Looking for Downtown Office Space in Austin? Your Choices are Few!

If you need or will need downtown office space in Austin, Tx within the next few months you better start looking sooner than later.  With a vacancy rate of less than 15% finding available space is getting harder and harder.  Also as available space continues to shrink lease rates are increasing.  Class A office space in downtown Austin is averaging at a minimum $40 sf which is about a 5% to 7% jump over 2013

Never before has there been a more diverse tenant base in the downtown Austin area which now consists of a healthy mix of government, software, tech, and other types of industries.  There has also been a lot of migration from others states to Austin as companies want to jump on the bandwagon of Austin’s growth, low cost of doing business, talent pool, and quality of life.