~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
Q3 2026 Daily Averages Shown
165442
Total Pedestrian Count
113575
Out-of-Market Visitors
38336
Inbound Commuters
13531
Resident Pedestrian Count
Source: Placer.ai; Downtown Austin Alliance, Q3 2026
Downtown Development
Q3 2026 Data Shown
2
Recently Completed Projects (2026)
4
Projects Under Construction
21
Planned & Proposed Projects
1935119
Recently Completed Square Feet (2026)
1253201
Square Feet Under Construction
10260854
Planned & Proposed Square Feet
Source: Downtown Austin Alliance, October 2026
Office Market
Q3 2026 Data Shown
22.0
Overall Average Vacancy Rate
60.12
Overall Average Asking Rate
19.0
"Trophy Asset" Average Vacancy Rate
64.01
"Trophy Asset" Average Asking Rate
Source: CoStar, Downtown Austin Alliance, Q3 2026
*Note: “Trophy Asset” Class determined by analyzing properties that were completed after 2010 and under active construction
Residential Market
Q3 2026 Data Shown
3.92
Average Asking Rent Per Square Foot
2.7
Year-Over-Year Asking Rent Growth
85.9
Occupancy Rate
8.4
Effective Rent Concessions
Source: CoStar; Downtown Austin Alliance, Q3 2026
Hospitality & Tourism
Q3 2026 Data Shown
14708672
ABIA Passenger Count, January 2026 to Aug 2026
4.04
ABIA Passenger Count Year-Over-Year Change, January 2026 to Aug 2026
217.78
Downtown Hotel Average Daily Rate (ADR)
63.9
Downtown Hotel Occupancy
Source: City of Austin; CoStar; Downtown Austin Alliance, Q3 2026
Austin Event Attendees
305000
SXSW 2026 Total Participants (Estimate)
467000
F1 2026 Attendees (Estimate)
450000
ACL Fest 2026 Attendees (Estimate)
Source: South by Southwest 2026 Estimated Attendance (Media Sources), F1 2026 Estimated Attendance (Media Sources), Austin City Limits 2026 Estimated Attendance (Media Sources)
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⟶