Austin Tesla Lease Takes 682K SF, Industrial Record
Tesla’s New Austin Lease: Size and Timing In a rapid expansion move, Tesla executed a new Austin-area industrial lease totaling roughly 293,000 square feet. Reported figures range from 293,000 square feet in the official lease document to 300,000 square feet in local reporting and 296,960 square feet in a Q2 2025 market summary. This lease ambiguity still places the deal among Austin’s largest 2025 industrial transactions. It also pushes Tesla’s regional industrial footprint beyond 11 million square feet. The facility sits about 6 miles from Giga Texas, reinforcing its proximity to Tesla’s main campus . The deal adds to 962,000 square feet already tied to Kyle/35 Logistics Park. The lease was signed May 14. Occupancy logistics moved quickly, with occupancy and lease commencement both set for June 1. In contrast to office markets facing 36.8% vacancy , Tesla’s fast lease-to-occupancy timeline highlights continued momentum in industrial real estate. Tenant move-in was also planned for Ju...