~132,000
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
Q2 2026 Daily Averages Shown
163291
Total Pedestrian Count
111808
Out-of-Market Visitors
37885
Inbound Commuters
13598
Resident Pedestrian Count
Source: Placer.ai; Downtown Austin Alliance, Q2 2026
Downtown Development
Q2 2026 Data Shown
13
Recently Completed Projects (2024 & 2025)
7
Projects Under Construction
21
Planned & Proposed Projects
5052770
Recently Completed Square Feet (2024 & 2025)
3188320
Square Feet Under Construction
9456177
Planned & Proposed Square Feet
Source: Downtown Austin Alliance, July 2026
Office Market
Q2 2026 Data Shown
20.7
Overall Average Vacancy Rate
60.14
Overall Average Asking Rate
15.1
"Trophy Asset" Average Vacancy Rate
63.4
"Trophy Asset" Average Asking Rate
Source: CoStar, Downtown Austin Alliance, Q2 2026
*Note: “Trophy Asset” Class determined by analyzing properties that were completed after 2010 and under active construction
Residential Market
Q2 2026 Data Shown
3.73
Average Asking Rent Per Square Foot
1.4
Year-Over-Year Asking Rent Growth
89.1
Occupancy Rate
7.4
Effective Rent Concessions
Source: CoStar; Downtown Austin Alliance, Q2 2026
Hospitality & Tourism
Q2 2026 Data Shown
8314687
ABIA Passenger Count, January 2026 to May 2026
4.62
ABIA Passenger Count Year-Over-Year Change, January 2026 to May 2026
260.50
Downtown Hotel Average Daily Rate (ADR)
69.0
Downtown Hotel Occupancy
Source: City of Austin; CoStar; Downtown Austin Alliance, Q2 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 | September Econ Dev Update
Downtown Austin is entering a busy season of growth and investment. From major developments and new business activity to infrastructure improvements and long-term planning, here’s what’s shaping downtown’s economic future this September: 1. Downtown Developments to Watch Waterline is officially complete and...
Learn More⟶Downtown 7 in 7 | July Econ Dev Update
Downtown Austin continues to show encouraging signs of momentum, with new investment, steady development activity and positive market indicators pointing toward a strong urban core. From notable property transactions to upcoming opportunities for the commercial real estate community, here’s what...
Learn More⟶Downtown 7 in 7 | June 2026 Econ Dev Update
Downtown Austin continues to build on its momentum, with major public investments, a robust development pipeline and new leadership helping shape the city’s future. Explore downtown’s latest projects, market activity, policy updates and the investments that continue to reinforce confidence...
Learn More⟶