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Austin Tenant Advisors is an office space rental agency that helps commercial Tenants & Buyers search for & find office space for lease in Austin and the greater metropolitan area within their ideal size, location, budget, & timing. We help you understand your current and future needs, select the best locations, & negotiate the lowest lease rates and best terms possible. We only represent Tenants, never landlord’s, and our service is free!

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How Much Does it Cost to Rent Austin Office Space?

Below are the average yearly cost per sf quoted by landlords to rent office spaces in Austin, Texas. These rental rates assume that all operating expenses are included (electric, janitorial, taxes, insurance, and maintenance). We are posting featured real estate rental rates as they’re updated.

Office space for rent	Class A	Class B	Class C	Vacancy Rate
Downtown Austin	$65.00	$45.00	$40.00	7%
Southwest Austin	$50.00	$36.00	$28.00	8%
North Austin	$42.00	$35.00	$28.00	14%
Northwest Austin	$42.00	$35.00	$28.00	10%
South Austin	$39.00	$28.00	$25.00	10%
Central Austin	$42.00	$28.00	$24.00	9%
Southeast Austin	$29.00	$24.00	$21.00	12%
Northeast Austin	$26.00	$24.00	$22.00	25%

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Where to Lease Austin Tx Office Space

It’s tough deciding on the best commercial real estate property type located in your ideal area for your existing business or startup. The decision is typically driven by factors such as the needs of employees, monthly cost, commute times, amenities, etc. To help guide you through the process we have profiled each area.

Downtown Austin

Austin’s downtown central business district (CBD) is at the intersection of Martin Luther King Jr Blvd to the North, N Lamar Blvd to the West, interstate 35 to the East, and W Cesar Chavez St/Lady Bird Lake to the South. Office Rental Rates will be the highest ranging from $60 to $75 sf and parking will cost $150 to $250 per person per month.

Central Austin

Located at the border of Highway 183 to the North, Mopac Expy to the West, Interstate 35 to the East, and W Martin Luther King Jr Blvd to the South. West campus is within this location also so any office space listings will be close to the University of Texas.

North Austin

Bordered by Texas State Hwy 45 to the North, Mopac Expy to the West, Interstate 35 to the East, and Hwy 183 to the South. Close to the Arboretum and the Domain which consists of plenty of class A office and retail and walkable amenties.

Northeast Austin

Located at the border of I-35 to the West, Howard Ln to the North, and Hwy 290 to the South, this one of two areas that will have the cheapest rental rates per sf and sale price in town ranging from $21 to $25 per square foot.

South Austin

Located at the border of Lady Bird Lake to the North, Mopac Expy to the West, I-35 to the East, and Texas State Hwy 45 to the South

Southeast Austin

Located at the border of I-35 to the West, Hwy 71 to the North, SH 130 to the East, and SH 45 to the South, Southeast Austin is the other area to have the lowest lease rates in town. The property type in this south east area is mostly warehouse property however there are a few available office units.

Southwest Austin

This area includes all of the hill country that includes Hwy 360, bee cave road to West Lake Hills and Bee Cave Tx as well as Mopac Expy to Southwest Parkway and Hwy 290 West. There are many fortune 500 companies in this area.

Frequently Asked Questions About Office Space Leasing

When Should I Start Searching For a New Office?

When you start your search for Austin office real estate depends on the size, condition, and popularity of the space, however in general it’s a good idea to begin your search at least 3-12 months before your existing lease expires or before your ideal move in date if leasing office building for the first time. It takes longer than you think to find the right space, negotiate the deal, review the lease, and if necessary do all the tenant improvements.

How Much Office Do I Need Per Person?

Most companies average 125 to 200 sf per person depending on whether they lease Austin office space with an open layout our one with a lot of hard-walled rooms, however our office space calculator will help you calculate how many square feet of office real estate you need to ensure you don’t end up renting more than you need.

How Do I Calculate My Monthly Office Cost?

Calculate the total yearly rental rate = base rent + operating expenses (aka NNN). Multiply the total yearly rental rate times the square footage. Then divide by 12 months.

Calculate office space rent per square foot with our handy calculator. Whether the landlord is quoting a gross lease rate (e.g. $45 sf gross) or a triple net rate (e.g. $25 + $20 nnn) our tool will help you calculate your total estimated monthly and yearly rent amount.

Where Can I Find Cheap Office Space?

The least expensive Austin office buildings are located in South east and Northeast Austin. Rates will range from $21 to $25 sf. The type of buildings will mostly consist of warehouse and class C property type that have or need to be restored at some point and they won’t have any amenities. Great for non-profits and startups looking to keep operating expenses & cost down.

What do I Need To Rent an Office?

Good credit and strong financials. If startup 2-3 years of tax returns and/or large security deposit. If existing business 1-3 years of profit / loss statements, balance sheets, etc.
Business plan if a startup.
Security deposit and first months rent
General liability and property insurance
Internet and phone service as well as data cabling if none pre-existing.
Furniture

Learn More About Austin | Market Data & Trends

The city of Austin is located in Travis County. Austin’s the 4th largest city in Texas and 11th largest in the United States. with an estimated population of 950,715 and the average age is 31. Demographically the average income for residents is $33,000 and the median home price is $407,000. There are a ton of fun things to do in Austin and it’s Known internationally as The Live Music Capital of the World it’s also center to the University of Texas which is one of the largest employers in the area. Typical occupations for residents include industries such as scientific, professional, construction, technical, education, and hospitality services. The unemployment rate is currently 2.7% compared to the U.S which is 3.9%. Some of the most popular festivals in town have drawn millions of tourists such as South By Southwest (SWSW) music & arts festival and the Austin City Limits music festival. Austin routinely ranks among the best places in America to live & work and is #4 in the nation in early stage funding deals, #3 in population growth, and #27 in business creation. Transportation options are CapMetro Station, Uber, Lift, and scooters. It’s only 15 to 20 minutes from Austin Bergstrom International Airport

The commercial real estate market it strong here and consists of over 450,000,000 square feet of mixed use office, retail, and warehouse. 56 million square feet of austin office space for lease including 36 million sf of Class A inventory