Austin Retail Space Lease Rates

Third Quarter 2011 Austin Retail Space Market Report

Retail Lease rates in Austin have remained steady, however retail demand seem to be on the rise. Below are some average quoted retail lease rates. Please keep in mind that retail spaces are typically quoted as triple net (nnn) leases. That means the base rates you see below would also include another $5 to $10 SF for operating expenses (aka nnn or cam). Expect newer retail properties and those in higher trafficked areas to have higher quoted base lease rates (typically $22 to $30 plus nnn).

Average Asking Rental Rates for Available Retail Space in Austin, Tx

Average Austin Retail Lease Rates	All Types
Austin Market Area	$17.98 SF
Downtown Austin	$26.57 SF
Central Austin	$16.00 SF
North Austin	$15.00 SF
Northeast Austin	$20.00 SF
Northwest Austin	$22.00 SF
South Austin	$19.00 SF
Southeast Austin	$15.00 SF
Southwest Austin	$23.00 SF
West Central	$26.00 SF