under Construction
21
Planned & Proposed Projects
5052770
Recently Completed Square Feet (2024 & 2025)
2944293
Square Feet Under Construction
8219214
Planned & Proposed Square Feet
Source: Downtown Austin Alliance, March 2026
Office Market
Q1 2026 Data Shown
20.6
Overall Average Vacancy Rate
60.41
Overall Average Asking Rate
23.8
"Trophy Asset" Average Vacancy Rate
61.60
"Trophy Asset" Average Asking Rate
Source: CoStar, Downtown Austin Alliance, Q1 2026
*Note: “Trophy Asset” Class determined by analyzing properties that were completed after 2010 and under active construction
Residential Market
Q1 2026 Data Shown
3.64
Average Asking Rent Per Square Foot
-0.1
Year-Over-Year Asking Rent Growth
87.2
Occupancy Rate
1.8
Market Concessions
Source: CoStar; Downtown Austin Alliance, Q1 2026
Hospitality & Tourism
Q1 2026 Data Shown
19778360
ABIA Passenger Count, January 2025 to November 2025
-0.79
ABIA Passenger Count Year-Over-Year Change, January 2025 to October 2025
238.46
12 Month Downtown Hotel Average Daily Rate (ADR)
63.0
12 Month Downtown Hotel Occupancy
Source: City of Austin; CoStar; Downtown Austin Alliance, Q1 2026
Austin Event Attendees
512722
SXSW 2024 Total Participants
440000
F1 2024 Attendees (Estimate)
450000
ACL Fest 2024 Attendees (Estimate)
Source: South by Southwest 2024 Economic Impact Report, F1 2024 Estimated Attendance (Media Sources), Austin City Limits 2024 Economic Analysis
Downtown Economic Development News
Downtown 7 in 7 | May 2026 Econ Dev Update
As Downtown Austin continues to evolve into a more mixed-use, experience-driven urban center, staying connected to real-time market dynamics is more important than ever. This monthly update is designed to keep you informed, bring you key updates and share the...
Learn More⟶Austin Economic Development Opportunities
Austin and Downtown Austin are national leaders in growth and economic development. See what opportunities are available to you as a business or company looking to expand your reach in Central Texas. Contact us at economicdevelopment@downtownaustin.com with any questions you...
Learn More⟶