Austin saw nearly one million square feet of office space leased in 2025, with a significant portion of this activity centered around the Domain area. Nvidia secured the largest lease of the year, taking almost 100,000 square feet at One Uptown, located at 11515 Burnet Road. This building is part of Uptown ATX, a mixed-use development promoted as “Austin’s second downtown.” Nvidia already maintains two smaller leases in Austin and it remains uncertain whether the new lease will lead to consolidation.
Other major leases included Apple renewing its entire building at Riata Corporate Park, which precedes the opening of its Northwest Austin campus. The company employs close to 10,000 people locally and expects further workforce growth across Texas following CEO Tim Cook’s commitment to increase investment in U.S. manufacturing.
BigCommerce took over space previously occupied by Expedia at Domain 11, while Spectrum renewed its lease for more than 40,000 square feet at Point 2 near the Domain. Additional renewals came from companies such as Fresenius Medical Care, NinjaOne, BasePower, SonarSource, and Bazaarvoice.
Vacancy rates citywide edged up slightly to 22.6 percent in the third quarter of 2025 compared to last year. In contrast, vacancy in the Domain was notably lower at 13.3 percent due to strong demand from technology firms. Despite this demand, many tech, insurance, and healthcare companies are placing large amounts of sublease space back on the market. At the end of the third quarter there were just under four million square feet available for sublease—a figure that has declined by 14 percent from last year.
The Office of the Texas Governor also renewed its downtown lease and initiated $2.6 million in renovations funded federally; however, this renewal had minimal impact on high vacancy rates downtown.
The trend shows that while certain districts like the Domain benefit from continued tech sector interest and leasing activity, other parts of Austin continue to face elevated vacancy levels and substantial sublease inventory.
