Austin Office Space

The Austin office space market in Austin tightened up in Q2—meaning, there is less space to lease for business owners.

The southwest market experienced the greatest year-over-year tightening, with vacancy falling to 13.85% in the last quarter from 20.84% last year. At the same time, however, the vacancy rate in the Central Business District increased to 17.39% from 16.13% in the second quarter last year. The Class A vacancy rate also fell year over year across all areas to 18.3% from 19.9%.

The average asking rental price in Q2 2011 was $24.76.

For a full overview of lease rates on Austin office space, watch the video below.

Austin Office Space: Q2 2011 Market Update View more videos from jnansmith Contact Austin Tenant Advisors to find the perfect Austin commercial real estate for your business (512)861-0525.

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