Barton Creek Office Space for Rent
Barton Creek, a census-designated place, is a neighborhood in Travis County, Texas, located about ten miles from Downtown Austin. Barton Creek is a destination resort where luxury and leisure combine into a sanctuary near the state capitol. Piney Point Village is the only Austin suburb more affluent than Barton Creek. In fact, the median property value in Barton Creek is $921,100, and the average annual income is $150,170.
Professional, scientific, educational services, and finance & insurance are the most prominent industries in Barton Creek. Other prominent, lucrative industries include admin, support, and waste management services; educational services; and real estate.
Barton Creek Office Space | Lease Data & Trends
When it comes to commercial real estate data, Barton Creek is considered part of the suburban submarket northwest of Austin’s downtown core. This area boasts more than 15.3 million square feet of commercial real estate, but, of course, only some of it is located in Barton Creek. About 10% of these spaces are available to new renters.
Overall, space in Northwest Austin costs about $35 per square foot to rent, which is much lower than the approximate $56 per square foot average in Downtown Austin. Just over half of the office spaces in Northwest Austin are considered Class A properties. The Class A spaces here have a 9% vacancy rate and cost around $40 per square foot to rent. The class B spaces in Northwest Austin have a 12% vacancy rate and cost an average of $31 per square foot to rent.
What Our Brokers Say About Barton Creek Office Space
Located in Travis County, Barton Creek is bordered by Austin and Lost Creek. Getting around by car is popular here, just like it is in many areas around Houston. The average Barton Creek household owns two cars, and the average commute time is 16.6 minutes. Main highway MoPac cuts right through the neighborhood. Barton Creek also has some public transportation options.
Austin’s Capital Metro Bus System, or CapMetro, provides service to several popular areas in Barton Creek such as the Barton Creek Greenbelt and Barton Creek Square Mall. Overall, Austin is fairly pedestrian-friendly. Those who need to travel elsewhere in the state or country can use the Austin-Bergstrom International Airport, which is a convenient 20-minute drive away.
One of the most important centers for business and commerce is Barton Creek Square, an enclosed shopping mall that houses more than 180 retailers and anchor stores such as The Apple Store, Coach, Sephora, and Lululemon. Barton Creek Square, which is located near the intersection of Texas State Highway Loop 1 and Texas State Highway Loop 360, is great news for those who like to shop and even better news for those looking for somewhere convenient and lucrative to do business.
Another important business in the area is the Omni Barton Creek Resort & Spa. Developers are currently halfway through a $150-million project to add a 180-room guest tower, increasing the resort’s total number of guest rooms to 493. The project will also involve the addition of new dining choices, a conference center, ballroom, outdoor pavilion, tennis courts, and spa. “Upon completion, Omni Barton Creek bill be a mecca for relaxation, golf, culinary and meeting and event experiences,” Peter Strebel, president of Dallas-based Omni Hotels & Resorts, said in a written statement.
Speaking of dining and hotel options, Barton Creek offers plenty of those for visitors, residents, and businesses. To get out of the office for lunch or get some dinner once the workday is done, check out Villa Fresh Italian Kitchen, Nordstrom, Abuelo’s, California Pizza Kitchen, or Rudy’s Country Store & Bar-B-Q. Besides the Omni Barton Creek Resort & Spa, some other hotel options in the area include Hotel Granduca Austin, La Quinta Inn and Suites Austin Southwest at Mopac, and Hampton Inn Austin/Oak Hill.
One of the best things about Barton Creek is its location. While it includes plenty of amenities of its own, it’s also very close to bustling Downtown Houston. Also, Barton Creek is beautiful and provides abundant opportunities for outdoor activities. Nature enthusiasts will love the adjacent Barton Creek Greenbelt, nicknamed simply “the Greenbelt.” The Greenbelt, which stretches from Zilker Park to a subdivision in South Austin and ends near the Violet Crown Trail, offers 12.68 miles of hiking trails. Visitors can also enjoy mountain biking trails, rock climbing, and swimming.
Barton Creek Neighborhood History
In the seventeenth and eighteenth centuries, Tonkawa and Comanche Indians lived in the Barton Creek region. Settler William Barton named the Barton Creek Greenbelt in 1837. He built his house near a spring that year. Explorers began to notice how beautiful the area was, and soon, developers started plotting to build homes and apartments.
The actual community of Barton Creek was born in 1974 when Ben Barnes and John Connally purchased property in the area. The country club, golf course, and conference center were among the first structures in the area. When Barnes and Connally eventually declared bankruptcy, Freeport-McMoRan, Inc., swooped in and bought the development in 1988. Freeport-McMoRan CEO Jim Bob Moffett introduced the Barton Creek Planned Unit Development project to construct living spaces, more golf courses, and office space in the area.In the beginning, the Barton Creek Planned Unit Development plan faced challenges because environmentalists insisted the areas around Barton Springs, Barton Creek, and the Edwards Aquifer needed to be protected. The Save Our Springs Citizens Initiative of 1992 sought to limit the construction in the area, establish pollution-prevention standards, and reduce the risk of contamination. After some discussion, Freeport-McMoRan was permitted to have development rights for thirty years with the caveat that they also set aside land to be preserved. Today, the Save Barton Creek Association serves to educate people about the Barton Creek Edwards Aquifer and protect the environment surrounding it.