Office Space News
Austin Executive Suites Opens Doors in Urban Core
Published July 10th, 2009 by Jennifer LeClaire
If you live and work in the Austin area, you just got one more option for new office space in the urban core. Commercial real estate firm T. Stacey & Associates opened the doors to an executive office suites project in Downtown Austin.
Austin Executive Suites is located in the Austin Centre adjoining the Omni Austin Hotel Downtown, just steps away from the Texas State Capitol in the center of the Capitol Complex District. This is a prime location for professionals looking to network with some of Austin’s top businessmen.
Austin Centre Executive Suites officially opened in June 2009, but the word is beginning to spread about in the southwestern city. The project offers 80 fully-furnished offices, complete with new mahogany desks, an elegant lobby and reception area with hardwood floors, a finely appointed waiting area, and three kitchen areas.
Austin Centre Executive Suites’ state-of-the-art board room seats 18 people and can accommodate audio visual presentations on a large high definition 58-inch flat screen television. There are also four conference rooms in the new project, which takes up the fifth floor of the Austin Centre office building.
You can take a virtual tour on the company’s Web site. The developers did a fantastic job giving us a glimpse of what they have to offer. Some offices even overlook the state capitol building. This is a top-notch environment for professionals of all kinds in a Class A building in Austin.
What’s it going to cost you? Leases start at $595 a month for serviced office space that averages about 150 square feet. But it’s well worth it to house your office in this type of environment. If you want to impress your clients, Austin Centre Executive Suites will do that and more.
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Bill Brookshire July 10th, 2009 at 11:25 am
Austin is a great city. This looks to be another class A serviced office space. I’d love to have an office overlooking a capitol building. Austin’s capitol is beautiful. Austin Executive Suites is definitely going to win the hearts and minds of lawyers and accountants who want to be in a prime position.
Melanie Jones July 10th, 2009 at 11:30 am
$600 for an office in a building like that is peanuts. I know the office market is down in general and cities like Austin are feeling the pinch. But if you are in the market for a serviced office space in Austin this is really a very attractive offering from every angle. Sure, the office space is small compared to what traditional office space offers in that same building, but it’s a great environment.
Rob Zeus July 10th, 2009 at 11:36 am
I read something about another serviced office provider being in that same space before. I would have to guess that means this Austin Executive Suites project is hardly an automatic success. I agree that it’s a high class building and a great place to say you go to the office every day, but I am not sure the market can absorb this space right now.
Maggie Correta July 10th, 2009 at 11:53 am
Is this the same developer that developed the entire building? Or is this just a developer who’s taking a floor and outfitting it for serviced office space? That would be good to know. If it’s an outside developer, they are taking a risk. If it’s just the developer of the building, they’re clearly looking for a way to appeal to more office renters. Executive office suites are a good way to diversify.
Elizabeth Sanchez July 10th, 2009 at 11:55 am
By offering 80 offices on one floor, the developer is maximizing the space and driving additional revenue. Sure, the serviced office spaces are much cheaper, but there’s so many more of them that they can pull it off. I don’t see it as a great risk overall. I think this developer is probably pretty savvy and has done their homework.