Austin continues to exhibit some of the strongest job growth numbers in the country with record corporate relocations and expansions in the past year, say local developers. In fact, one of those developers, Cousins Properties, is set to begin development on Domain 9, a 335,000-square-foot office building in Austin, during the quarter.
“Since our entry into the Domain submarket of Austin in 2019, demand for class-A office space from fast-growing high-credit customers has only grown,” said Colin Connolly, president and chief executive officer of Cousins Properties. “Commencing development of Domain 9 gives us the opportunity to continue to capture this demand. Our existing 2.1 million-square-foot Domain portfolio is 98 percent leased, and we have the ability to develop an additional 1.7 million square feet including Domain 9 in the heart of the submarket.”
The total project cost is anticipated to be approximately $147 million with delivery slated for mid-2023.
“We are confident that Domain 9 will attract high-quality customers who are looking to grow in Austin and who value the unique combination of outdoor space and unrivaled amenities that the Domain offers,” said Tim Hendricks, senior vice president and managing director of Cousins' Austin office.
Lisa Brown has more than 30 years of experience in corporate communications and marketing management with organizations including Grubb & Ellis, Marcus & Millichap and NAIOP.
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