A downtown Austin office building constructed in the 1970s has been listed for sale. The property, known as 211 Seventh, is being marketed by JLL Capital Markets on behalf of Houston-based Highland Resources. According to JLL managing director Jeff Coddington, the brokerage team includes Joe Dowdle and Ryan Stevens.
The 12-story building at 211 East Seventh Street covers about 162,000 square feet on a lot of roughly 0.7 acres. It is located across from the Driskill Hotel and the Omni Austin Hotel Downtown and sits next to Stream Realty Partners’ redevelopment project on East Sixth Street.
JLL’s marketing materials highlight several options for potential buyers: maintaining it as office space, redeveloping the site, or converting it into residential or hospitality use through adaptive reuse. While the asking price was not disclosed, Travis Central Appraisal District recently valued the property at $23.8 million.
The listing comes amid high vacancy rates in Austin’s office market; JLL reports a citywide vacancy rate of 25.8 percent in the third quarter. Despite this environment, some investors are looking ahead to an expected rebound in leasing activity over the next few years.
“We expect the Austin office capital markets to remain fertile ground for opportunistic, contrarian buyers positioning ahead of a 2026/2027 leasing rebound,” Stevens said in an emailed statement to the publication, referencing historically low acquisition costs despite elevated vacancies.
Currently, approximately 62,000 square feet of space at 211 Seventh is available for lease. The building is about 61 percent leased with tenants such as Dealerware, ThinkOnward, Brightpearl by Sage and Suvida Healthcare—most holding short-term leases according to Coddington.
The site offers development flexibility due to its eligibility for Austin’s Downtown Density Bonus Program; developers can exceed a temporary height cap by participating in this program. The parcel allows for a floor-to-area ratio up to 25-to-1 and does not fall under Capitol View Corridor restrictions.
Adaptive reuse may appeal to buyers since only about 1.1 percent of Austin’s office stock is considered suitable for conversion based on research from Partners. “The building at 211 Seventh is an exception,” Coddington said, citing its smaller floor plates and high window-to-floor ratio that could support conversion into residential units or hotel rooms.
