AI Chipmaker Nvidia Nears Deal for Big Austin Office Lease

8 July 2025

Austin’s AI boom may soon land its crown jewel.

Nvidia is poised to significantly expand its Austin presence with a lease at the One Uptown office tower near The Domain, sources told the Austin Business Journal.

The world’s most valuable company — with a $3.86 trillion market cap — is expected to take about 100,000 square feet in the Brandywine Realty Trust-owned building at 11515 Burnet Road, part of the larger Uptown ATX mixed-use development. It’s smaller than the 300,000 square feet Nvidia was initially said to be shopping for, but it would accommodate 650 employees, based on industry space estimates.

The deal hasn’t been confirmed. Nvidia, Brandywine and CBRE, which handles leasing at One Uptown, all declined to comment. But the move is said to be imminent. It would mark a strategic win for North Austin’s jumbled tech corridor.

Nvidia occupies two smaller leases in the metro: 52,000 square feet on Lakeline Boulevard and 5,000 square feet off MoPac Expressway. It’s not clear whether the One Uptown lease will consolidate those offices or serve as a third location. Either way, it marks a tangible signal of the chipmaker’s rising investment in the region.

Proximity to Dell Technologies’ Round Rock headquarters, just 15 minutes away, is no accident. The two companies are closely partnered on AI infrastructure. Dell leverages Nvidia’s chips in its data center products and reports a $14.4 billion AI server backlog after the first quarter.

Nvidia’s recent SEC filing noted it was entering into billions in new operating leases, largely for office and data center space, though locations weren’t disclosed.

The lease also adds momentum to Austin’s struggling office market. Vacancy is above 20 percent, but deals like Nvidia’s — along with IBM expected to take over Meta’s huge lease at the Domain — suggest sustained appetite from some tech tenants. Purchases in the last year, like Cousins Properties’ $522 million deal for Sail Tower, the future Austin home of Google, signal investors still see long-term upside in the market.

— Judah Duke