Lucid Adds Private Offices for Austin Teams
Small firms and remote teams in Austin gain another flexible private-office option as coworking supply expands.
Updated on Nov. 2, 2026 in Remote Work
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Lucid Private Offices opened a 22,000-square-foot coworking location occupying the entire ninth floor of Stonebridge Plaza II in Austin, Texas. Operators in Austin's flexible-office market now have another large private-office option, and the company plans a second Austin location of 23,029 square feet in April 2027.
Why it matters
The opening adds supply to a coworking market that has been expanding across the U.S., giving small firms and remote teams more choice in private offices and team suites. Lucid's entry at a LEED Gold-certified campus shows operators offering flex space competing for tenants who want a dedicated office without a long-term lease.
Lucid's Austin space totals 22,000 square feet with 83 private offices and 12 team suites, and the broader U.S. coworking sector reached 9,612 locations after adding 228 in the third quarter. Austin alone counted 122 coworking spaces totaling 2.2 million square feet at quarter end.
The players
Lucid Private Offices
A flex-office operator running coworking locations across Georgia, Arizona, Tennessee, and Texas, including 12 Metroplex sites and five in metro Houston.
Intercontinental Real Estate
A real estate investment firm that acquired the Stonebridge Plaza campus in 2018 for $160.3 million.
KBS Realty Advisors
A real estate investment manager that sold the Stonebridge Plaza campus to Intercontinental Real Estate in 2018.
The details
Lucid Private Offices entered Austin's coworking market by leasing the entire ninth floor of Stonebridge Plaza II, a building in a two-building campus totaling 386,902 square feet. The Austin location includes 83 private offices, 12 team suites, four conference rooms, and a Library Focus room, letting small teams rent dedicated space without building out their own office. The campus was acquired by Intercontinental Real Estate in 2018 for $160.3 million, or $414 per square foot, from KBS Realty Advisors.
Timeline
The Stonebridge campus was completed in two phases in 1999 and 2000.
Intercontinental Real Estate acquired the Stonebridge Plaza campus in 2018.
Third-quarter coworking figures for the U.S. and Austin were reported for the quarter ending this year.
Lucid's second Austin office is scheduled to open in April 2027.
Lucid expects to complete two additional Austin locations by the end of 2027.
Market Landscape
Lucid's Austin opening follows third-quarter growth of 228 U.S. coworking locations to 9,612 total, with Austin already at 122 spaces. The entry places a flex-office operator with multi-state and Texas portfolio depth into a market where supply is expanding quickly.
Operators weighing private office space in Austin now have more flex options, including team suites and private offices on a single floor. Teams should compare per-seat costs against lease terms and the availability of conference and focus rooms before committing.
The takeaway
Growing coworking supply gives operators leverage to negotiate flexible terms when they need dedicated space without a traditional lease. Track Austin's coworking count and vacancy trends in upcoming quarterly reports before locking in multi-year commitments.
What happens next
Lucid plans to open its second Austin location at 805 Las Cimas Parkway in April 2027, and two additional Austin locations are expected by the end of 2027.
Further reading
For more on how flexible office arrangements fit into hybrid teams, see Remote Work coverage in the business section.
Source note: This article includes information reported by Commercial Property Executive.
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