Not to be confused with Westlake Texas, a city that is home to many of Texas’ corporate headquarters like Charles Schwab, Westlake Hills is a separate Austin suburb. In Westlake Hills, the tourist crowds that fill Austin’s hipster’s streets fade away to a practical, charming suburban area that bears the marks of late twentieth century industrialization. Similar to its nominally similar city, Westlake Hills is also home to a wealth of tech giants and corporate headquarters.
Located on the south side of the Colorado River, Westlake Hills is northwest of Downtown Austin. The district is composed of a few smaller neighborhoods, including: Laurel Brook, Bee Creek Terrace, Winding Estate, and the Cliff of Ghost Canyon — to name a few.
Westlake Hills Office Space | Lease Data & Trends
Commercial real estate rents in Westlake Hills offer employers financial benefits: there’s a greater supply of commercial office space, for better prices, compared to the low-vacancy, and pricey Austin central business district.
The current overall asking rent for office space in an Austin suburb like Westlake Hills is around $34 per square foot, compared to the city’s average of roughly $36 per square foot. Class A office space in Austin’s suburbs averages $39 a square foot, and Class B office space rents for closer to $29 a square foot. Most commercial office space in Westlake Hills is situated in private, plaza park loops that boast stunning country views of Austin’s surrounding areas.
While Downtown Austin is home to start-ups and new companies, Westlake Hills serves as the city’s home to large-scale tech companies that want corporate campuses and more isolated headquarters. Located near Highway 360, you’ll find a wealth of tech and healthcare companies that occupy commercial office space in Westlake Hills, including: PeopleAdmin, Epicor Software, Cognitive Technologies, ANSYS, Inc., Iflexion, and Asure Software.
What Our Brokers Say About Westlake Hills Office Space
Many of the corporate office spaces in Westlake Hills are easily accessible to employees traveling from all across the city. Highway 360 and the 183 Freeway form a tech corridor that ushers Austin residents from home to work efficiently. The convenient transportation, stunning hillside views, and density of venture capitalist neighbors make Westlake Hills a lucrative neighborhood for commercial tenants.
In addition to sharing a community with tech giants like TEKVOX, Inc., NSS Labs, and Cognitive Technologies Inc., the Westlake Hills neighborhoods provides tenants with proximity to a variety of housing and entertainment options. For those transferring to a new company office, employers can assure transfers that they’ll find housing and amenities in their new town with ease.
The commercial real estate in Westlake Hills is vast. Largely made up of plazas and business parks, Westlake Hills offers square footage large enough to house companies of 50-200 people. Though the office space may seem austere from the exterior, inside the Westlake Hills offices you’ll find modern, Class-A amenities.
Asure, a large digital software company headquartered along the Capital of Texas Highway, has an office that models commercial real estate opportunities in the area. The large, pre-fab office plazas are blank canvases for tech giants. When Asure moved into the new Westlake Hills space south of Pennybacker Bridge, the company transformed an empty office space into a stylish, open-concept design that has all the modern amenities of a hip, well-backed start-up in trendy East Austin.
In Westlake Hills, corporate campuses transform sterile office space into flexible designs that feature collaboration breakout areas, outdoor patios, lounges, training facilities, and well-stocked kitchens. If you’re searching for an expansive corporate space, or you’re eager to secure a low cost lease and spend a modest amount of money on a tenant improvement project, talk with our brokers to learn about available office space in Westlake Hills.
Getting Around Westlake Hills
Commuting to and from Westlake Hills is a breeze for executives and corporate officials that live around Austin. A ten minute drive from Downtown, commuters can take Highway 360 and the 183 Freeway to access Westlake Hills. Bee Cave Road is another popular place for commercial office space. Fortunately, a convenient exit off of the South Capital of Texas Highway ushers commuters straight to this thoroughfare of tech offices.
Though public transportation options are more sparse in comparison to Downtown Austin, there are is becoming more and more developed. It’s getting easier for professionals to live nearby corporate workplaces, as developers are pouring investment into the region. Coffee shop culture, hillside trails, and flexible co-working spaces are elevating Westlake Hills to a new, popular area.
Westlake Hills Neighborhood & History
Once a slumbering residential area, Westlake Hills experienced a major commercial real estate boom in the past few decades. As Austin’s third most affluent suburb, and the state’s 16th most affluent area, Westlake Hills is well-poised to house venture capital firms and tech giants.
The Austin suburb is an easy sell for companies that are looking to establish new corporate hubs. For prospective employees, the area along the south shore of the Colorado River boasts beautiful hillside views, easy city access to Downtown Austin, and highly-ranked schools. Lauded as one of the best places in Texas to start a business, Westlake Hills should appeal to younger, smaller tech firms too. The town is prospering as a side-effect of the tech industry’s growth in the broader area, and hip, Austin staples, like coffee-culture are starting to infiltrate the area. Popular local spots include: Kerbey Lane Cafe, The Grove, Blue Dahlia Bistro.