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Austin Office Lease Rates
Third Quarter 2011 Austin Office Market Report
Austin Office Space Lease rates are on the rise. Vacancy rates are slowly shrinking as more companies lease space, which means landlords are getting more confident, giving out fewer concessions, and raising office lease rates in Austin, Tx.
Average Asking Rental Rates for Available Office Space in Austin, Tx
|
Average Austin Office
Lease Rates
|
All Classes |
Class A
|
Class B
|
Class C
|
| Austin Market Area |
$24.76 SF |
$29.00 |
$21.62 |
$17.80 |
| Suburban Markets |
$23.55 SF |
$27.18 |
$21.32 |
$17.63 |
|
Downtown Austin
|
$32.68 SF |
$36.51
|
$25.90
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$18.92
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Central Austin
|
$22.85 SF |
$29.92
|
$21.00
|
$19.58
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| North Austin |
$20.51 SF |
$20.51 |
$21.40 |
$15.96 |
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Northeast Austin
|
$15.75 SF |
$15.93
|
$16.20
|
$14.21
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| Northwest Austin |
$25.51 SF |
$27.53 |
$22.94 |
$18.68 |
| South Austin |
$22.53 SF |
$29.94 |
$19.74 |
$17.64 |
| Southeast Austin |
$15.53 SF |
$17.15 |
$15.45 |
$13.84 |
|
Southwest Austin
|
$25.80 SF |
$28.47
|
$23 SF
|
$21.87
|
| West Central |
$29.31 SF |
36.84 |
$27.28 |
$26.18 |
Subleases - The overall amount of sublease space is decreasing but there is still a lot of inventory available--and at great rates! If you are a company that is seeking flexibility, shorter lease terms and low cost office space then you could possibly find office space 20-50% below market lease rates, however the discount depends on how marketable the space is and how much time is left on the lease.
If you would like to know more about the current Austin office market conditions please don't hesitate to contact us
Rate Source: CoStar Property |
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 | Contact Us!
Austin Tenant Advisors,
1300 Guadalupe St., Suite 250, Austin,
TX 78701.
Ph: 512-861-0525
Email: info@austintenantadvisors.com |  | | Find Commercial Real Estate in other surrounding cities: | | |
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