UPDATED 1/22/26 11am
Job search company Indeed has been trying to fill its full-building lease at the Domain Gateway office building for more than two years, and it finally found a subtenant.
An unnamed e-commerce company subleased a 108,000-square-foot chunk of Indeed’s full-building lease at the property at 2900 Esperanza Crossing during the fourth quarter, according to a recent report from JLL. Boston-based AEW Capital Management owns the 2009-built property.
Indeed is a victim of the rapid boom and bust of tech in Austin that took place between 2020 and 2023. The company was saddled with nearly 800,000 square feet of Austin office space spread across three high-profile buildings, chunks of which have been languishing on the sublease market since the summer of 2023.
Even so, tech is expected to play a major role in the Austin office market in 2026, JLL said in its fourth-quarter report.
Tech companies accounted for the three largest leases of the quarter, which posted a positive office absorption of 23,700 square feet. VMware renewed its lease for nearly 135,000 square feet at River Place; TikTok’s sublease at Domain Gateway ranked second; and Nvidia renewed its 79,000-square-foot lease at The Crossing at Lakeline.
Tech companies make up nearly a third of tenants for pre-leased projects in the pipeline, according to JLL.
This story has been corrected to reflect that the subtenant is not ByteDance, the parent company of TikTok.
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