In what it's calling a "strategic relocation," architecture firm Page will move its Austin office into downtown's Indeed tower. Page and developer Trammell Crow designed the 36-story Indeed Tower, one of the downtown's tallest and more notable recent additions and one that's become somewhat of a bellwether for Austin's office market.
Page will occupy the 18th floor and the western side of the 19th floors of the building at 200 West Sixth Street starting April 8, the firm announced Friday.
Indeed signed a lease for the the building's top 10 floors and purchased its naming rights in 2018. The 750,000-square-foot building includes offices, retail, street-level green space, and a 1914 post office building, incorporated and adapted for retail and restaurant use. The tower was completed and sold to Kilroy Realty for $580 million in 2021.
In the wake of the pandemic and the ensuing rise of remote work, the office market faltered, and a number of major new towers still stand empty. Indeed managed to move into its namesake building in 2023 but quickly moved to sublease three floors in the building while also putting its 183,000-square-foot Domain Gateway office on the sublease market, the Austin Business Journal reported.
Page said in a statement that it's "doubling down" on its historic commitment to downtown: "Over the past few years, employers have reported struggles with return-to-office numbers and creating office experiences that entice employees to come to work." It plans to "prototype how an amenities-filled workplace located in an activated, mixed-use environment can be an asset to the company's corporate real estate strategies following its dramatic growth."
In the past three years, the rapidly growing firm has acquired architectural and engineering companies DB Structures, EYP Group Holdings, and Davis Brody Bond, making it one of the country's fastest-growing design firms and catapulting it from 22nd to 10th place in Architectural Record's list of top design, architecture, and engineering firms based on revenue, according to the statement.
Now headquartered in Washington, D.C., Page was founded in Austin in 1898 and played a central role in the Texas capital's building design. In the past two years, the firm has acquired former architectural and engineering giant EYP Group Holdings, its longtime partner DB Structures, and New York firm Davis Brody Bond. The Indeed Tower will become the sole location of its 270-person Austin staff.