Indeed is seeking a subtenant for 118,185 square feet at Domain Tower in Austin, continuing its efforts to reduce its office footprint in the city. The company confirmed on October 21 that it is marketing the top four floors of the 11-story building at 10721 Domain Drive, each floor covering approximately 29,000 square feet. Savills and independent broker Todd Chessher are handling the sublease, according to the Austin Business Journal.
The move is part of Indeed’s ongoing downsizing at the Domain, a North Austin business district that hosts several major tech companies including Amazon, Meta, and Vrbo. Indeed currently leases the entire Domain Tower and the nearby 183,000-square-foot Domain Gateway building at 2900 Esperanza Crossing. The company is also the anchor tenant of the 36-story Indeed Tower downtown, where it is attempting to sublease nearly 98,000 square feet.
Across Austin, Indeed controls just under 800,000 square feet of office space and is now marketing about 216,000 square feet for sublease. This represents a significant portion of the roughly 4.1 million square feet of sublease space available in Austin.
Indeed stated that it regularly reviews its office needs in relation to employee requirements. The company has previously secured subtenants for parts of Domain Gateway, including Dun & Bradstreet and real estate analytics firm Zonda. Three floors in Domain Gateway remained available until earlier this year, when CoStar data indicated they were withdrawn from the market in February.
The shift in Indeed’s office strategy reflects broader trends in Austin’s office market, which has seen a surge in sublease availability due to new developments and ongoing hybrid work arrangements. Other technology companies have also reduced their office space in Austin, with Meta and Google consolidating their real estate holdings in various markets.
David Rudick, Indeed’s vice president of real estate, previously said that the company’s two main Austin locations—downtown and the Domain—were intended to provide employees with flexibility and improved commuting options. According to Rudick, “That dual-hub strategy remains intact for the time being.”
