Want to buy an office building in Austin? Prepare to pay a premium

office LeaseRecent reports suggested that office investment deals in Austin come with a very high price. As what the data from Real Capital Analytics report shows, the average rate per square foot costs $269, putting the city on the most high-priced markets list.

Transwestern studied the market data for the first six months of 2014 and concluded that the total volume of office investment sales reached $431.7 million for an average price of $243 per square foot. On the other hand, CoStar Group used the same timeline but different parameters. The CoStar reported a $484.8 million volume sale for $138.

Read more about this http://www.bizjournals.com/austin/blog/real-estate/2014/09/want-to-buy-an-office-building-in-austin-prepare.html

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