A flex-space development on Darden Hill Road in unincorporated Hays County is already about half finished, with roughly 10 of its planned buildings fully leased and several tenants signed on, even though the full project isn't expected to wrap up until late 2028. Driftwood Business Center, located at 10020 Darden Hill Road, is marketed with suites ranging from 1,750 square feet up to 12,000-square-foot standalone buildings built for industrial and commercial use.
Broker Guy Oberg told Community Impact that construction is approximately 50% complete and that he expects the project to finish in late 2028. Once finished, Oberg said, the center will feature 28 buildings total — meaning the roughly 10 buildings already fully leased represent a solid chunk of the eventual footprint, with several tenants having already signed leases, according to the same report.
Pitching a Cheaper Alternative to Retail and Office Space
Oberg's sales pitch leans on both price and age. He said the center's buildings are newer and more updated than much of the competition, while landing at a similar price point to other options in the area, per Community Impact. He also framed the flex spaces as a budget-friendly stand-in for retail or office tenants, noting the product is more affordable than retail or office space and can serve those same purposes.
A brochure from The Oberg Group lists 22 freestanding buildings for sale at the property. The same document describes the site as an 11-acre parcel positioned on unincorporated county land. Separately, a PropertyShark listing shows one 12,000-square-foot space with an asking lease rate of $16.50 per square foot annually and NNN terms.
Road Upgrades Planned Nearby, No Timeline Yet
Hays County is preparing to expand Darden Hill Road, the roadway that fronts the business center. County road officials say preliminary schematic design for widening Darden Hill Road from RM 1826 to east of Sawyer Ranch Road, along with a new roundabout at RM 1826, was completed in 2024, according to Hays County Roads. The county says that segment is funded for design, right-of-way acquisition, utility coordination and construction, though additional right-of-way will still be needed to widen and extend the roadway — work the county says it will coordinate on with affected property owners as design moves forward. The county’s published schedule puts construction of the widening segment between mid-2027 and mid-2028, and roundabout construction between mid-2028 and mid-2029.
Hays County Roads also points to broader growth pressure in the area, citing new and expanding residential developments, two new schools and a new church as evidence of the corridor's rapid change. Dripping Springs ISD is separately making progress on the Driftwood Springs High School project, though specifics on that project's schedule have not been detailed.
How Driftwood Fits Into a Shifting Austin Industrial Market
The broader Austin industrial market provides context for Driftwood Business Center.
Vacancy, rent growth, absorption and construction activity are among the measures used to assess industrial-market conditions across submarkets.
