----- Georgetown, TX · Williamson County

Commercial Real Estate in Georgetown, Texas

Professional office, medical space, retail, and land in the fastest-growing city in America — and the county seat of one of the fastest-growing counties in Texas. Brian Novy has represented buyers, sellers, and tenants across Williamson County for over 40 years, including his current listing at Georgetown Commons on FM 971.

----- The Georgetown Market

The Fastest-Growing City in America — and a Market Still Catching Up to Itself

Georgetown topped the U.S. Census Bureau’s list of fastest-growing large cities three years in a row, crossed 100,000 residents in 2025, and has grown roughly 50% since the 2020 census. Commercial services always lag rooftops, and in Georgetown that lag is the opportunity: the businesses that serve a city of this size — law and title firms, CPAs, financial and insurance practices, engineers, healthcare providers, and the retail that supports them all — are still expanding into a market that added a third of its population in five years. As the county seat of Williamson County, Georgetown carries a demand driver no other Austin suburb has: courts and county government concentrate legal, title, and professional-service firms around the historic downtown square and the county Justice Center, and that clientele doesn’t move with economic cycles. Southwestern University and a median household income near $95,000 round out an unusually deep professional trade area.

The healthcare side is just as well-anchored. Georgetown’s median age of roughly 42.6 — with more than 22,000 senior residents, driven by Sun City Texas, one of the largest active-adult communities in the country — produces demand for medical, financial, and advisory services well above the metro norm. St. David’s Georgetown Hospital on the I-35 frontage has added an outpatient cardiovascular imaging center and cardiac catheterization lab; Baylor Scott & White’s Sun City clinic on Williams Drive completed a 15,000 SF expansion; Ascension Seton Williamson sits just down I-35. Add Wolf Ranch’s retail growth to the southwest and the SH-130 corridor tying Georgetown to the Samsung semiconductor investment in Taylor, and this is a market with multiple distinct demand streams — professional, medical, consumer, and industrial-adjacent — not a one-note growth story.

100,000+

Residents — Crossed in 2025, up ~50% Since 2020

#1 in U.S.

Fastest-Growing City, Three Consecutive Years

$95,062

Median Household Income

County Seat

Williamson County — Courts, Government & the Firms That Serve Them
----- Market Intelligence

Georgetown Commercial Real Estate, By the Numbers

If you’re weighing a lease, purchase, or ground-up project in Georgetown, these are the fundamentals driving the decision — and why Georgetown’s demand curve looks different from every other Austin suburb.

MetricGeorgetownContextWhat It Means Here
Population Growth~50% since 2020; 100K+ in 2025City of Austin grew ~0.5%/yr over the same spanCommercial services — professional, retail, and healthcare alike — are still catching up to five years of rooftop growth. The demand backlog is structural.
County Seat & InstitutionsWilliamson County courts & government; Southwestern UniversityGovernment-adjacent demand is largely recession-resistantLegal, title, financial, and insurance firms cluster around the downtown square and Justice Center — a professional office driver no other Austin suburb has.
Median Household Income~$95,000Well above Texas medianSupports full-fee professional services and elective, specialty, and private-pay practice models — not just volume-driven business.
DemographicsMedian age ~42.6; 22,000+ seniors (Sun City Texas)Austin metro skews early-30sAn older, wealthier population drives outsized demand for healthcare — and for estate planning, wealth management, insurance, and elder law. One demographic, two client bases.
New Supply~33,600 SF of medical office under construction — entire Austin metroNew office construction is concentrated in Austin's core and DomainVery little new office or medical product is being delivered in Georgetown. Existing well-located buildings compete on scarcity.
Population and demographic figures: U.S. Census Bureau estimates and City of Georgetown (2025). Medical office supply: CoStar data via Matthews Q4 2025 Austin Medical Office Report (metro-wide). Hospital investment: provider announcements. Corridor-specific comps available on request — call (512) 750-5587.

If You're Leasing Space Here

Pick your corridor by your client base. Legal, title, and client-facing professional firms cluster around the downtown square and the county Justice Center. The I-35 frontage delivers regional visibility — and puts medical users in the referral orbit of St. David's Georgetown Hospital. Williams Drive serves the Sun City trade area, where practices of every kind built around that clientele — medical, financial, insurance — locate. Wolf Ranch and southwest Georgetown carry newer space suited to consumer-facing businesses.

Expect newer product at newer pricing. Much of Georgetown's office and clinical stock is recent construction — higher asking rates than older Austin submarkets, but modern layouts, ADA-current buildouts, and parking designed for client and patient turnover from day one.

Most Georgetown deals are NNN. Underwrite base rent plus taxes, insurance, and CAM — and negotiate expense caps and exclusions before signing, not after the first reconciliation.

If You're Buying or Investing

The demographic tailwind is the thesis. A city adding residents faster than anywhere in the country, with ~$95K median household income and a county-seat professional core, supports defensive commercial investment across the board — office, medical, and neighborhood retail alike.

Institutional capital keeps arriving. St. David's added cardiovascular imaging and a cath lab in Georgetown; Baylor Scott & White expanded its Sun City clinic by 15,000 SF and is completing a $220M expansion in Round Rock 15 minutes south. When anchor institutions spend ahead of demand, surrounding commercial values follow.

Small buildings are the scarce asset. Owner-occupant professionals — attorneys, advisors, physicians, dentists — compete for freestanding and small multi-tenant product, and much of it trades through broker networks before it's ever publicly listed. Metro medical product traded near $513/SF at ~6.0% cap rates in Q4 2025; quality Georgetown office assets benefit from the same scarcity dynamics.

If You're Building or Repositioning

Georgetown plays by its own rulebook — not Austin's. Development runs through the City of Georgetown's Unified Development Code, with its own zoning districts, parking, landscaping, and impervious-cover standards. Entitlement timelines and requirements differ meaningfully from Austin's code — budget your feasibility work accordingly.

Land is the opportunity Austin no longer offers. Developable sites along the I-35, Williams Drive, and SH-130 corridors come at a cost basis the urban core can't match, in a city where commercial services are still catching up to five years of explosive rooftop growth.

SH-130 is the sleeper corridor. It ties Georgetown directly to the Samsung semiconductor investment in Taylor and the regional logistics economy — a second, employment-driven demand stream on top of the demographic one, and a reason east-side Georgetown land has drawn increasing investor attention.

Sources: U.S. Census Bureau Population Estimates; City of Georgetown Demographics & Statistics; Matthews Q4 2025 Austin Medical Office Market Report (CoStar); Baylor Scott & White Sun City clinic expansion and Williamson County healthcare expansion coverage; City of Georgetown Unified Development Code. Market data updated January 2026.

----- Currently Available

Featured Georgetown Listing

GEORGETOWN COMMONS

211 FM 971

Georgetown, TX

78626

1452 square feet

$30-32 PSF annually +$12 PSF NNN (est.)

----- Georgetown FAQs

Common Questions About Georgetown Commercial Real Estate

Brian draws on 40+ years of Central Texas deal experience to answer the questions buyers, sellers, and tenants ask most. Have a question that isn’t here? Call (512) 750-5587.

Please Call (512) 750-5587.

Why is Georgetown, TX a strong market for professional office space?

Georgetown is the county seat of Williamson County, which concentrates courts, county government, and the firms that serve them — law offices, title companies, financial and insurance practices — around the historic downtown square and the county Justice Center. Layer on the fastest population growth of any large U.S. city three years running, a median household income near $95,000, and Southwestern University, and professional-service demand has consistently outrun the supply of quality office space.

 

Why is Georgetown a strong market for medical office space?

Georgetown’s median age of about 42.6 — with more than 22,000 senior residents anchored by the Sun City Texas active-adult community — produces healthcare utilization well above the Austin metro norm. Three hospital-affiliated anchors serve the trade area: St. David’s Georgetown Hospital on I-35, Baylor Scott & White’s expanded Sun City clinic on Williams Drive, and Ascension Seton Williamson nearby, and provider systems have continued committing expansion capital to the market.

Which Georgetown corridors matter most for commercial space?

The downtown square and Justice Center area anchor legal, title, and client-facing professional firms. The I-35 frontage offers regional visibility and hospital-adjacent space near St. David’s Georgetown. Williams Drive serves the Sun City trade area for medical, financial, and insurance practices built around that clientele. Wolf Ranch and southwest Georgetown carry newer retail and consumer-facing space, and the SH-130 corridor connects Georgetown to the Samsung semiconductor investment in Taylor and the regional logistics economy.

What do commercial rents and investment returns look like in the Georgetown area?

Most Georgetown commercial leases are triple-net, so tenants should underwrite base rent plus taxes, insurance, and CAM. On the medical side, Austin-metro medical office averaged $38.13 per square foot asking rent, roughly 10.8% vacancy, $513 per square foot sale pricing, and cap rates near 6.0% as of Q4 2025, with almost no new supply under construction. Professional office and neighborhood commercial pricing varies by corridor and building age — much of Georgetown’s stock is newer construction, and smaller buildings frequently trade through broker networks before being publicly listed. Corridor-specific comps are available on request.

 
 

Does The Novy Company have current listings in Georgetown?

Yes. Brian currently represents Georgetown Commons at 211 FM 971 in Georgetown, and additional Williamson County opportunities frequently move through his referral network before they’re publicly listed. Availability changes regularly — call (512) 750-5587 for current options.

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