S
eamless Capital's The Bouldin development in Austin is moving forward despite high office vacancy rates in the city. However, the market is showing signs of improvement. National Veterinary Associates has secured a 39,000-square-foot lease for the uppermost floor of the four-story building at 1301 South Lamar.

    The deal positions NVA, which operates over 1,500 veterinary hospitals and pet resorts across the US, as one of the key tenants in The Bouldin development. The mixed-use project includes a three-story office building managed by Endeavor Real Estate Group, as well as a two-building apartment complex with 300 units, including about 30 affordable housing options.

    The move is part of NVA's headquarters relocation from El Segundo, California to Austin, where the company has been operating out of a sublease since 2022. The high office vacancy rate in Austin stands at 24.3 percent, but recent leases such as PayPal's expansion and Wise PLC's deal suggest the market is recovering.

    The Bouldin will also feature retail spaces like Postino Wine Cafe and Paperboy restaurant, as well as Life Time's upcoming gym on the first and second floors.