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A new office tower is coming to the Domain, the Austin Business Journal reports.
Domain 12 will be 320,000 square feet over 17 floors, making it one floor taller than the HomeAway building next door.
Eight of those floors will be devoted to parking, with nine floors of offices on top. It will be the tallest building in the Domain after construction is complete at the end of next year.
TIER REIT, Inc., who is developing and managing Domain 12, is the biggest office landlord in the Domain. They have 1.2 million square feet and could develop as much as 4.2 million square feet in total.
There are also two more 11 story office buildings in the works at the Domain. There’s a lot of demand for office space in the area. Rent is approximately $20 less per square foot than in downtown Austin.