SolarWinds Leases 100K-SF of Austin Midrise Office Space
Why this matters
Office continues to trade in two distinct markets: trophy assets in walkable submarkets that are leasing at or near record rents, and commodity Class B and C buildings where the basis is still resetting. Underwriting on the latter has moved toward replacement-cost-minus, with credit underwriting now leaning on tenant covenant and remaining lease term rather than mark-to-market expectations. Austin is working through a multi-year supply digestion in both multifamily and office. Land values east of I-35 continue to hold despite slower entitlement activity. For LP-positioned capital, the read-through is that the bifurcation is now a structural feature of the sector, not a cycle to wait out.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 22nd Austin story tracked on the wire in October 2026. All Austin coverage →
- Disclosed office deal value tracked in October 2026: $13.3B across 42 reported transactions. All Office coverage →
Computed from Real Estate Trail’s own tracked coverage
Tech company SolarWinds signed a 100,000-square-foot lease at Zilker Point, where the company will relocate its global headquarters from its existing Austin office. The lease represents just over half of Zilker Point’…
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