ByteDance, the parent company of TikTok, has subleased 108,000 square feet from Indeed at the Domain Gateway office building in Austin. The deal was confirmed by Steve Triolet, senior vice president of research at Partners Real Estate. The property is owned by KBS and was listed by Savills.
This move marks an expansion for ByteDance in Austin. In early 2022, the company leased 125,000 square feet at 300 Colorado Street but later considered subleasing that space before deciding to renovate it instead. State filings indicate ByteDance planned a $29 million renovation for the downtown office, with completion expected in early 2025.
The changes in TikTok’s office footprint have taken place as U.S. lawmakers continue to scrutinize the social media platform’s ownership. President Donald Trump initially ordered ByteDance to divest from TikTok during his first term. That order was reversed under President Joe Biden, but Congress later passed legislation requiring ByteDance to sell its U.S. operations. After an extension granted by Trump at the start of his second term, a deal was reached in which TikTok’s U.S. operations would be spun off to a group led by Oracle co-founder Larry Ellison.
Indeed has faced challenges after rapid growth and contraction in Austin’s tech sector between 2020 and 2023 left it with nearly 800,000 square feet across three buildings—much of which has been available for sublease since mid-2023.
Despite these shifts, technology companies remain significant players in Austin’s office market. According to JLL’s fourth-quarter report for 2026, tech firms accounted for the three largest leases of the quarter and contributed to a positive net absorption of over 23,700 square feet in office space citywide (https://www.us.jll.com/en/trends-and-insights/research/austin-office-insight). VMware renewed almost 135,000 square feet at River Place; TikTok’s new sublease ranked second; Nvidia renewed its lease for 79,000 square feet at The Crossing at Lakeline.
JLL also reported that technology tenants make up about one-third of pre-leased projects currently under development (https://www.us.jll.com/en/trends-and-insights/research/austin-office-insight).
